ASK reported Bt15b new loan 5M22, driven by e-commerce, logistic, agricultural and tourism sectors, keeps Bt37b full year target, lifts loanbook to Bt66b by end of year.

BAM and KTB, both held by FIDF, are allowed to set up a JV AMC. BAM’s in talks with 7 banks for such JV.

Comment: Setting up an AMC and receiving a license from the BOT are 2 different matters, however given that both companies are de facto gov organisations it should go ahead.

BEM expected to report solid 2Q from Bt335m dividend income from TTW & CKP, higher tollway traffic & MRT ridership on reopen, upside from Orange line bidding from expertise in Blue line.

Comment: I’m typically on the BTS and I see that’s packed again during peak hours.

BOL reassures meaningful turnaround from additional finance institutional clients on board, supported by surged demand for B2B data analytic platform, online database and qualified tools for digital transformation, eyes 5-10% full year rev growth target.

Comment: It was the margin growth that got the market excited last year.

CENTEL upbeats 2Q earnings from higher RevPar on improved room rate, higher OCC from international arrival & local travelers on long weekend, recovery QSR operation on schools reopened.

Comment: Just imagine how many unlicensed hotels/hostels have been shut down over the past 2 years…these figures don’t show up in the official hotel stats.

DELTA signed MOU with PTT for EV innovation & renewable energy solutions, smart electronics.

KUMWEL’s firm on 20% revenue growth target this year to Bt550m, after Bt140.5m in 1Q, with Bt100m backlog, sees more contract in Indonesia mining.

SINGER sees no impact from rising interest rate trend, have enough capital from BTS injection to carry out business for 2 years, while planned listing of SGC next year to bring in extra.

Comment: No impact this year, but from 2H23 yes. However mgmt is correct, they raised a stupid amount of cash at the right time.

ORI sees 2M22 (Apr-May) condos sales topped Bt7b as demand for commute by MRT/BTS grows amid high oil price.

Comment: Market share keeps going to the big boys, and yes ORI survived somehow and can be considered one of the big boys

XO sees positive feedback on hemp sauce following F&B showcase event (Thaifex) in May, mulls adding 5-8 sauce & seasoning products to expand market coverage and capture higher margin, firms 10-15% growth target.

Comment: This is one of Thailand’s key selling points, and its great to see enterprising companies such as XO actually go up the value chain and execute well.

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