AOT target 7-8% revenue growth FY20, expects passenger arrival +5-6% yoy, seeks to boost revenue from cargo business and non-aero revenue to balance revenue mixed, expects to kick-off airport city projects next year.
Comment: International passenger arrivals continue to rock and roll, its the domestic traveler #’s that are declining rapidly. The Government is focused on the wrong market here.
ASIAN: name change to Asian Sea Corp, ticker remained unchanged, effective today.
BGRIM to acquire solar projects 30mw solar projects in Cambodia for US$300k, target cod within Oct20.
CHOW board approves acquisition of 3 solar projects in Australia total 172.8mw for Bt4.9b.
Comment: It would make sense that to do solar in Australia…but I wonder how CHOW competes versus the local players
MAKRO opens the 132nd branch at Sattahip district, Chonburi province to accommodate demand from hospitality segment and EEC expansion.
PTTGC sees meaningful turnaround FY20 after hurt by maintenance shutdown, will add specialty chem prod portfolio to 30% from current 10% to boost margins.
RML upbeats 4Q earnings from transfer of high end projects, The Lofts Silom, worth Bt3.5b, will sell Bt500m CD to fund hotel projects total 1,000 rooms at Sukhumvit 19, to boost recurring income.
Comment: Time will tell if this “smaller” player can still continue do well in the current real estate environment
TPCH target 50% revenue growth FY20, 4 biomass powerplants (TPCH1, TPCH2, TPCH5 & PTG) combined 50mw to cod 1Q20, 9.5mw Nonthaburi community waste pp to cod 4Q20, in talk to buy 2 waste powerplants combined 20mw, deal within 1H20.
Comment: All part of their plan from years ago thus no surprise, but lets see about the acquisition of the 2 waste powerplants