AMA upbeats 2H outlook from strong tankers transporting on high season, sees qtd utilization rate at 96-97% vs 95% yoy, expects road transport utilization rate pick up to 85% from 80% end of FY22 driven by logistic demand from PTG, eyes 20-25% FY revenue growth target.

Comment: Could be worth a look as PTG has expanded it’s network, question is of course transfer pricing between the two.

BA revises up revenue target this year to Bt16b, from Bt15b, 80% load factor, average ticket price of Bt3,700, new routes, firms on pax target this year at 4.4m, mulls adding 3 airports, Samui, Sukhothai and Trad, to BAREIT.

Comment: la la la, easy recovery for the monopolists of Samui.

BCH in collab with Senera Senior Wellness, under J group, to expand elderly care unit in Bangbuathong (80 beds).

Comment: So EKH w/ WPH and now BCH w/ J.

JKN sells JKN18 news channel to Topnews for Bt500m, aims to keep Miss Universe franchise flagship business, remain honor to bondholders, not intended to commit financial statement manipulation, all caused by liquidity mismatched.

Comment: Their financials MAKE ZERO sense. Equity is worth 0.

MGT acquires Spore start up, JIOS Aerogel Holding, producer of silica aerogel & thermal blades, mulls tap in cable & battery insulation for EV.

NYT sees Aug vehicles traffic thru roll on roll off pier, 80k driven by EV imports, cargo warehouse is fully occupied, expects to log 5 year high profit this year.

Comment: If you think auto exports from Thailand are going to increase over time, this is your play (at the right price)

PACO sees stronger 2H, keeps 20-25% revenue growth target to Bt1b, supported by solid backlog, oversea expansion, in talks 2 new clients.

PLT in talks M&A household LPG, seeks to boost growth from vertical expansion from LPG carriers to retail business, new tanker capacity 1,700 tons to start operation from October, target FY margin no less than 20%.

JMART anticipates 4Q sales jump after iPhone 15 launch tomorrow, launches new gadgets concept store, Siamsandbox by Jaymart Group, to expand segment coverage.

Comment: A formerly loved retail stock is one of the best performers over the past 2 months. Thank you overleveraged retail investors

TASCO maintain 1.2m tons asphalt sales volume target, sees surge orders across regional peers (Thailand, Vietnam, Indonesia, Cambodia) on infrastructure expansion, road work project, 3rd runway & parking bay at SIA (SAT-2) to carry earnings momentum thru FY24.

Comment: A stable oil price environment is ok for TASCO, but just wait to see a crash in oil prices and then it’s a no-brainer to pile into.

OR, BCP, SUSCO, and PTG are prime beneficiaries after govt said not to touch oil marketing cost at Bt2/litre, but instead will cut diesel tax.

Comment: Oil retailers need oil sub 50 to become attractive again.

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