AOT: Thai Smile to resume Phuket-Hong Kong route, 4 weekly flights (Monday/Wednesday/Friday/Sunday) from July 2.

Comment: Initial travelers are going to be all over the local news, and then disappointment will set in as the figures are lower than expected, and then it will ramp up faster than the infrastructure can manage.

BAM sees 2Q turnaround from improved cash collection and restructuring, shifted NPA sales to online channel via Shoppee & AUCT.

BPP invests in 2 solar farms combined 166.8mw in AU for Bt2.33b.

CHEWA’s firm on Bt2.5b revenue target this year, +52% yoy, boosted by Bt2.173b backlog, of which Bt1.313b will be gradually booked this year.

Comment: Every condo company is going to show amazing #’s

CRC expects SSSG bottoming out 2Q, anticipates momentum pick up 2H on track with vaccines distribution and boost from upcoming e-voucher rebate shopping stimulus.

Comment: Yes, 2Q in Thailand was still far better than 2Q20. Plus CRC is more than just a thai shopping retailer play, it has Vietnam (supermarkets) and Italy

FNS invests 30% stake in Kanom desert Café after exercised Bt60m convertible loan agreement.

Comment: “Forced investment”

GUNKUL’s Bt3b out of Bt9.63b EPC backlog to realize this year, target to win at least 15% of current bidding total Bt20b in 2H, in talk M&A powerplants local & oversea total 600mw to boost inorganic growth.

IRCP upbeats 2H earnings from heathy demand for IT infra services, will sign a Bt837m contract mainframe upgrade for Social Security Office in Jun, firms on 50% revenue growth target >Bt1.4b, will list hardware subsidiary, IT Green (ITG), next year.

MTC sees no material impact on GSB-SAWAD JV car title loans entry as 0.59%/month campaign restricted to vehicles age <3 years, say no to price war.

Comment: Is this industry going to become the telco industry where we saw price wars all over the place for a decade.

ORI in co-operation with Bitkub to accept payment with Bitcoin, Ethereum, and Tether for purchase of properties.

Comment: And this is why it went up 10% this AM….though of course they’ll have to sell the coins for thb…

PRM maintained 10% FY21 revenue growth target from higher VLCC fleet size on tanker business, contribution from recently acquired Thai Oil Marine starts from 3Q, tailwind from logistic business.

PTTGC’s shareholders are expected to approve plan to sell the remaining 12.73% stake in GPSC at meeting today, expected to book Bt9-10b gain in 2Q, while plan to tender for VNT will be completed by end of year.

SABUY aims to expand food court payment network to 170 outlets by end of year, will add campaigns to boost e-wallet usage, will announce digital payment partner in June, target 10 JV this year.

SISB’s 2nd phase Thonburi campus with 600 seats will be ready in August.

Comment: I can see several parents trading down the international school for their kids given economic outlook.

THAI will start direct flights from five European cities to Phuket next month in line with plans to reopen the island for tourists.

Comment: See AOT

THG said its digital platform, co-developed with KBTG, for alternative vaccine registration had attracted 900K bookings.

  1. ORI is jumping on a bandwagon with 3 wheels. It is the coin exchange manager that you need, to succeed at this. (see who is managing the Siri ICO deal). I keep saying this – XSpring is the leader here. (for transparency, I hold stock).

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