Momentum  This is still a thought in progress, thus excuse the usual typos/grammatical errors etc etc … but the idea of momentum (effectively I’m thinking of a derivative of Soros’ Theory of reflexivity) is an interesting phenomenon. There is something to be said about the nature of momentum for a company’s business and thus its […]

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AOT AOT Passenger growth of 9.88% in 8MFY18. AOT said passengers in the six airports that it operates rose to 95.54mn or 9.88% in 8MFY18. Lead tourists were from China, South Korea, Japan, India and Russia. (Thun Hoon, 29/6/18) CHOW CHOW signs MoU with photovoltaic manufacturer. CHOW notified the SET that on June 27, 2018, […]

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AEONTS AEONTS’s loan growth improved YoY, backed by its strong credit card business. It expects the revived economy to enhance the ability for debt repayment, controlling NPLs to 2.35%. (Thun Hoon, 21/6/18) Comment: So all the news last year about the BOT limiting the customer types that can receive credit cards has had no impact […]

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ANAN ANAN announced that it transferred Asthon Asoke to on June 15, 2018 after Bangkok Metropolitan Administration (BMA) issued a building permit to ANAN. However, Srisuwan said that the condo buyers will take a risk as there is a lawsuit against BMA and MRT at the Administrative Court on which no judgement has been made. […]

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AOT AOT is expanding its airports in Chiang Mai and Phuket with a budget of Bt120bn to support rising traffic, both domestic and overseas. (Thun Hoon, 28/5/18) BAY BAY management said that SME loans grew nicely at 2-3% YoY in 4M18 and is maintaining its fullyear target growth of 11%. Bad debts will be controlled […]

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B B will focus more on business restructuring to emphasize its logistics segment to accommodate rising e-commerce. The company targets to double revenue YoY in 2018, from Bt125.64mn in 2017 and expects to record some profit vs. net loss in 2017. It will reduce the proportion of customers in heavy industry from 90% currently to […]

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EA TRIS Ratings revised up credit rating of EA to A- from BBB+, with stable outlook. It says core fundamentals are strong and it has high cash with production capacity of 664 MW. (Khao Hoon, 10/4/18) Comments: And yet the price continues to collapse, why? Without the upside impact of the battery tech it’s worth […]

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AOT AOT expects its six airports to have 17,550 flights during Songkran, +11.9%YoY, with total passengers of 3.01mn, +14.4%YoY. It plans to draw up a TOR for an auction for the commercial area in Suvarnabhumi airport. It plans to select a winner this year. (Thun Hoon, 9/4/18) Comment: Still one of the best performing industries […]

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ARROW ARROW expects to receive many mega projects and will double production capacity of electricity conduits to support upcoming government projects. It targets 2018 revenue to grow by at least 10-20% to Bt1.6bn and to maintain margin at 25-30%. It currently has backlog of Bt960mn. (Thun Hoon, 15/03/18) Comment: Well we’ve been waiting to see […]

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AIT AIT targets 2018 revenue of Bt6bn, growing 20%, backed by its current backlog of Bt2.593bn, which will be booked as revenue. It reported 2017 earnings of Bt431.1mn and announced a dividend on 2H17 of Bt1.4/share, XD on 20 April 2018 . (Thun Hoon, 19/02/18) Comment: And is this the turning point for the industry? […]

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