AAV will resume 4 weekly flights from BKK (DMK) to Colombo starting Jul 9, mulls going daily during peak holiday season in Dec.

AOT’s has ordered a safety check on every moving walkway at BKK’s Don Mueang airport, following an incident in which a woman lost a part of her left leg after falling on one of the airport’s travellators yesterday.

Comment: Jesus….

ASIAN sets up Asian Wellness Residence, in JV with ORI and BRI, to invest in hotel and residential properties.

Comment: Urgh jesus….fine, a food manufacturer is going to use company proceeds to do a hotel and residential projects.

DMT sees daily avg tollway traffic 2Q exceeded 100k trips/d, expects FY daily avg >110k.

Comment: And soon it’ll be constantly above pre-c19 levels and people will still scratch their heads

FORTH’s electronics manufacturing services subsidiary, Forth EMS (FEMS), submitted filing to sell IPO 320m shares (28.57% of paid-up), will use proceed to upgrade fully automated assembly line, expand production capacity of vending machine, EV-charger, electrical inverter & medical devices to accommodate turnkey electrical product & assembly service (consign part).

Comment: A play on the manufacturing of their own products…

INET: board approved disposal of data center assets under INET-IDC3 phase 2 to INETREIT, Bt2.5b-Bt3.2b range.

NYT: local fund, KSAM, cuts holding by 0.1038% to 4.9796% on Jun 28.

Comment: I do wonder how much of this selling we’re seeing by local AMs is just a reduction in their AUM?

STARK mulls filing for court-supervised capital and debt restructuring, divesting shares in non-core business, and increasing registered capital to retain its listed status. Today is the last day to trade STARK, before being suspended.

Comment: Time to say gooodbyeee

TPL: logistic services provider, Thai Parcels, debut IPO 120m shares at Bt3.3/share

Comment: Normally I would say pump, but in this market….nah forget it, still going to pump! Small float, small cap, perfect pump set up.

  1. peter satrapa-binder

    TPL: the pump is on but based on their disclosed financial performance their P/E (at their current price) seems to be on the very high side.

    maybe they’re going to have a dolphin aquarium at the wellcentres ? i hold shares in the first 2. Please Just tell me #3 is not a bunch of crooks. 🙂

    • Peter Satrapa-Binder

      I hold shares in the third one and they are, i believe, an ok company. But, well, they are in the seafood and animal foid business – so for them it’s something new.

      ORI is goid. I don’t know about BRI, though.

      • Thanks. i bgt BRI based on ORI insiders buying. we will probably see some large insider buys of BRI, during last weekend’s SET recovery. This may come to naught, but there’s the prospect of a previously announced JV with some Japanese outfit to develope in Phuket.

        • ASIAN’s clean.
          ORI & its subs…look at them as a financing co that happens to have real estate…they’re leveraged everywhere possible, both on and off balance sheet.

          • according to my brokers (Maybank) there’s talk of 2 IPO’s coming from ORI; this year; the hotel division and the warehousing. assumedly, that would improve the debt ratio. But the debt ratio is a worry.

          • And the rumoured “tokenisation” of their massive flop on Thonglor. They’re looking to raise thb 3 bn.

          • peter satrapa-binder

            remains the question regarding BRI. to be frank, i don’t know them. they seem to be quite new on the stock exchange.

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