7UP appointed former police commissioner, Somyot Poompanmoung, to be chair of the board, effective March 30. Comment: Oh happy corruption times, what share transfers, business transfer etc etc are we going to see here. HENG target 30% loan growth, Bt12b loanbook target by end of year from Bt9.2b FY21, will add 100 branches to expand […]

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DHC VNKWE Beteiligungen AG bought 420k DHC shares on Mar 28, thus increasing its stake from 13.89% to 14.49% (10.14mn shares). Comment: They make boxes and cartons, think that it’s the VN equivalent of UTP, and they’ve shown the same revenue/profit growth trends. FLC VNFLC Chairman Held by Police for Alleged Stock Manipulation: Police investigation […]

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CIVIL sees higher than expected revenue growth to Bt10b, from Bt6b earlier forecast, and from Bt5b last year, seeing resumption of projects and constructions after 2 year hiatus during covid, eyes participating in bid for Bt14b Kratu-Patong expressway in Phuket. EA to gradually deliver 800 E-bus in 2H22, after acquiring Smart Bus, while setting Bt2b […]

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BGRIM target to wrap up 2-3 oversea PP deals with 100-200MW capacity by eo-1H, in collaboration with TRUE to develop digital innovation for power business, by focusing on commercial buildings and IEs. Comment: The power monster of the region. BH: BBLAM cuts holding by 0.3141% to 4.1736% of total outstanding on March 24. CPF’s exported […]

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AH anticipates solid 1H from strong auto parts orders & MG auto dealership operation thanks to PHEV sales & BEV stimulus, firms on 30% revenue growth target. ASK sees 1Q22 loan growth +20% yoy driven by commercial vehicles hire-purchase, target FY22 new loans >Bt36b-38b, NPLs below 3%, stretch term loan to assist clients. Comment: They […]

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I think in 2 weeks the news about Ukraine and Russia is over. (just the news not the fighting, for that who knows). Brokers are now finally upgrading commodity related names, though at one point perhaps the market will realise that there are genuine supply issues and that this isn’t Russia/Ukraine driven. At one point […]

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Notable Transactions Buy(s) THB 359 mn BTS – The big boss is back to buying his shares SABUY – He continues buying in scale, even though other members of the board and management appear to be selling JMART – And Adisak continues accumulating! Sell(s) THB 354 mn BBIK – An overnight block to institutions.

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When to bring the curtain down: Stakeholders debate merits of deputy pm’s early election talk. Deputy Prime Minister and Palang Pracharath Party (PPRP) leader Prawit Wongsuwon sparked debate over whether the government should call an early House dissolution when he floated the idea that it would be a good time to go the polls after […]

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CPF sets 10% revenue growth target this year from Bt517b last year, to start exporting to Saudi Arabia in 2-3 months, after 5 plants with 7-8K tons got approval from Saudi FDA. NYT sees recovery traffic at RO-RF pier on improving auto EXIM, expects BOI EV incentive boost exports volume. Comment: The volumes from EV […]

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BEM upbeats 1Q earnings from 200k average MRT ridership/day, 1m trips tollway usage/day. CENTEL sees recovery in hotel and F&B business to Bt5.9b and Bt12b to the level seen in 2019, boosted by relaxed PCR rules for tourists starting April 1, and 2 new hotels in Dubai and Samui. Comment: No reason to be surprised, […]

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