AH anticipates positive earnings momentum continue next year driven by robust growth from EV parts orders, contribution from subsidiary (Able EV), Changan dealership business.

Comment: Still find it ridiculous that Thailand is going down this EV route. I’ll happily bet that Hydrogen>EV in the next decade.

ANI: freight forwarder, Asia Network International, major holding by 3 listed co., (III, SJWD & SKY), debuts IPO 554.74m shares at Bt5.25 apiece, UOBKH leads.

Comment: Good pump, IPO’ed at a decent valuation (for a first in a long time) and a positive market helped.

ASEFA maintains 10-15% full year revenue growth target supported by Bt2b EPC backlog pending to realize, contribution from recent M&A transformer repairing & maintenance service (U-Services), expects growth continue next year on surged demand for power distribution for data center & EV infra expansion, tighten cost control to boost margin.

BKI targets growing premiums by 8-10% to Bt32.5b in 2024 with Bt3b net profit, on improving economy.

CPF will sell 4 loss making Chinese poultry units to affiliated company, Chia Tai CP and could book Bt3bn in extra gains in 4Q23F.

Comment: Remember what I said about CP having to sell private co’s?

CPN targets 14-16% CAGR over next 5 years driven by malls & mixed-use project expansion, aims to add 100k sq.m lettable area p.a., 3 malls in Nakhonsawan, Nakornpanhom & Krabi & 2 hotels (Centara One Rayong & Dusit Central Park) on track to cod next year.

DELTA and INTUCH are expected to remain in SET50 for 1H24 if SET adjusts turnover ratio down to 1.5% from current 2%, to be announced tomorrow, said a broker.

Comment: The SET should be taken out back and slapped a million times over if they allow both these names to remain in the SET50…then again they may enjoy the slapping…

KBANK’s private banking arm believes that Thai money overseas (esp. deposits) will see increased repatriation ahead of the overseas income taxation.

Comment: I’m not sure…that was one thesis we had, though in reality those with the serious $$$ will just keep their capital offshore and there are already several ways to bring $ back in or spend in Thailand without having to pay any tax.

KTC targets FY24 card spending +15% yoy, P-loan & auto title loan +5% yoy, expects interest revenue shrink by Bt18m/month if debtors decided to close account to join government debt clinic for LT debt conversion programme, improved assets quality curb downside.

MASTER’s firm on target to become #1 in specialized healthcare services, focusing on M&P and target move from MAI to SET next year.

Comment: A royal pump

MINT to complete refurbish & rebranding 152 guestrooms hotel in Austria, Palais Hansen Kempinski, to Anantara Palais Hansen Vienna in 1Q24, target cod in Mar 24.

Comment: They need to figure out their balance sheet…

MGI: organizer of Miss Grand Thailand & Miss Grand International pageants debut IPO 60m shares at Bt4.95 apiece, ASL Securities leads.

Comment: The domestic version of Miss Universe, and similar to ANI, IPO’ed at 11x PE hence the great pump.

RATCH to expand business in Australia, Vietnam, Philippines, which all support renewable energy development.

SABUY says that there is naked shorting on its stock as it ‘closes’ its shareholding list and sees irregularity over 30m of its shares held by a single investor.

Comment: Oh ffs, in the case of SABUY – I’d happily bet it’s due to their $hit performance on the business front and the fact that they don’t have any real business and that it’s a fake “company” that is doesn’t have any real business and simply raised capital to invest into other $hitco’s and sold a bs story to the market. But there was definitely naked shorting happening on at least 3 companies, and fine I didn’t pay attention to SABUY’s shares bid/offers during October. So maybe….But I just had to rant…

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