AH’s board approved dissolution of Hyundai Motor Thailand (20% holding), MHTH has not been operation since April 1,2023, no impact on the ongoing operation of the company
AOT will extend service hours of Chiang Mai International to 24-hr in November from current 6am till midnight from Nov 1, Thai Vietjet adding direct flight from Chiang Mai-Osaka, will be the 1st to depart Chiang Mai from 12:30am from November 1.
ERW: Mitr Phol Sugar Corp cuts holding by 2.4612% to 3.2103% of total outstanding on Oct 24.
Comment: You wouldn’t sell if you thought it was cheap right?
KBANK establish digital asset biz subsidiary, Unita Capital, and Unita’s subsidiary, Orbix Invest Co., acquires TH digital asset exchange operator, Sattang.
Comment: All my crypto buddies came out of the woodwork, shouting “see, see!!!” to which I respond “I thought we didn’t want to be regulated…?” “erm price up!”
ORN: residential developer, Ornsirin Holding, debuts IPO 406.5m shares at Bt1.49/share, Phillip & UOBKH joint leads.
Comment: Brave pre-IPO investors….it’s a property stock…in this market environment…you deserve the loss…
SAPPE said can handle rising sugar price, as sugar account for 10-12% of production costs, a 10% rise in sugar price would only have a meagre 0.5% rise in cost, while weakening THB to help boost revenue, as 80% of revenue are from exports.
Comment: Impact will be felt in 2024.
TACC sees limited impact from rising domestic sugar price by Bt4/kg, on lower usage of sugar for current products.
XO mulls revising revenue growth target this year for the 4th time to 50% from 30% earlier, on strong growth momentum in 3-4Q23.
Comment: Someone is pumping this…
WHA’s board approved disposal of WHA Mega Logistics Center Laemchabang 1 and sublease of assets (WHA Mega Logistic Center Bangna km23 & WHA Mega Logistic Center Theparak km21) to WHART for Bt3.56b.
Comment: I wonder what the quantum impact is going to be on these REITs for future asset recycling?