Time for some rants and random thoughts. Disjointed spending If you’ve been walking around the 3S’s (that’s my acronym for sukhumvit, silom and sathorn) during Wednesday-Friday this week (a few weeks ago) you’d think that Bangkok is dead quiet and that there is no economic activity occurring. This just led to me thinking that we’re […]
Read More →BJC: sets Bt 1.6b capex to up capacity of tissue & personal care products, revamp warehouse automation to save costs. Comment: I still wonder how much shrinkflation can help companies such as BJC show earnings growth. CKP: reaffirms solid 2Q from strong flow rate at Xayaburi hydro pp, higher equity income yoy after raised holding […]
Read More →AP: reported 1H22 pre-sales at Bt 20.57b +25% yoy account for 54% of Bt 38b FY target, maintaining launch plan 18 SDH projects in 2H total Bt 24b, focus on bird nest family & upmarket. GFPT: anticipates wider margins in 2H supported by lower feed mill cost & easing freight rate; inverse with poultry selling […]
Read More →AOT: British Airways extend direct flights suspension of BKK-Heathrow route from Oct22 till Mar 23; THAI & EVA are 2 carriers offering direct flights service. Comment: # of planes in the air need to ramp up faster for a quicker recovery. Regardless, visitor numbers are going to reach 1 mn this month. BAM: to wrap […]
Read More →Throw in the nearly -10% decline in the THB this year and the SET is down -16%. All the short term traders/investors are waiting for Wednesday night’s Fed speech – no idea why, rates are going up…and Thailand has ANOTHER 2 public holidays on thurs/fri. So it’s going to be a quiet week.
Read More →Notable Transactions Buy(s) THB 60 mn JMART – The son is still buying up shares. Sell(s) THB 13 mn N/a
Read More →Minnows to aid PPRP at poll: Small parties can help it bag list seats and counteract unfriendly seat calculation method. All eyes are on two small parties which are expected to help the ruling Palang Pracharath Party (PPRP) secure party-list seats and counteract a new method of calculating the seats seen to favour small parties […]
Read More →BANPU in collab with SG partner Durapower & TH largest bus manufacturer, Cherdchai Motors sales to establish battery assembly plant in Nakhon Ratchasima province, target cod 1H23, aims to boost capacity to 1GWh by eo-FY26. Comment: I just wonder where they’ll source the raw materials for this to ensure competitive pricing? BEM’s retail subsidiary, BKK […]
Read More →BEM expects daily avg FY22 MRT riderships within 300k-400k trips/day, above 200k avg FY21, sees Jul Blue line ridership at 320k trips/day, account for 80% of pre-Covid level while avg tollway traffic stands at 1m trips/day account for 85% of pre-Covid. Comment: Is the -15% drop due to the number of entities shut down? Or […]
Read More →BA to launch Bt14.3b BAREIT, offering 1st year yield at 8.46% with Samui Airport as main asset, and plan to add on airports in Trad, Sukhothai and oversea airports. Comment: The samui airport is just a license to print money for this family. I’d argue it has limited the development of Samui. BYD sees return […]
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