BTS rpts FY19 (eo-Mar) at Bt2.87b -35% yoy, topped Bt2.79b consensus. GUNKUL signs underground wiring pj worth Bt5.14b, lifts bcklog above Bt7b, eyes 30% rev grwth t/g. MINT in 2-day wait after it appealed with AOT to reconsider its bid to manage commercial activities in Suvarnabhumi airport, but insisted that its prospects have not change […]

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AP kick-off transfer of upscale condo projects, Rhythm Ekkamaii estate, 32 storey 326 units. Comment: And let’s see how things progress from April onwards. I suspect that there won’t be much of a demand drop. BJCHI sees turnaround this year with Bt2b revenue, +100% yoy, on realizing Bt1.9b backlog, to bid for 7 projects worth […]

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ANAN ANAN launched IDEO Ratchada-Sutthisan condominium worth Bt1.6bn, boosting sales in 3Q18. Unit price starts at Bt2.49mn. It has contracted CIMBT to issue subordinated debentures at a rate of 8.5% for the first five years. It plans to sell the debentures to local institutions and HNWIs on Sep 20-25. (Thun Hoon, 12/9/18) Comment: Everything is […]

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BA BA expects 2Q18 revenue to be good, with advanced bookings up 11 .%The company plans to raise its revenue growth target for 2018 to 7-10 %and continue to expand codeshare with other airlines .It expects cabin factor to reach 70 %this year and will expand its fleet to accommodate more flights to Chiang Mai. […]

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Notable Transactions Buy(s) THB 180 mn GULF – It’s a continued substantial amount of buying by the founder JSP – A rare buy here by this smaller property developer Sell(s) THB 122 mn TLUXE  – The CEO sells ~1.5% of shares MEGA – When was the last time we saw buying in this name? Ever […]

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BGRIM BGRIM to expand alternative energy business in ASEAN. A solar farm project in Vietnam with 100 MW will be clear within 2Q18. (Thun Hoon, 30/3/18) Comment: The entire renewable/alternative energy space has been rocked by the comments from the Energy Minister. FSMART FSMART said banks’ cancellation of fees on digital transactions will not affect […]

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Notable Transactions Buy(s) THB 243 mn GULF – And he keeps buying BTS – And so does he Sell(s) THB 121 mn HOTPOT – Looks like there may have been a share swap amongst the shareholders MEGA – Since the day this company IPO’ed management or key directors have always been selling, its only the […]

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  BGRIM BGRIM is expanding its investment in CLMV; it set up two subsidiaries in Cambodia for the power plant and transmission wire business. It expects to sign an MOU for a project in Vietnam in 1Q18 and expects a project in Malaysia to be finalized in 3Q18. (Thun Hoon, 26/1/18) Comment: Out of all […]

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CPF CPF expects 2017 sales of Bt56.74bn or 13% growth, after 1H17 earnings grew 11%YoY. It recently launched new ads to attract the new generation. (Khao Hoon, 6/9/17) KSL KSL to join SPP Hybrid Firm bidding. The project capacity is 20MW. It expects to book extra revenue in 4Q17 from its joint venture with BCP. […]

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ATP30 ATP30 expects 2Q17 earnings to be better than 1Q17 as it will book revenue from major clients. It is talking with 2-3 clients in an IE in the northeast and expects to benefit from EEC. Revenue growth in 2017 is expected to hit target of 15%. It is budgeting Bt120mn to buy 30 new […]

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