ADVANC in 70:30 JV with SPI to set up Saha Advance Network (SAN) with Bt30m registered cap, offering fiber optic and ICT infra within SPI’s industrial estate and EEC area.

AMA target to lift biodiesel transport revenue to 15% of total revenue from 11% last year, sees solid turnaround 2H from higher traffic from improving economic activities, 10 vessels & 216 trucks to feed growth, target 1 M&A and 1 vessel adds before end of year.

Comment: Here’s the network, PTG owns AMA, the shareholders of PTG/AMA are part of BJT, heading a ministry, and pushing through the biodiesel policies through government.

AP sees record high in 2Q transfers, plans 26 new launches in 2H worth Bt26b, boosting presales to Bt33.5b this year, after booking Bt15b in 1H.

Comment: I’m impressed. Though my question remains, at what cost to margins?

ASIAN maintained 10% FY20 revenue growth target supported by strong pet food exports, recovery frozen food sales volume, higher THB revenue yoy from weakening currency.

BEM sees solid turnaround 3Q from strong MRT ridership & tollway traffic in July, expects to win Bt140b 35.9km Orange line MRT from expertise in underground projects.

MINT adjusts price of its 8.2:1 new share RO from Bt18.9 to Bt17.5.

Comment: Was there no demand at 18.9?

GGC anticipates 2H turnaround from recovery sales ethanol volume aft B10 biodiesel becoming standard diesel fuel from October 1 onward; current standard diesel renamed as B7.

ICHI to debottleneck production line after PH Plus 8.5 functional drink sales topped 26k-28k bpd on average since launched in June, reassures solid 2Q as revenue from abroad jumps to 30% from previous 2-3% of total revenue thanks to strong Indonesia sales growth.

Comment: We think that this new product will be a flash in the pan, however the success indonesia has been surprising after years of failing there.

SPALI reports Bt900m presales, 65% take up rate from 2 days launch event of Supalai Loft Sathorn-Ratchaphruek interchange BTS/MRT Bangwha (Jul 11-12), reaffirms solid 3Q.

TLGF reports 1Q21np (end of May) at Bt187.9m -68% yoy, pays Bt0.1268 dpu, XD July 23.

Comment: This is what CP Group is buying….

TQM expects demand for C19 protection remanded strong in 2H on concerns over local transmission, eyes Bt15b full year sales target, in talk JV partner to expand CLMV, will wrap up 1 M&A before end of 3Q.

Comment: What a story! No assets, easy to scale, they’ve taken advantage of this covid period so well. 

  1. why would TLGF be suffering to this extent. I unstood that it is a real estate trust. Have rents gone into arrears? I have avoided investing in this fund, as the SP has always been overpriced, relative to NBV, imo.

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