AH sees solid 2Q on recovering auto industry, momentum into 2H, boosting revenue this year >Bt21b, mulls new MG showroom in Prathum later this year. Comment: A call with the owner said that the Just-in-time processes remain the target. AP sees record 1H21 on rising demand for horizontal projects, expecting Bt20,000m in transfers, Bt17,817m pre-sales […]
Read More →AAV to suspend all domestic flights from July 12-31, while BA cancelled 5 domestic routes from July 13-31. Comment: Well that’s amusing….government has done a great job at killing demand (and local businesses) AOT extends 50% cut in landing and parking for airlines until September. BJC upbeats 2H earnings from health care division from strong […]
Read More →The Giants keep growing their market share, CPN has acquired SF from MAJOR. The other giants are letting their competition go bankrupt (hotels and F&B are an easy example of this). Market wise – It’s driven by Covid Politics for the rest of the month. Earnings season has started, so you’ll see less buying/selling by […]
Read More →Notable Transactions Buy(s) THB 128 mn TMT – The CEO buys a chunk of shares. Sell(s) THB 174 mn NCL – The CEO sells ~7% of the shares.
Read More →Govt lambastes US for TIP downgrade: The government has expressed disappointment and criticised the United States’ decision to downgrade Thailand in its annual worldwide human trafficking report. Bangkok Post State Railway to sell bidding envelope for Bt78b Southern Purple Line, 6 contracts in total, from 5-7 Oct. CK, STEC, UNIQ, and ITD are expected to […]
Read More →ASIAN sees positive sales momentum continue 2H from ready-meal, frozen foods & pet foods exports, higher THB revenue from weak currency & contribution of exports (75% to total sales), frozen fried foods production line cod 3Q21, additional capacity from pet food cod 1Q22, mulls tapping in EU market, target FY21 revenue growth >10% above Bt9.5b. […]
Read More →BCH said 9k out of 10k beds filled as cases jump, expects positive momentum carry thru 2H on arrival of Delta & Lambda variants, in talk insurers to cover those self-quarantine/non-healthcare setting as beds filled. Comment: We’re going through the whole alphabet for the wuflu. Hospitals will peak with 2Q earnings. CPW upbeats 2H earnings […]
Read More →APCO kick-off exports cancer treatment products to Chinese partner in July, will add more anti-aging & slimming products on line-up in 3Q, mulls expand capacity as average order from China > 1 ton/month. Comment: Their business model is to peddle rubbish “health” products via MLMs. BGRIM sets Bt300b 10-year capex to boost capacity to 10,000 […]
Read More →AEONTS reports 1Q22 net profit (end of May21) at Bt1.149b, +117%, topline -11% yoy from shrinking card spending from Covid impact & new loan suspension at Aeonts Micro finance (Myanmar) since February 1, lower LLP yoy, recovery on doubtful account and costs control provided cushion. Comment: Given the high debt levels in Thailand, a friend […]
Read More →AKR will bid for govt infra procurement projects total Bt3b in 2H, aims to secure at least 10% of total bidding, sees demand for transformer remained strong from powerplants expansion, Bt300m backlog to realize this year. BBL’s accelerating NPA sales to tackle NPLs in 2H. Comment: BBL’s senior management doesn’t bother to get onto Zoom […]
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