AH eyes 3-5% full year sales growth target driven by larger auto parts orders from establishment of 2-3 Chinese BEV manufacturing plants in TH, sets Bt400m capex to build new plant to accommodate orders from new clients, target cod by end of FY25.
GULF: digital assets unit, Gulf Binance, begins digital asset exchange & brokerage operations in TH.
Comment: I presume that it is perfectly fine to be proud of working with an organisation that assisted Hamas transferring capital around the world.
ITD holds a bondholders meeting to seek approval to extend the maturity of multiple tranche of notes by 2 years, at 2pm.
Comment: I hope they say no. But I doubt it…
MITSIB targets 40% full year loan growth to Bt1.5b driven by recovery hire-purchase of taxi in tourist provinces, contribution from 1k units of AION EV taxi financing, aims to boost revenue from title loan, auto insurance brokerage and mortgage to diversify earnings, utilize opportunities from existing clients.
PTTEP sees earnings bottomed out in 4Q23 on soft O&G sales volume, higher production output from Erawan, Bongkot & Arthit fields expected to lift sales volume to 880k boepd from 636k FY23, geopolitical tension open upside to selling price.
Comment: They’re just $hitting cash at the moment
TU to exit Red Lobster as business no longer align with business strategy, will book one-off Bt18.5b (US$530m) non-cash impairment charge in 4Q23, announced buyback up to 200m shares (4.3% of paid-up) under Bt3.6b budget to restore confidence, starts from Feb 20 till Jun 30, 24.
Comment: Oh a buy back of shares…a$$holes…”confidence in the shares”