AMATA: in talk jv Korea Land & Housing Corp to develop Korean Smart City Zone in Chonburi province, plan to apply BOI to recover investment incentives, including an 8 year corporate income tax exemption. Comment: EEC hasn’t really gone anywhere due to delays and the usual government fumbling, and so IE’s are having to figure […]
Read More →Well that was a fun day watching the news of DTAC and TRUE finally hit the wires properly. After nearly 6 months of going back and forth it’s effectively confirmed. Here’s a thread I put out since Friday til this morning Now for the Thai market overall. It looks like the 3 big sectors that […]
Read More →Notable Transactions Buy(s) THB 242 mn TTA – Well that’s a positive sign, the owner/ceo buys up some THB 70mn of shares SABUY – And they’re still buying Sell(s) THB 283 mn PRIME – The Chairman/MD dumps to…? CMO – Looks like there’s a big change in shareholders happening here. LEO – The CEO dumps […]
Read More →Central bank expects spike in NPLs: BoT anticipates bad loans will be contained under banking sector’s strong risk management. The Bank of Thailand (BoT) expects higher non-performing loans (NPLs) in the local banking system after banks relaxed debt assistance measures, but the bad loans are expected to be contained under the strong risk management of […]
Read More →Thai AirAsia (TAA) has announced mass layoffs, extended furloughs, and cut its fleet by 10% after struggling with the impact of the pandemic, despite the country’s reopening on Nov 1 Comment: And just after they said expected a full recovery BA will reduce fleets size to 35 aircrafts next year from current 38, return additional […]
Read More →CPN’s Bt6.2b 160k sq.m. mall projects, Central Ayudhaya, on track to cod on Nov 30, SF share purchase now exceeded 96% expects to complete by end of year. Comment: Cookie Munster of Retail nom nom nom MINT sees recovery next year, on better prospect of tourism industry, sets Bt6,500m capex. SEAFCO reaffirms 4Q turnaround on […]
Read More →ACG to open Fast-Fit auto maintained garage in BKK at end of November, plans to add 12 branches next year tally total to 18, sees benefits from low capex requirement, fast turnover, healthy margins. AOT targets 483k flights, 62.13m passengers arrival for FY22, sees upside potential on aircrafts movement as China will host Asian games […]
Read More →Thai AirAsia (TAA) predicts full recovery for Thai tourism in the next 2 years as international borders will gradually be opened by next year, while passenger traffic has yet to resume despite the country’s reopening on November 1. Comment: Depends upon the definition of a full recovery. But w/o a doubt I still think tourism […]
Read More →ASIAN: maintained 10% FT21 revenue growth target >Bt9.4b, supported by Pet food & frozen food export sales volume as demand grows on improved purchasing power, mulls listing canned tuna & fish meal producer subsidiary, Asian Alliance (AAI), on SET next year. CENTEL sees FY22 EBITDA turns positive supported by recovery F&B operation, expects hotel RevPar […]
Read More →Earnings season over by tomorrow, lots of positive surprises in the IT, bank and property sectors. Expect a post on this by the end of the week. Market wise – protests over the weekend with another protestor shot – but not killed, therefore nothing negative. It’s still a risk in the back of my mind…a […]
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