ThaiCapitalist Commentary
ADVANC rpts Bt10.58b 1Q25 NP, +25% yoy, and beats Bt9.82b consensus, while Bt56.31b rev tops Bt54.86b estm, keeps Bt26-27b capex to expand networks. Comment: And you doubted the strength of duopolies and their ability to rip off the consumer for their own benefit. MALEE secured read-to-drink coffee OEM ord frm Nestle (TH), to realize rev […]
Read More →ADVANC’s 1Q25 NP due today, expected to report Bt9.82b bbrg consensus, +16.2% yoy, on stronger core segments, mobile and fixed broadband biz. Comment: No more free coffees and their margins are going higher. Choose which oligarch you want to pay for the right to use a phone, Gulf & friends or CP Group. BGRIM reaffirms […]
Read More →Hey Thailand is recovering!! It’s “only” down -14.7% this year….ffs…. We’re still in the midst of earnings season which finishes on the 15 May. What clever comment could I add today…None I’m stumped. But the LTF selling is gone, everyone’s switching to LTF LGBTQEFG funds. And now with selling pressure gone – is it time […]
Read More →It’s still in the silent period until 15 May. And then let’s see what happens next as for the first time this year Thailand will start working non-stop until the major holidays at year end. Buy(s) THB 26 mn Sell(s) THB 19 mn
Read More →ERW tones down 2Q earnings as OCC drops on quake impact, seasonal effect on low-season. Comment: Every hotel group had immediate cancellations. And that’s when you can decide which names to trade again. And I thought that ERW was “well-diversified” outside of Thailand. NER anticipates robust rubber volume this year as rain arrives sooner than […]
Read More →AOT to lure private sector to develop 46 pieces of land around its 6 airports, covering 2,152 rais or 993 acres to diversify rev mix from the current 55:45 (aero : non-aero) Comment: If they do more shopping malls…it’d be ridiculous. One hopes that they actually develop something that is more outdoor active focused – […]
Read More →PTG keeps FY fuels sales volume growth target at 5-10% yoy driven by retail station expansion, growth from loyalty prog subscribers (PT Max Card) from current 25m, mulls boosting non-oil revenue from Autobacs, Max Mart, Subway to strengthen ecosystem. Comment: The main story here will be the increase in marketing margin as oil prices have […]
Read More →DELTA’s 1Q25 earnings topped, Bt5.49b NP, +27% yoy, vs Bt5.33b estimate, rev Bt42.74b, +13% yoy, vs Bt41.48b estimate, robust growth attributed to accelerating investment trends in AI teaches, alongside ongoing advancements in digital techs and high-performance computing capabilities. Comment: Still knocking it out of the park – I’m just impressed… GLOBAL rpted Bt622m, 1Q25 NP, […]
Read More →Two interesting matters on the technical side of the markets, one DELTA is now going to capped at 10% – which would be amusing if the sector rallies again but the SET is going to be flat because of DELTA being capped; two – LTF selling is done for now as this the period where […]
Read More →