AH expects parts orders accelerate from vehicles booking during Motor Expo event, FY23 earnings remain intact from battery shield & thrust panel backlog order for Vinfast, axle shaft for Ford, maintain 30% FY22 sales growth target, GPM within 10-12% range, target 10-15% sales growth next year.
Comment: Vinfast meh….
AGE targets FY23 coal sales vol +15% yoy to 5.2m tons from 4.5m tons FY22, allots Bt140m to expand coal transport fleets and logistic warehouse, agriculture trading & commercial vehicle leasing business to bear fruit next year.
Comment: Coal prices are 4x higher than a year ago. Done.
BBGI invests Bt200m in JV with BSGF to produce sustainable aviation fuel (SAF) from used vegetable oil.
BEM’s firm on Bt14b revenue target this year, with net profit to rise yoy, thanks to tourism recovery and reopening of Sirikit National Convention Center.
Comment: More people are moving around, tourism in BKK, cars on the highways.
CPN launches “GO! Hotel”, its 1st premium budget hotel in Bo Win Chonburi, targeting business and tourists.
Comment: ERW vs CPN? Nope, plenty of space in the market, still amusing that this isn’t put into CENTEL.
KTB raised fixed deposit rate by 0.5% and prime lending by 0.15% – 0.25% from today.
MAKRO sees double digit growth in 4Q22 sales on seasonal, keeps double digit growth target for next year.
Comment: Question is on the margins, and how much more efficient can the group become followed by that leveraged balance sheet…
STANLY upbeats outlook from strong demand for auto lighting products, eased pressure on chips shortage, wider margin from parts supply for new models, upside from incoming orders after Motor Expo event.
SMART expects FY22 revenue reach all time high >Bt500m, supported by strong sales of lightweight concrete blocks on recovering property market, improved construction activities post Covid & demand for renovation from tourism sector, expand sales channel via modern trade thru DOHOME, GLOBAL and Thai Watsadu (CRC), eyes 10% FY23 revenue growth target.
ITC: TU’s pet food unit, I-Tail Corp, debuts IPO 660m shares at Bt32/share, FNS leads.
Comment: Not a flop, but didn’t do anything….but it’ll be interesting to see how the pet food players are priced on the market now.
WHA: KASSET cuts holding by 0.0003% to 4.9997% of total outstanding on Dec 2.
Energy Regulatory Commission to announce pre-liminary candidates who passed pre-liminary round for 5,203MW power sales, among bidders are GULF, GUNKUL, BGRIM, GPSC, EGCO, RATCH, EA and ACE, final on Mar 22, 2023.
Comment: Licenses to print $