ASIAN: maintained 10% FT21 revenue growth target >Bt9.4b, supported by Pet food & frozen food export sales volume as demand grows on improved purchasing power, mulls listing canned tuna & fish meal producer subsidiary, Asian Alliance (AAI), on SET next year.
CENTEL sees FY22 EBITDA turns positive supported by recovery F&B operation, expects hotel RevPar & OCC bottom out this year, set Bt4b capex to expand Maldives & refurbish existing hotels.
Comment: Now its question of how quickly to scale up the hotel businesses with the recovery in tourism.
KTBSTMR: KTBST Mixed Leasehold REIT, debuts IPO 301.5m units @ Bt 10 apiece.
Comment: Not the best time to launch a REIT…
SABUY and FSMART in 50:50 JV in parcel delivery and vending machine repairment, target double digit revenue growth target.
SABUY submitted nano finance license application to BOT, expects approval 1H22, in talk partner to expand digital platform, target 50% revenue growth next year.
Comment: This group is incredibly active, and they’re actually cash flow profitable.
STARK’s 3Qnp at Bt913m, +129.9% yoy, 9M21np at Bt1.875b, +73% yoy thanks to increased demand for cable from government and private construction projects, strong VN operation, firms on 15-20% revenue growth target, Bt10b outstanding backlog to realize till FY23.
Comment: It’s a monopoly play like GULF in their own industry…
STGT: Canada halts latex gloves imports from Supermax Corp Malaysia over forced-labor allegations.
Comment: A lot of crap is surfacing throughout the region regarding the glove sales…STGT have kept their noses clean according to every industry insider I’ve spoken with.
TACC launched 3 herbal drinks including grass jelly, chrysanthemum tea and Momordica fruit via 7-11 press beverage, expects strong sales from health conscious consumers.
TQM’s board approved par split from Bt1.00 to Bt0.50.
Comment: Retail pump?
TSE in talk M&A 2 power producers total 100mw, expects to wrap up 1 deal before end of year.