BPP buys 33.5% stake in 543mw Nakoso Integrated Gasification Combined Cycle (IGCC) powerplants for US$80m, deal to complete by end of April. CPF opens 2 new Chester grill restaurants, Lak-si and Bang-na, and launches chicken New Orleans new menu, on track to open 10 this year. OR extend land lease contract at Khlongtoey pier central […]

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7UP sees rising water sales in Phuket, after Provincial Waterworks Authority cancelled 7 contracts with 7 private firms with 18K m3/day contracts, while water treatment contract with CPF sees solid growth, firm on 50% revenue growth this year. BJC launches BIGC vending machines, target factory workers, industrial estates, hospitals. CHAYO target FY21 revenue growth >25% […]

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AEONTS, VGI, and HUMAN in JV to set up Rabbit Cash, Bt800m registered cap, to expand digital lending platform, including nano finance, by capping interest rate at 15% max. Comment: Love this move by VGI, that damn rabbit card is immensely valuable and now they’ve figured out the partners to use utilise their distribution network. […]

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CHEWA upbeats 1Q earnings from strong transfer of home office projects, Hallmark Ladprao, sees recovery demand from SMEs clients, Bt1.61b out of Bt2.17b backlog to realize this year, firms on 50% FY21 revenue growth target above Bt2.5b. Comment: Basically has gone nowhere. CHO rolls out prototype of 2nd gen EV London Taxi, will official debut […]

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Over the last 12 months, everyone made a killing. I’ve been thinking more about the next 12-18 months and wondering 1) Rates move = banks earnings coming back therefore ROE improvement despite the dead economy 2) The bigger get bigger (ranted on this enough times) 3) Commodities on a multi-year uptrend cycle (does this then […]

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Notable Transactions Buy(s) THB 135 mn NEX – EA buying into NEX, so the CFO of EA takes a position for himself. SICT – The deputy CEO buys THB 24 mn Sell(s) THB 219 mn SICT – The CEO dumps THB 28 mn (odd when seeing the above) PLANET – So the CEO and CTO […]

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SSO is tightening policies on investing in corporate bonds following LPN, BAFS, BEC and AAV credit downgrade, raises overseas investment to 30% from current 15% to diversify risk. Thailand’s elderly population is growing rapidly. The country is already considered an “ageing” society, meaning 10% is aged 60 and over, and has been since 2005. It […]

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ASIAN sets 8-10% revenue growth target to Bt9.5b, sees strong 1Q on rising exports in frozen pet food, sets Bt500-1,000m to expand production lines and M&A. BGRIM to import 250K ton of LNG in 2H21, supplying 5 SPP Replacement, expecting 10-15% electricity utilization growth this year, target >76MW new capacity this year. CIMBT were pushed […]

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BAFS expects 8% growth in aviation fuel sales, as daily usage recovers, confident latest acquisition of 7 PP from PDI, 36.4MW worth Bt1.39b, would help boost this year revenue up 32%. Comment: This acquisition from PDI just shows that the management of BA doesn’t know what it’s doing. But ok, BAFS’s core business is great […]

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So the 4Q20 #’s were finished a few weeks ago, there’s an excel file link below (only available for a week from posting date) Here are some quick #’s: SET 4Q profit was -31% YoY, +23.7% QoQ, 9M was -50% 3/27 sectors grew YoY & QoQ 119/814 companies (SET & MAI) grew their profits & […]

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