AAV confirmed opening of 2 new routes to AU, BKK-Melbourne (3 weekly flights) & BKK-Sydney (4 weekly flights) from December 1 to capitalize on holiday season.

Comment: Looks like AAV is going to start eating up the market share from the main carriers.

ASIAN announced pre-emptive right for existing holders for IPO subscription of pet food subsidiary, Asian Alliance Int’l (AAI) total 127.5m shares at 6.385:1, XB Sept 16.

Comment: Well that helps! The pet food business has been driving them for the past 2 years.

AU may report 2,900% growth in NP this year to Bt135m, on reopening, branch expansions to focus more on stand-alone, and plans to open 2 more in HK, Tabloid.


CHO anticipates 2H turnaround from recovery demand for trailer & commercial vehicles on reopening, tailwind from London Taxi maintenance contract, team up with operator to jointly develop E-taxi and E-bus to serve short distance commute service in airport & tourist area.

IIG reaffirms Bt950m revenue target this year, supported by Bt400m backlog, M&A deal by end of year.

Comment: Another one? These players are aggressive, just look at what IIG, BE8 and BBIK have announced over the past 12 months.

MICRO sees outstanding loan port at Bt5b end of year, NPL at <3%, sees stronger 2H on seasonal, target Bt400-600m motorbike leasing in 1st year.

RS sees material growth in 2H on new products, M&A, and JV, to list PopCoin in International Exchange this September.

Comment: Popcoin is going to be a flop. Now this group is well known to change their business models when they see a new opportunity and that’s whats kept them afloat over the past decade.

WHA revised up FY industrial land sales to 660 acres from 500 prior, sees manufacturing relocation accelerated to both TH and VN, maintaining 440 acres FY22 transfer target, expects to wrap up 300k sq.m warehouse rental contract early 4Q22.

Comment: Let’s seeā€¦.though I’m starting to think that even Thailand is going to see a good amount of new FDI given China’s decision to shoot themselves in the shoot.

TFG revised up FY22 revenue growth target to 20-25% from 15-20% prior, sees chicken exports volume >90k tons by end of year, breakeven of retail channel (Food Fresh Market stores) and strong chicken & swine selling price to boost margin.
Comment: Had this name, got scared on the margin losses due to raw mats, but the TH market is the only one in the region where the food producers are minting it, continue to smack head against the wall

TEKA wins condo construction contract from ANAN, IDEO Lamsali Station, total Bt749m.
Comment: Looks like ANAN is trading down in contractor quality, or are the better contractors avoiding to work with ANAN?

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