Stocks in the news (aot, true, tu) 22.04.26
Airports of Thailand Public Company Limited is the leading airport operator in Thailand, managing six major international airports including Suvarnabhumi and Don Mueang. The company facilitates international and domestic air travel, generating revenue through aeronautical services and commercial concessions such as duty-free and retail operations.
AOT: Flydubai adds daily flights to DMK starting Jul 1, marking the airline’s second destination in TH after Krabi.
Comment: Thailand continues to be the tourism destination. No one wants to go anywhere else in the region for a holiday (excl Japan).
True Corporation Public Company Limited is Thailand’s foremost telecommunications and digital services provider, resulting from the strategic merger of True and DTAC. The company offers a comprehensive suite of mobile, broadband internet, and digital television services, maintaining a dominant market share in the Thai telecommunications sector.
TRUE has set coupon rates in a range of 2.5%-3.25% for 4 new bond series worth up to THB14.5bn to refinance debt. Subscription period: April 30 to May 6. Regulatory filing completed yesterday. Each tenor will carry a fixed coupon rate for 4yrs at 2.5% / 5yrs at 2.6% / 7yrs at 3% / 10yrs at 3.25%.
Comment: They are loving this….and as long as the CFO stays, then one can still be positive on this company continuing to focus on making $.
Thai Union Group Public Company Limited is a premier global seafood producer with a diverse portfolio of ambient, chilled, and frozen products. It operates a vast global supply chain and owns internationally recognized brands like John West and Chicken of the Sea, serving markets across Europe, North America, and Asia.
TU t/g FY margin w/in 19-20% range, products px hike and cost ctrl to provide cushion, sets capex at Bt 5.5b to 6b to expand feed biz in Ecuador, expand automated w/h for pet care products, up capacity of packaging unit.
Comment: Ya ya ya, tuna prices move with oil prices.
CG Capital, fund mgt arm of Central Group, signed a hotel mgt agreement for Club Med Exclusive Collection Koh Samui resort, which will open in mid-2028.
Comment: I think it’s time to question whether CENTEL is being operated for the good of all shareholders, if the family has another business focused on hotel acquisition/management then the COI increases. Now of course they have hundreds of different family members. So let’s see…
Summary Table
| Ticker | Price (THB) | YTD % | Trend (3M) | Consensus | Analysis |
|---|---|---|---|---|---|
| AOT | 54.75 | +3.3% | 📈 | Buy | View → |
| TRUE | 13.80 | +26.6% | 📈 | Strong Buy | View → |
| TU | 11.40 | -10.9% | 📉 | Hold | View → |
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