AU sees solid 2Q from positive SSSG and newly added 10 branches in the quarter, will debut franchise network in HK in 2H, expects better earnings from recognition of initial fee, royalty fee and ingredients order from company, eyes 15% revenue growth target. Comment: They knocked 1Q19 earnings out of the park! DTAC appears uninterested […]

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And so 1Q19 #’s are continuously coming out, things are still looking average out there and whilst the markets are praying for a relief on the US China issues we don’t have the same valuation margin of safety that existed back in December. It’s going to be an iffy period…oh plus there’s politics in Thailand […]

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ALLA expects strong machineries sales 2Q from small & SME segment aft appointed by YALE to be sole distributor of crane & hoist in TH, automated warehouse projects for CPALL to deliver in 2Q, chem complex projects bidding result out 3Q. BCP mulls listing of OKEA in Norwegian Exchange in 2Q, raising funds for exploration […]

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It’s going to be wild ride for equities in the emerging markets this month and in August. Why? China’s equity weighting within the MSCI Emerging Markets indices will be increasing from 5% to 20%. Source: MSCI What it was only 5% in the past? Yes, according to MSCI “The 5% initial inclusion of China A […]

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Rebound in Chinese tourists lifts airport passenger numbers : The number of passengers travelling through the six airports run by Airports of Thailand (AOT) reached 38 million in the first quarter this year, up 4.49 per cent over the same quarter last year and largely driven by a rebound of Chinese arrivals, according to the […]

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The Int’l Finance Corp (IFC) will work with AMATA, a provider of smart cities and industrial zones, to develop sustainability pjs in Thailand and the broader Mekong region. Comment: I still have question marks over AMATA and the EEC story. It isn’t happening unless the PPRP can force it through a weak coalition government AYUD: […]

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AIMIRT to buy 4 assets combined worth Bt4.3b including JWD cold storage, TIP cargo warehouse, Siam Chem’s chemical storage and cargo warehouse in Bangkradi Industrial Estates Comment: JWD has a great story, the question is valuation. AOT said repair at Suvarnabhumi’s East runway had been completed. ERW expects earnings momentum remain strong thru 3Q from […]

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BA has named South Korea’s Lotte as its partner to vie for concessions to operate duty-free shops at BKK’s main airport and 3 regional ones. Comment: Lotte has been vying for a spot in Thailands duty free market for years just look @ the mall they invested in next to RCA BGRIM sees erngs bottom […]

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AOT said passengers thru its six airports reached 38m in 1Q19, +4.49% yoy, largely driven by a rebound of Chinese arrivals. Foreigners travelers 23.194m +5.3%, domestic passenger 15.539m -1.2% yoy. Comment: Just wait for next year’s numbers, I wouldn’t be surprised to see another +20% jump in Chinese tourists AU target 15% revenue growth this […]

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