AUCT sees positive momentum thru auction yard driven by repossessed vehicles from auto title loan segment, eyes 5-10% revenue growth target next year.

Comment: The selling price of the cars don’t matter, what matters is volume for AUCT. But remember all those years ago how they talked about they could potentially apply their skillset to multiple different assets? Never took off, value them based upon the vehicle auction biz….

BTSGIF reported Oct 22 skytrain riderships (Green line) at 14.6m trips +2.3% MoM, +140.6% yoy.

Comment: Say whatever you want, but the rate of change is going to look amazing for the next 6-9 months for these companies.

GULF reaffirms solid 4Q from cod-ed of 662.5mw (GSRC 4) on Oct 1, BKR2 windfarm and full quarter recognition of 3 windfarm projects under Gulf Gunkul Corporate, will start to realize revenue from 1,200mw gas-fired power plants (Jackson Generation) from 1Q23, 2 IPP combined 2,650mw on track to cod next year.

MBK: local fund, KSAM, raised holding by 0.0421% to 5.0299% of total outstanding on November 10.

NVD board approved investment in 3.2 acres community mall projects, Nirvan TownshipCenter Srinakarin-Romklao, under Bt 285m budget, target cod mid-FY24.

Comment: Stupidly cheap on an NAV basis, but they haven’t been able to translate much into sales/earnings.

TEKA wins building construction contract from PTT’s affiliate, Energy Complex, worth Bt148.89m.

THG invests Bt657.6m in 55% stake of Trang Vejkij hospital capacity 200 beds, transaction to complete by end of year.

Comment: A shame we can’t seen Dr Boon’s funny management buy/sell’s anymore since he was banned from the board.

TPS awards 2 underground wiring projects total Bt41.56m.

  1. Just cashed out of Demco for the final time, it’s been a ok trade at times but the fundamentals are shite, for lack of a better word…Should be trading at 2 baht being the value of the WEH holdings minus their net debt.

    As a glutton for punishment, I’ve just plonked a decent amount on TTCL @4.34 as I see signs of a recovery in the EPC space.

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