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.