ASAP targets 20k Changan EV sales over the course of next 4 years under EV 3.5 scheme, expects EV subsidies Bt100k/unit, Bt10k subsidies for e-bike fuel momentum. Comment: We’re going to see these Chinese EVs everywhere… CK sees brighter outlook on construction business, expects margin recover from lower building material & energy costs, jump start […]

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ASIMAR wins ship building contract from Royal Thai Navy valued at Bt885m. Comment: Gov contracts kicking off. AUCT expects vehicles traffic thru auction yard accelerates as financial institution keen to purge repossessed vehicles by end of year, collab with Bank of Agri (BAAC) to open used car auction to serve bank customers, sees opportunity to […]

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ASAP keeps Bt3.8b full year revenue target, allots Bt2b to add fleet size, expects demand for car rent accelerate after Thailand logged 2nd on AGODA top destination voted by travelers. Comment: Well, it seems to be pricing that in…liked the management and their vision a lot pre c-19, now I’m not sure what they’re up […]

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BGRIM eyes 3,000MW gas-fired PP, while GULF target wind, solar and LNG to power, and SUPER for Bt250MW wind Powerplant, following a new 150,489MW VN power development plan. Comment: What’s amusing is that yesterday, gulf themselves said that wind & solar are unreliable power generators… CK upbeats FY earnings visibility from Bt140b construction backlog pending […]

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AOT expects 2.37m passengers and 14K flights thru its 6 airports during Songkran. Comment: Every Quarter is going to look great until 2Q24. BEM said 420K trips at its mass transport services is above pre-covid, and traffic at its expressway network is back to 100%. Comment: Et voila… CK eyes 2 large pjs this year, […]

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BA upbeats 1Q earnings from strong passenger traffic, mulls purging obsolete aircrafts to 26-28 from 35 eo-FY22 to improve efficiency, target FY cabin factor >73-74%, 4.4m FY passenger target. Comment: Price over volume… National Anti-Corruption Commission has filed charges against Keeree Kanjanapas, major shareholders of BTS Group, and Sukhumpan Boripat, former BKK governor, on graft […]

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AWC and CRC are added to MSCI Min Volatility Index, while OSP had weighting increased, effective Nov 30. Comment: WTF is this index? BCP sets Bt200b capex to boost green business and gas, target Bt70b EBITDA in 2030, from current Bt40b. CK is close to signing Bt210b Luangprabang project this year, while falling steel price […]

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BAREIT: BA Airport Leasehold REIT, debut IPO 1.03b units at Bt 10 apiece, KBANK leads & KASSET trustee. BCP ramps up Oil & Gas EP investment in Norway via flagship venture OKEA drilling co (45.7% holding) as 1H22 OKEA revenue +148% yoy to Bt 10.2b boosted by geopolitical conflict, rising price and increasing global demand. […]

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AMATA and WHA stand to benefit on relocations following fresh China-Taiwan tensions, while ASIAN, TU, TKN, and SNNP may benefit from food export bans, Tabloid. Comment: Well, everyone used to say that AMATA and WHA was going to benefit from the China tariff’s, that didn’t materalise. Why would this? And if there is going to […]

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CK wins Bt1.078b expressway maintenance contract from BEM. CHO sees solid 2Q, supported by Bt1,496m backlog, on track for M&A in the US, Eon Reality Inc, an operator in Metaverse, as part of CHO Tech Riders 2030 plan. COM7’s appointed a service and solutions distributor for Alibaba Cloud for integrate cloud services in Thailand. III […]

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