ThaiCapitalist research
AH anticipates positive momentum carry thru 2H from strong parts order from domestic & oversea clients, higher utilization rate yoy, target margins within 10-12%, aims to catch ride on EV boom via MG car dealership business. Comment: Look at the leasing companies in EU and the US. They retired their fleets last year due to […]
Read More →BCPG’s firm on 30-40% EBITDA growth this year, supported by recognition of 11MW in Thailand and 3 projects with 65MW capacity, to gradually COD from 4Q21, sets Bt18b capex. CPF board approved disposal of fresh foods retail & distribution business to Ek-Chai (Lotus) for Bt861.6m. Comment: This is one to extract cash from a recently […]
Read More →ASAP in talk M&A insurance broker, seeks to branch out from car rent, used cars sales business, launches mobile app penetrate individual clients, target 100k users by end of year. Comment: I am curious to see where this fellow takes his company. I enjoyed talking with him years ago. One of the few people that […]
Read More →It’s going to be an interesting period. Reopening themes will return stronger Commodities may still continue their run Bad debt is going through the roof, this latest wave was a proper nail in the coffin to the last standing few, that haven’t adjusted their business models. Anyone else notice the strong performance of the MAI […]
Read More →Notable Transactions Buy(s) THB 22 mn N/A Sell(s) THB 420 mn III – Major shareholders sold a combined ~6.5% at 8/share (discount of -12%), wonder who this new buyer is. This is one of the company’s benefiting from the supply-chain issues.
Read More →Emergency extended; curbs until end of July: The state of emergency has been extended for another two months to bring the current Covid-19 outbreak under control, according to the Centre for Covid-19 Situation Administration. Bangkok Post Testing the stagflation waters: A combination of sluggish economic growth, relatively high unemployment and a worrying inflation figure may […]
Read More →CPN firms on plan to open Central Plaza Ayudhaya & Sriracha in 2H, target completions of Dusit Central Park in FY24, 9.2 acres mixed-use projects under JV Hong Kong Land by FY26, will finalize plan to estimate mall in Vietnam before end of year. Comment: Still the best mall operator in the country by a […]
Read More →BCH’s confident covid tests could reach 500K in 2Q, after 300K tested in April-May, vs 390K in 1Q, while the country’s doubling of Moderna quota to 10m doses should also help boost 3Q earnings. Comment: And they are increasing the fee’s for the COVID patients. CCET to temporary halt operations at Petchaburi plant from May […]
Read More →And here you go: SET earnings +130% YoY, +47% QoQ MAI +351% YoY, +49% QoQ Quick comments: I could be an idiot and value the SET and MAI on a PEG basis, but let’s leave that to the sell-side analysts. Look at Energy & utilities + petro 38% of the SET’s earnings, turned around from […]
Read More →AOT’s Bt41b passenger terminal (north expansion) gets greenlight from Deputy PM yesterday, as well as Bt7.8b (east expansion), with constructions start Jan 23 and April 22 respectively. Comment: The valuation of AOT still makes no sense. But c’est la vie. CK secured Bt5b water transmission tunnel, to official sign Bt47b dual-tracked Denchai-Chiangrai contract, boosting FY21 […]
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