Market research on Thai Stocks in the SET Index
BCP: subsidiary, OKEA ASA, completed 3 O&G fields transfer from Norway O&G operator, Wintershall Dea, will realize revenue from November 1. Comment: Not sure on the pricing, but it’s going to be a great few years for O&G (main risk is if the american government allows o&g firms to start drilling again….) BH: cod-ed corneal […]
Read More →AAI: ASIAN’s pet food unit, Asian Alliance International, debut IPO 637.5m shares at Bt 5.55 apiece, Tisco & UOBKH joint-leads. Comment: And that’s how you do an IPO pump. BBL: expects FY22 loan growth near double digits vs 4-6% previous projection, target 2-4.5% for FY23 (1-1.5x of FY23F GDP growth), NPL & provision likely to […]
Read More →Inflation/supply chain A silly analogy however every once in a while Ill enjoy an overpriced (but fantastic) coffee for 120 baht. Recently the price has increased to 140, why? According to the staff it’s because finding fresh cow milk is harder than before. This doesn’t apply just to them, the average coffee that I buy […]
Read More →AWC: sees YTD avg room rate about Bt 5k/room/night vs Bt 4.2k FY19, avg OCC double to 60% vs 30% during the peak of outbreak, APEC meeting in BKK bolster demand & reservations. Comment: All of my friends have been commenting that hotels in Thailand have become stupidly expensive, and why not? The competition is […]
Read More →*It’s earnings season….nothing major should happen until the 3rd week of Nov Notable Transactions Buy(s) THB 3 mn N/a Sell(s) THB 1.8 mn N/a
Read More →Week 24/10 – 28/10dgc.vn, msn.vn, pc1.vn, tcb.vn , vic.vn, vjc.vn, vhm.vn Company NewsDGC VN: announced its business plan for Q4 with total consolidated revenue of VND3,299 bn (-5% YoY), PAT of VND1,100 bn (-21% YoY). Comment: They’ve had a good run in the past 2 years purely due to the commodity price rises. Granted its […]
Read More →AOT: sees no impact if Treasury department decides to scrap 50% land rent discount at 6 airports from next year as remedy package for duty free shop, tenants & airlines also coming to an end at eo-FY23, higher international arrivals, recovery aero & non-aero revenue > rescue package. MAKRO: launched mini mart platform, BuddyMart, aims […]
Read More →AOT: Treasury department mulls scrap 50% land rent discount at 6 airports next year as Covid situation eased. Comment: Tourism figures are still -50% of pre wuflu, but the share price is already near the 2019 peak. Well ok…granted I do still think TH will back to those high travel figures within the next 6-12 […]
Read More →ADVANC: mulls propose JAS to buys JASIF at lower than Bt 8.5/unit in exchange of keeping rental guarantee payment of fiber network by Tripple T Broadband, tabloid. Comment: Well that’s amusing. It’s just an IRR calculation atm. ASAP: expects windfall from an upcoming domestic travel stimulus, revamp fleets to accommodate car rent demand upcoming holiday […]
Read More →B: debut automated EV at smart warehouse, upbeat outlook from higher productivity, lower energy & labor costs. Comment: The issue with this is that you need SIZE, unless it’s a massive warehouse, there is no scale factor. COM7, DELTA and RATCH are among top candidates to be added into SET50 for 1H23, tabloid. CSS-PG Electric-PMC […]
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