AU sets Bt127m capex this year for 12 new branches, including 1st in Cambodia, sets 10-15% revenue growth target.

Comment: Now this interesting….Trading at THB 300mn/store (off the top of my head don’t quote me), and capex/store is THB 10 mn

CPN said progress in 5 mix-used projects and business expansion in Vietnam to help boost this year revenue growth momentum.

Comment: Let’s hope for CPN’s sake that they are able to get all the assets that want operational after Vietnam has recovered…

ITD plans to delay payment of Bt2b bonds due in Feb due to liquidity crunch, Krungthep Turakij reports, citing a company official it didn’t identify.

Comment: Plans to delay? They are CASH BROKE. SCREWED, DEADER THAN A BLACK PANTHER IN THE THAI JUNGLES. But let’s see if the relationship with SCB remains strong…

LEO sees stronger 1Q24, on higher freight rate from Red Sea conflict, mulls expanding N-East and South routes, sets Bt400-500m capax for JV and M&A.

Comment: Let’s see how far they go with these expansion plans. LEO was one of the popular names during covid that have come back down to earth…

NER sets Bt25b revenue target and 510b tons rubber sales, boosted by record high Bt62/kg rubber price.

RBF said steady raw material costs and spike in demand to help boost sale by 10-15% this year, together with higher oversea capacity in 2H24.

Comment: If they just focused on their core business…it would be amazing, but the cannabis story line has diluted my faith in management.

TPIPP sets electricity sale target this year at 2,200m units, +10% revenue growth, to COD 70MW in 2H, boosting capacity to 510MW, with 8MW under construction and 10MW pending signing.

  1. peter satrapa-binder

    ITD: i had more or less expected something like this to come soon, after your post from 08/12/2023, saying: ‘ITD dodged default on 2 tranches…’

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