AAV predicts the aviation business will return to normal within 3 months on condition that more borders in the region reopen with no quarantine and RT-PCR test required.

Comment: Define “normal” though yes I am of the viewpoint that we are going to see a strong rebound in travel IF/WHEN pcr tests/quarantines are taken out. I suspect that the US will stop PCR requirements/tests at year end (according to the CDC) and this should then reverberate throughout the globe.

ADB target 10-20% revenue growth next year, sees strong order on plastic compound for cable manufacturing, adhesive, silicone sealants for industrial, construction & household, sets Bt50m budget to up capacity in 4Q, will utilize M&A opportunity from 1x gearing.

BGRIM invests Bt2.9b (MYR 367m) in 45% stake of Malaysia renewable, reNIKOLA, to obtain 553mw renewable portfolio, committed to carbon neutral target by FY50.

EGCO: Electricity Generating Authority (EGAT) Saving & Credit Coop raised holding 0.0234% to 5.0182% of total outstanding on Monday.

GLOBAL target FY22 revenue growth target >20%, allots Bt1.75b to add 7 stores next year, home-improvement store in Philippines to cod mid-FY22.

Comment: They are going to be up against stiff competition. I don’t see how the locals are going to allow GLOBAL to perform well, just have a look at Wilcon Depot amazing operators.

IRPC to cod non-woven fabric production on December, aims to fill demand for face masks & PPE production, seeks to expand downstream products to boost margins.

LIT announced RO 221.44m shares to existing holders 1:1 @ Bt 1.2/share, XR December 24.

Comment: We’ve lost track of the number listed companies in TH raising equity, regardless => market share goes to the plc’s

MTI: 3Qnp at Bt73m +17% yoy, re-insurance abroad able to mitigate risk from Covid claims, expects demand for insurances accelerate for tax saving before end of year.

SPALI reported 9M21 profit jumps 76% yoy, revenue topped Bt 18.5b +44% yoy, maintained launch plans 12 projects total Bt16.1b for remaining 2 months, firm on Bt28b full year revenue target.

Comment: Wouldn’t be surprised to see even better #’s in 2022 for SPALI.

TK upbeats outlook aft 9Mnp +37.5% yoy to Bt345m thanks to recovery hire-purchase operation from Cambodia & Laos, aims to raise contribution from overseas from current 28% of total revenue.

  1. peter satrapa-binder

    regarding AAV or other airline/hotel biz/tourism related stocks: when i follow the latest covid-19 case developments in some european countries for example, it does look very doubtful to me that these businesses will be reverting to anything resembling the ‘old pre covid-19 normal’ in these businesses soon…

    • Doesn’t have to be at 100%, competition is down -20-30% in the hotel industry – airlines diff story, we have ground handling companies that will be back to full handling revenue within 6 months as the # of planes of their clients in the sky will be back to pre-covid levels.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.