BANPU – BPP Court closes book on Banpu dispute. Miner will pay B2.7bn to jilted plant partner. The Supreme Court brought a decade long dispute to a close yesterday, ordering Banpu Plc to pay 2.7 billion baht to Siva Nganthavee over activities that negatively affected Thai-Lao Lignite Co’s (TLL’s) involvement in the Lignite Hongsa coalfired […]

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AMATAV AMATAV reported 2017 earnings of Bt422mn, up 585% from last year thanks to booking Bt642mn from land sales, implying growth of 81% and driving total revenue to grow 30% to Bt1.17094bn. At the same time, it cut expenses by 40%. (Khao Hoon, 14/02/18) Comment: And this should continue for vietnam over the next 3-5 […]

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CENTEL CENTEL has budgeted Bt1.2-1.5bn to add more stores and to invest in hotels and it plans to continue making new deals to acquire businesses. It projects 2018 occupancy rate will be at least 82% and revenue from its food business will grow by 7-8%. (Thun Hoon, 21/12/17) CK CK is going to bid for […]

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AOT AOT reports FY2017 net profit of Bt20.683bn, growing by 7%, as more low-cost airline passengers led total number of passengers to increase to 129.2mn, growing by 7.73%. However, it incurred a retroactive rental expense of \Bt1.378bn, which affected its margin by 0.2%. (Khao Hoon, 30/11/17) Comment: In the end its monopoly, thats growing, the […]

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ASIAN ASIAN targets 2018 revenue to grow at least 10-15% after changing its strategy to expand its premium pet food and aquatic feed markets, replacing the fall in frozen tuna, shrimp and squid sales volume. It has budgeted Bt200mn to build new storage, which will increase storage capacity by 15,000 pallets. (T hun Hoon, 22/11/17) […]

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If you want to know why the hotels are full, anything tourism related buzzing – just look at ERW, CENTEL, MINT, AOT, AAV. As a result of the continuing issues surrounding N. Korea, Chinese tourists are avoiding S. Korea and making their way to other parts in the region/world, and Thailand being the land of […]

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ANAN ANAN plans to launch three new projects worth Bt8.3bn. It targets presales of 60% of the value of the projects with a high demand outlook in BTS-attached condominiums. (Thun Hoon, 5/9/17) Comment: I do foresee a risk for all property names within the next 5 years, the average age of the population in Thailand […]

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AH AH continues to search for domestic and international partners to expand its auto parts business. It plans to sell some portions of its current business to SGAH. It remains confident in this year’s revenue growth target of 5%. (Thun Hoon, 29/8/17) Comment: An interview with AH coming soon… BTS BTS plans to raise fares […]

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ACAP ACAP to sign an MOU to lend more than Bt1.2bn to a company under GGC. It recently gave a Bt400mn five-year loan. ACAP targets Bt6bn in loans in 2017. It expects good growth in both 3Q17 and 4Q17. It plans to list a subsidiary. (Khao Hoon, 29/8/17) Comment: Since they’ve come under new ownership […]

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And its game time! Thai Beverage has just bought ~240 KFC stores from Yum Brands, which means they immediately surpass the 200 stores that are run by Central Group. Quick thoughts: THBEV is desperate for growth and they’ve been doing a decent job at leveraging their balance sheet to do so as seen with the […]

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