AOT: Thai Vietjet will resume cross-country direct flights from Phuket-Chiang Rai starting Oct 29 to capture rising number of leisure travelers in both cities.
Comment: Not sure that’s a popular flight route, nonetheless a positive to see more flights in the air.
CCET announced RO 4.6b shares, 1:0.7863 @ Bt1.5/share, XR Oct 10, subscription from Nov 2-10.
Comment: Haven’t paid attention to this company for ages, at first I went “why? really? why?!” then I saw their balance sheet and went…aha…
COCOCO’s board approved Bt384.7m investment in capacity expansion of UHT Coconut drinks to 310ktpa from current 218k, adding 4 aseptic filling machines (300ml) & 2 (1,000ml) to expand variation of bottle size to boost sales, target cod 1Q24.
Comment: Part of the IPO plan
CPN’s Bt6.2b 93k sq.m. mall project, Central Westville Ratchapruek, on track to cod on November 29.
Comment: Gobble gobble gobble
IMH’s expected to wrap up M&A deal in 1Q24, t/g to boost total beds to 500, firms on Bt800m revenue target this year.
JPARK: parking mgt services, Jenkongklai, debut IPO 110m shares at Bt 3.8 apiece, FNS leads.
Comment: This is a fantastic business model. Never heard of the group.
KTB said Krungthai NEXT loan via Pao Tang App has attracted 200K loan application worth Bt600m in a month.
Comment: Despite what about the so called fintech companies may say, paotang is the #1 app in Thailand for banking.
MK’s board approved exercise SIRI’s warrant total 700m units at Bt1.1/share account for 4.08% of SIRI’s outstanding posted conversion.
Comment: Hmmm….well…it’s not an expensive price..
RATCH’s 51% venture in Ecowind Energy Corp has CODed its windfarm PP in VN under 20-yrs PPA with VN Electricity.
SEAFCO sees strong recovery in underground and foundation works next year on private and public investment, latest collab with Japanese partner for railway project in Bangladesh, revises revenue target to Bt1.8b.
Comment: Rare to see SEAFCO expand beyond Thailand.
THAI says flights from China have been >90% full after 5month visa waivers become effective since Sept 25.
Comment: They need more capacity, I’m expecting to see them file for relisting next year.
TKN launches fried seaweed pad kra pao & baked seaweed pad thai, expects sales jump upcoming holiday season.
Comment: Seems to be a hit