ASW forms venture with Tokyo Tatemono to jointly develop Bt2.2b high-rise projects, Atmoz Oasis Onnut.

Comment: I am impressed that they are still solvent…

CHOW’s firm on Bt1.7b revenue target this year, on higher steel orders in 2H, with higher trading margin, to speed up solar rooftop installation to meet 70MW target by end of year.

ICN’s firm on >Bt2b revenue and >Bt159m last year profit, supported by Bt950m backlog.

Comment: If true, then it’s cheap…but i just raise my eyebrows when I look at this name.

III expects earnings bottom-out 3Q after cargo traffic disrupted by Chengdu lockdown, high-season in 4Q to make up lost ground, maintains 30% FY revenue growth target.

Comment: I am a bit confused when looking at this name, the outlook is decent, but how will the company continue to maintain this top line and bottom line growth unless they are able to get volume from other players.

MINT sees no impact from energy crisis in Europe, as energy costs account for 3-4% and have locked in forward contract, mulls hiking room rates after renovations, sees continued demand in 2H on rising business travels.

Comment: Right and then energy is going to 3x-10x in cost depending upon the country in Europe, and it becomes 9%-40% of costs. Unless they think they can pass on all these costs increases to their customers.

SC signed MOU e-commerce vendor Flash Group to jointly develop logistic warehouse, to branch out from residential to industrial property.

Comment: Well then! The rumours that Thaksin provided debt financing to Flash Group now have some truth behind it given that SC is working with them.And this probably explains the move in SC’s share price over the past week.

SKY reaffirms 30% FY22 revenue growth target from Bt3b FY21 supported by higher revenue from passenger screening service (Bt12/passenger/trip) via 6 airports under AOT management, Bt20b backlog from e-KYC projects, smart security (Visitor Mgt System & IoT), digital radio projects to boost earnings.

Comment: And SKY knows how to make money with this administration, it’s being proven again and again.

FTSE rebalance effective at the close: no add/del, increase weighting in BH (+US$ 35m), decrease weighting in SCC (-US$42m), estimation outflow in PTT, CPALL, AOT, BDMS, KBANK, ADVANC, PTTEP, GULF, CPN, SCB, by US$2-6m each. FTSE Small Caps see 5 new entry, BYD, FORTH, RAM, VIBHA, and IMPACT.

Comment: And this may have led to a fair amount of outflow today.

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