AEONTS reported 3Q22np (end of Nov 30,22) at Bt1.42b, +35% yoy, topped Bt984m consensus, new loans 3Q22 +17% yoy, lifted 9M +29% yoy, recovery consumption & tourism boosted card spending. Comment: Just fantastic numbers. BCP board approves plan to take over ESSO, pending shareholder approval, pushing refinery output to 250K bbl/day and maintaining #2 retailer […]
Read More →Notable Transactions Buy(s) THB 294 mn Sell(s) THB 283 mn
Read More →ADVANC mulls collaboration with KTB to launch Virtual Bank, to capitalize on its >50 customer bases. Comment: So they no longer partner with SCB that always wants to go alone and if they work with KTB and get access to the Pao-tang app, then well, game over for every other player. BAY’s consumer credit unit, […]
Read More →DITTO board approved jv with TEAMG & Wong Siam to expand water management business. Comment: Not sure how this relates to their existing business model. EGCO to acquire 49% stake in 609mw gas-fired power plants in Rhode Island, Cogentrix RISEC Holding, to strengthen presence in the U.S., transaction to be completed in 1Q23. NRF cod-ed […]
Read More →BBL: credit cost is expected to descending lower from 4Q22 after set aside LLP in 2/3Q to tackle headwinds, NIM expansion from rate hike & repriced overseas loans able to offset soften fees & non-NII, 240% NPL coverage eo-3Q, CAR 18.2%, T1 15% reassure financial health. Comment: If you want a pure corporate play, it’s […]
Read More →ADVANC: 3Qnp at Bt 6.03b -5.4% yoy; missed Bt 6.42b consensus, core service revenue +1% yoy; -0.5% qoq as inflation eroded purchasing power on price sensitive mobile users. Comment: Far better than DTAC & TRUE…for now… CAZ: awarded 2 construction contracts total Bt 143m. IVL: joins bidding race against Bain Capital & CVC for PET […]
Read More →AOT: sees no impact if Treasury department decides to scrap 50% land rent discount at 6 airports from next year as remedy package for duty free shop, tenants & airlines also coming to an end at eo-FY23, higher international arrivals, recovery aero & non-aero revenue > rescue package. MAKRO: launched mini mart platform, BuddyMart, aims […]
Read More →AS’s 2 major holders sell 73.72m shares (15.7% of total outstanding) and up to 33.83m units of AS-W2 to SABUY, expects synergy from digital ecosystem, blockchain and e-payment service while SABUY can access new clients from AS’s 100m mobile gamers account. Comment: It’s very interesting watching SABUY work. I think this has been a great […]
Read More →AP reported 7M22 sales at Bt29.96b, account for 60% of Bt50b residential sales target, 3Q momentum remained strong from completion of 2 condos Rhythm Ekamai Estate & Life Sathorn Siera, current backlog Bt33.63b ensure earnings visibility, firms on Bt47b FY revenue target. Comment: More market share for the big boys. COTTO expects 2H turnaround from […]
Read More →AEONTS’s 1Q23np (end of May) at Bt1.11b, -3% yoy, il/w Bt1.03b consensus. BIZ in talk partner to invest in hospital business, aims to diversify earnings from med supplies, cancer radiosurgery system, disinfection & unmanned delivery robot business. CPALL signed Lisa Blackpink as brand ambassador, citing The Standard Wealth. Comment: I suppose this is positive? DTAC’s […]
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