ASAP expects windfall from domestic tourism stimulus package, will add 2k vehicles to replace outgoing fleets to used car portfolio. Comment: Sure it will help some, but at the end of the day, international tourists are a significant portion of rentals. JKN raises capex for new contents to Bt1b from Bt800m, on strong prospects for […]

Read More →

BAFS branches out from jets refueling to power business on risk diversification plan, expects to wrap up M&A 20mw powerplants in 2H. BAM said to miss revenue target by 15% this year due to outbreak, mullsBt25b bond for expansion. GUNKUL upbeats outlook from 638mw PPA on hand (cod-ed 437mw), expects to win additional EPC contract […]

Read More →

ANAN only able to sell Bt1.169b CD out of Bt4b offering in March 30-April 1, NOBLE sold only Bt480m from Bt1.5b CD offering in April 20-22. Comment: And this is even with the BOT backstopping things? AOT said cannot be part of THAI’s rescue plan, in breach of ICAO principle. Comment: But the rumour mill […]

Read More →

AMATA sees solid 4Q after closing deal to sell 200 rai of land, but admitting FY19 land sales will miss. Comment: And Vietnam isn’t performing either, infact nothing has performed for AMATA despite the share price increase over the past 3 years CENTEL: Centara Grand hotel at Central World kick-off food delivery service via Grab […]

Read More →

Notable Transactions Buy(s) THB CGH – A trade between two family members PF – The CEO buys 1% of shares MTC – Director buys a decent size of MTC. PSTC – The CEO buys a decent chunk SPALI – The owners are buying shares, so no real estate crisis? Sell(s) THB CGH – See above

Read More →

New Energy minister, Sontirat Sontijirawong, to review 2018 PDP on 1st day in the office, following objection by the ombudsman that EGAT’s 2018 PDP allowed private power co, to shr role of producing electricity after which state’s contribution was cut to <50%, violating national security. GULF likely impact the most as its 100% private owned […]

Read More →

AOT to seek board approval for TOR of Suvarnabhumi’s 3rd runway in Jul, seeks new govt to approve its Bt202 development plan, including in new airports in Phuket and Chiang Mai.Comment: I’m not holding my breathe whilst waiting for this to go through DELTA may see 2Q FX losses from strong THB. Comment: All of […]

Read More →

EGCO starts EIA on project to develop land in Rayong PP into industrial estate to cater for EEC investment. PF reports Bt5b sales 4M19 from 3 new launch SDH projects, will launch additional 14 pj in 2H (1 condo, 13 SDH), focus mid & high-end segment, maintain Bt19b full year target, Bt5b out of Bt6b […]

Read More →

SAMART set a revenue target of Bt20b for this year, 30-40% rise yoy. Comment: Seeing is believing CHG sees higher traffic from fine-dust particles related, sets 10-15% revenue growth target this year, mulls cancer medical center for social security patients. Comment: Shouldn’t every hospital benefit? LH’s firm on Bt33b presales target this year, to launch 6 new projects […]

Read More →

AH AH expects 2H18 revenue to be outstanding, supported by automotive demand growth. It expects 2018 revenue to reach its target. (Thun Hoon, 27/9/18) AOT AOT is asking for approval of a Bt7bn budget for three investment projects. Nitinai Sirismatthakarn, the President, said the second phase expansion of Suvarnabhumi has progressed and the design contract […]

Read More →