AMATA mulls revising up FY22 revenue guidance from improved land & utilities sales, Bt1.45b out of Bt4.768b backlog to realize this year, sees upside from increased FDI.

AMATAV target 100% revenue growth this year from strong industrial land sales in Vietnam from manufacturing relocation, higher selling price yoy on surging demand.

Comment: Low base more than anything else. AMATAV is a C grade IE in VN.

AOT sees positive boost from relaxed Thailand Pass rule from June 1, seeing pax doubling from 39K/day to 70K, yet to cut this year passenger target to 40m from 62m previous forecast.

BEC upbeats 2Q earnings from improved ad rate & utilization rate of airtime slot, long prime time during weekend aft extend news program by 15 mins on Saturday & Sunday (mid-day) and 30 mins in the evening prog since April.

DITTO sees solid 2Q, on Bt1,362m backlog, of which 50% to realize this year, ready to bid for Bt9b worth of projects, eyes 2 M&A deals, mulls issuing 40m share PP.

Comment: Been one of the main PDPA plays in the country followed by being well liked by the local retail community.

DMT sees 2Q average traffic thru Don Muang tollway >100k trips/day vs 68,100 1Q22, expects positive momentum continued 2H from increased air travels thru DMK airport.

KBANK’s to buy a major stake in Indonesia-based PT Bank Maspion Indonesia Tbk to strengthen its regional banking business.

Comment: They already had a 9% stake, just taking control for USD 200 mn, Maspion isn’t a real bank, its a license play. I have no idea how long it will take for KBANK to realise a return on this..

PIN sets Bt5.6b capex for 2 projects, Logistic Park worth Bt4b in 290 rai land, Solar Power worth Bt1.6b, constructions to start in 3Q22, targeting 50% rise in recurring income in 2025.

PROEN is expected to face upheaval from investors on an opportunity day at the Exchange today following loss from investment in 250k BitKub coins at Bt291 average, where price now drops below Bt100, Siam Blockchain.

Comment: hahaha really? I don’t think a -35mn thb investment loss is going to cause much noise..

SHR reaffirms solid turnaround from improved OCC from hotels operation in UK, Maldives, Fiji, Mauritius island and Thailand, higher RevPar yoy following price hiked by 20-25%, maintaining Bt8.5b full year revenue target.

Comment: The best performing hotel play this year.

  1. peter satrapa-binder

    @ your comment on PROEN: Comment: hahaha really? I don’t think a -35mn thb investment loss is going to cause much noise:

    they are not a very large company – so i guess a loss of a few tens of million baht (at the current bitkub price app. -46 mn thb) will be really painful for them.

    • Yes if that’s the case, the company appears to be saying that there is a buyback clause with bitkub. Bitkub appears to be more at risk with this agreement to have to stump up the cash to proen by next year.

      And sure, if they have to write this down to zero, they’ll lose 2q-4q’s of earnings, from which the company moves on. If the investors don’t like it, sell the shares and move on.

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