CHO sets Bt1-1.5b revenue target this year, returning to profit in 3Q23, supported by Bt800m revenue from SPAC and Bt90m/Q revenue from hemp related business, and Bt1.3b backlog from BMTA bus maintenance contract, realizing over 5-year. Comment: I do like the business model here, as it’s a simple cf spread, but I don’t like the […]

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Anyone else noticed that the Thai baht is back to 32? Easiest 4 month return in USD terms…and this applies to practically all Asian currencies. All it took was for the Chinese to come out of their lockdowns and be allowed to fly – by year end the country will be fully back to pre-covid […]

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