Note: It still seems to be an incredibly quiet news period. PTTGC t/g chem sales +7-10% yoy on shorter period of maintain shutdown, higher contribution from Allnex on improved demand for coating for auto, metal and packaging, sees FY PE spread higher yoy, set US$150m FY24 capex to increase proportion of HVA products. Comment: Yawnzz […]

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AOT’s 3rd runway on track to cod in July, adding more automatic channel (e-passport reader) to enhance convenience, mulls expand SIA & DMK airports capacity to handle 140m travelers p.a., expects to sell TOR by end of year. CP Group plans to slow its investment this year, eager to harvest its outlays from recent years, […]

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MASTER sets Bt1.2b capex for 6 investment projects, aiming to become #1 in specialized healthcare service, for gradual revenue recognition from early next year. Comment: So at one point we are going to have to look at this company as a what? A specialised healthcare and aesthetics company? MEGA eyes 5-10% FY24 sales growth target […]

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BGRIM inked deal Petronas Lubricant Int’l to jointly expand market in TH, explore energy solution in Thailand & Southeast Asia. CPN upbeats earnings visibility from project in the pipeline pending to cod, new malls & expansion of non-retail to be growth drive, Central Westville on track to cod next week (Nov 29), Central Nakhonsawan mall […]

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Further delay to ADVANC’s takeover bid of 3BB is expected after NBTC’s sub committee tasked with scrutinizing the economic impact of the deal has asked NBTC board to extend its working timeline for another 60 days. Comment: Translation “We’ve been spending taxpayer money going on holiday in Europe with our families and forgot to do […]

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BTS: begins trial run of 34.5km MRT pink line (30 stations), t/g cod in Nov. Comment: This won’t add much to BTS’s bottom line nor value directly, however take into account that they’ll now own the skies around Bangkok and then what can the BMA do? They’ll have no choice but to extend to the […]

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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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CHASE: distressed assets management, a subsidiary of RS, Chase Asia, debut IPO 562m shares at Bt2.9 apiece, ASP, KSEC, UOBKH & Yuanta joint leads. Comment: According to my friends in the industry, this is a POS. Put together by RS and friends just to IPO a few years ago. They haven’t been seen at any […]

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ALL will make partial payment of bond interest due, account for 20% of interest amount due on Monday to avoid default. Comment: They are bankrupt, this is just technical bs BAFS reaffirms big jump this year from strong jet refueling service rev on improved traffic, sees positive momentum carry thru 2Q on tight summer flight […]

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ASAP upbeat 3Q earnings from recovery demand for car rental from domestic air fare stimulus, improved used cars sales, will purge 1k used vehicles in 4Q, firms on Bt4b FY revenue target. IIG firms on 30-38% revenue growth target this year to Bt900-950m, on higher contracts and expansions into ASEAN, especially VN and Indo. Comment: […]

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