AOT to open bid for Bt7,830m East-passenger terminal extension next year, with construction expected to begin soon after. Comment: I’m all for these expansions, Thailand had infrastructure issues dealing with the increase in Chinese tourists leading up to 2019, if we throw in the Indian market, it would be impossible for the travel industry to […]
Read More →AEONTS’s 1Q23np (end of May) at Bt1.11b, -3% yoy, il/w Bt1.03b consensus. BIZ in talk partner to invest in hospital business, aims to diversify earnings from med supplies, cancer radiosurgery system, disinfection & unmanned delivery robot business. CPALL signed Lisa Blackpink as brand ambassador, citing The Standard Wealth. Comment: I suppose this is positive? DTAC’s […]
Read More →BA submitted filing to SEC to establish BA airport leasehold REIT (BAREIT) to invest in its Samui int’l airport, fund size up to Bt14.3b. BANPU invests US$150m in healthcare fund in U.S. as founding partner. Comment: Wait what? Someone go take over BANPU, their capital allocation is frustrating.. BBLAM, who manages JASIF, said ADVANC’s plan […]
Read More →ADVANC buys 3 startup cos (Choco-Datafarm-Switt Dynamics) from INTUCH for Bt239m. Comment: Left pocket right pocket. Perhaps a little 1 time gain to be recognised by INTUCH ASIAN keeps 19% FY22 sales growth target, supported by pet food & frozen food sales, weak THB to boost revenue from exports, sees current margins at 17-18% vs […]
Read More →YTD the market is down -5%, look at the USD/THB, its down -6.9% just in the 2Q alone. Ouch…. So winners? Only the tourism names which includes the hospitals. It’s going to be a rather quiet week, US markets are on holiday, though I have a confused eye on my commodity names. Let’s see…
Read More →Note: It’s entering into blackout season as earnings are 45 days after the end of 2Q. Expect to see few major transactions Notable Transactions Buy(s) THB 332 mn GUNKUL – The founder/chairman has been on a rampage. META – No idea what’s going on here, but its a messy shareholder structure with odd share movements. […]
Read More →Industry upbeat on outlook for H2: Asia-Pacific still lags the globe as travel restrictions take a bite. The aviation industry is finally seeing signs of optimism as it tries to rebound from a major crisis, although the recovery path appears to be uneven across the globe, particularly in Asia-Pacific as a result of remaining restrictions. […]
Read More →AMR sets Bt2b revenue target, supported by Bt2b backlog, and plan to expand motorbike’s battery changer kiosk to 1,000 by end of next year. CHAYO reported Bt1.41b NPL & NPA acquired during 1H22, total distressed assets under management at Bt74.294b eo-1Q (Bt17.34b secured & Bt56.945b unsecured). Comment: Now lets see which bank will partner with […]
Read More →BDMS, who owns 95.76% in SVH, will tender for the remaining 4.24% at Bt480/share and will delist SVH from SET. BEM to hold rate for Blue Line at Bt17-42 until end of year, then raise to Bt17-43, sees no impact. Comment: I have often commented that the MRT in Singapore is cheaper than the subway/skytrains […]
Read More →ACC: purges entire holding in Saraburi Solar (SSL) to PM Energy for Bt 272.1m (2.76m shares @ Bt 98.6), transaction is expected to complete within June. ADVANC may acquire Triple T Broadband (TTTBB) to boost its internet broadband biz and level up with TRUE who is in process of merger with DTAC. TRUE has 4.7m […]
Read More →