AAV upbeats FY24 earnings as TH-China flights jumped 3 fold following visa wavier became effective, upside from BKK (DMK) – Beijing route, mulls adding 3k seats domestic & international flights to capture travel demand during Songkran festive in Apr, aims to keeps LCC market share within 35-40% range, lower exp on interest & aircraft upgrade to boost margin, India flights allocation to conclude in 2Q.

CRC announced Bt4b transformation of Central Chidlom into “The Store of Bangkok”.

Comment: It’s starting to feel that Central is spending money for the sake of spending. Then again they are the only group with investing into Thailand, CP can’t, Charoen is stuck with 1 Bangkok, so perhaps we should be happy that Central Group is on a war path.

SF Express, the largest integrated logistics provider in China and Asia, has become the majority shareholder of KEX, holding 62.66% as a result of a mandatory tender offer for shares.

Comment: And is KEX now going to moonshot?

GULF signed supply agreement with China’s Sungrow Power Supply for battery energy storage systems & PV inverters for its solar power project combined 3,500mw scheduled to cod FY24-30.

SAPPE rebrands Sappe Beauti Drink to Sappe Beauti after 18 years since debut, to branch out from functional drink to health, beauty & lifestyle products to generate revenue from non-drink & diversify earnings, launch 5 products to capture demand during summer season, eyes 20-25% FY24 revenue growth target.

SKY reaffirms solid 1Q driven by revenue generating from airport services including Common Use Passenger Processing System (CUPPS) & Advance Passenger Processing System (APPS), sees month-to-date (Mar) average traffic @ 230k/d thanks to surged in inbound & outbound passenger traffic on tourism boom, tailwind from Bt23.2b ICT backlog boost earnings.

Comment: Great monopoly.

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