AP targets launch plan 34 projects total Bt43b comprise of 30 SDG (Bt 28.8b) & 4 condos (Bt14.2b), target full year sales above Bt35.5b.

Comment: Interesting tidbit – demand for low-mid end housing has apparently returned to pre-covid levels, however because thai banks are basing their loan approvals on the past 12 month salaries the rejection rate is high. What happens in 2H21-1H22? Watch for the story of a massive recovery in property sales in that market segment.

DOHOME reports SSSG +10% YTD, GPM near 20% YTD vs 17.5% 4Q20, improved products mixed, lower SG&A from estimate of distribution center and recovery building material selling price boost margins, planning to add 5 branches p.a. over next 5 years.

Comment: They have come from nowhere and are beating HMPRO, GLOBAL and Thai watsadu for performance. Balance sheet looks rather stretched at the moment.

GPSC-OR debut 150kWh energy storage system (G-Box), planning to install at PTT stations to accommodate EV Station expansion.

PTTEP: & Petronas reports gas discover in Block SK217 90km off coast of Sarawak, found 80m of net gas pay, will carry out further evaluation for full extent.

Comment: Volume + price increases across the board.

SMT mulls revise up full year revenue target to Bt3b from Bt2.51b from strong pre-orders of electronic component parts, allots Bt60m to revamp plant.

Comment: When the whole industry rises, even the dogs get a bone.

TISCO announced Bt6.3 dividend for FY20 operation, appointed Mr Sakchai Peechapat to be group CEO, replacing Mr. Suthas Ruang Ruangmanamongkol, appointed Metha Pingsuthiwong as COO and the President of TISCO Bank, effective from April 1.

Comment: “So long, and thanks for all the fish”

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.