ASIAN target FY22 sales growth >15% driven by frozen seafood & pet food exports, mulls spinning off pet food unit, Asian Alliance (AAI), expects to submit filing by end of April, listed in 2H.

ATP30 sets record high revenue growth target at 25% to Bt600m, 10% NP growth, by using technology to boost competitiveness.

Comment: They are supplying the EV vehicles to one of PTT’s group co’s

BBL’s seen several TP upgrades after management firms on 4-6% FY22 loan growth target, on FTI relocation and infra pjs. DBS raised TP to 210 from 209,

Comment: We listened to the call, typical BBL, nothing aggressive, nothing exciting.

EA plans to raise revenue from EV to 25-30% of revenue mix this year from current 5%, supported by battery plant & EV Bus production facilities completed late last year, tailwind from EV stimulus, target 3k vehicles book (trial lot) for 2 partners BMTA & Mont Transport, target FY22 revenue growth >20%.

Comment: What else are they going to buy to make this happen? Are locals looking at Amita’s fin statements? It’s a public co in taiwan, continually loss making, recently leveraged up the b/s (though only 1x),

OTO said its subsidiary, Inno Hub, has subscribed for 20% of Blockchain Prime Holding, for Bt20m, as a gateway to enter blockchain and crypto currency business.

Comment: These minority interest positions are perplexing because every company touts it as a gateway to a new industry/business etc etc, but unless they are the owner and have a management position – it’s just an investment and nothing really happens.

TISCO: Massachusetts Financial Services co., cuts holding by 0.0408% to 4.9728% on February 1.

UNIQ and Asitakij consortium (UN-ASI) win Bt1.865b Ekkachai-Ban Phaeo highway projects from Department of Highway.

VGI trades XR tomorrow, 10:3 @ Bt5, XW 1:1 for RO subscribers.

Comment: Imagine if BTS announces that they receive the extension for the BTS – does that change the upside potential for VGI?

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