AAV eyes 20m FY24 passenger target, supported by improved traffic to China on the back of visa wavier scheme (93 flights/week vs 83 in 4Q23), larger fleet size yoy (60 aircrafts vs 56 in FY23), new route from Taipei-Okinawa, Taipei-Osaka, Kaohsiung-Narita start from 2Q.

ADVANC and TRUE are awaiting NBTC’s draft auction planned for 3 spectrum bands, 850, 2100 and 2300 MHz, expected to finish by June.

AOT: SIA ranked 7th among top 10 world’s most luxurious airports aft Dubai, LDN, Doha, Paris, Sydney and Spore, Travel + Leisure.

Comment: Every top 10 list in the world…are opinions, nothing factbased. But nonetheless, this is GREAT for Thailand and tourism and etcetc. Want to go on a trip to Malaysia…said no one ever…

CPALL to sell 4 trances of bond, A+ rating outlook positive @ TRIS rating, paying 3.45%, 3.6%, 3.85% & 4.05% p.a. total Bt15b, subscription period from Mar 22-26.

Comment: If this was just 7-11, you’d say it’s worth 100. But because of all the debt crap chucked in via lotus etc…meh

EGCO to develop clean energy, especially hydrogen fuel, via its 30% stake in newly acquired Indonesia petrochem unit, PT Chandra Daya Investasi (CDI).

JMT: local fund, BBLAM, cuts holding by 0.214% to 4.9354% on Mar 8.

Comment: One train of thought we have is, STARK has hurt BBLAMs reputation + natural decline in the AUM in Thai equities= BBLAM having to sell down stakes everywhere.

NER expects margin expand in 1Q supported by improved rubber selling price, lower SG&A qoq from reversed provision, revises up FY24 avg price to Bt65 from 55/kg.

RCL allots US$430m budget to expand container vessels, adds 1k containers, expects freight rate remain volatile this year but FY24 volume >2.2m containers logged in FY23, expands customer base to diversify earnings

SCB puts risk control before loan growth, seeing surge in rejection rate of housing applications, attributed to would-be homebuyers’ weakened debt repayment capability, stemming from the sluggish economic growth and higher cost of living.

Comment: How the f is Arthid still there…just goes to show none of the Thai banks are actually ” special” SCB lucked their way through the 2000-2010s overcharging all consumers and benefiting from a great economic growth period.

SCC expects to report meaningful turnaround from lower energy expense yoy, bottoming out chemical spreads, improved cement demand on jump start infra project in TH & Indonesia, upside from packaging business, Mitihoon.

TIDLOR targets 10-20% FY24 loan growth, NPL below 1.8% at end of year, rolls out campaign on cash card & auto title loan to boost growth, will finalize plan to sell CD by end of 1Q.

Comment: Growth is never the issue …

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