BA expects Bt3.9b revenue from passenger traffic this year, with 61% load factor, sees full recovery in 2-3 years.

Comment: I’m still wondering when/if BA/AAV will recap, I’m just waiting for this opportunity.

BAM mulls spinning off retail & P-loan unit to boost flexibility and improve competitiveness, in talk ILM & GLOBAL to tap in home renovation business to increase value added from distressed assets management, sets Bt9b budget to bid for NPA & NPL from finance institutional & legal execution department.

Comment: Not sure how this makes sense, unless the board is looking for a way to raise capital to buy more distressed debt in the market.

BCPG sets 30-40% EBITDA growth target this year, eyes 2-3 M&A deals, clearer by mid year, to COD 3 out of 4 solar farms in Japan with 65MW total capacity by 4Q21.

BBL in collaboration with BKI to sell covid coverage, starting at Bt289/year.

Comment: That’s a bit behind the curve.

CKP board approves plan to raise stake in Xayaburi Power by 5% to 37.5%, pending shareholder approval.

EA will COD 1st phase battery plant in Chacherngsao 2Q21, sets Bt6.1b capex.

Comment: I wonder how green this ESG plant is going to be. The dirty secret in the capital markets industry is that even though they have to follow ESG compliance for loans, banks (SG) will tell their clients “look, remove the word coal from your website and we can still finance your business”

PTG to raise contribution from non-oil revenue to 60-70% of total from current 4% within 5 years, aims to reduce volatility from oil price, sets Bt4.5b capex to add 50 cooking gas shops, 150 filling stations, F&B, waste power & solar rooftop business, expand oleo chemical to pharmaceutical segment to extract value added from palm complex, will launch EV Charging station under collaboration with EGAT on Mar 16, will list household LPG subsidiary, Atlas Energy, on SET by end of year.

Comment: Bam bam bam, these guys have a great physical network, up to them to figure out how to utilise it.

PTT upbeats FY21 outlook from higher oil price, wider chemical spreads and refinery margins yoy on recovery demand, will shut remaining 3 coal subsidiaries by end of year, add more clean energy in portfolio.

STGT plans listing in SGX by April-May this year, firms on solid 1Q21, on higher orders and 20% rise in average selling price.

Comment: Well that’s just a way to raise more cash at silly valuations.

TMB board approved co., name change to TMB Thanachart, ticker change to TTB.

Comment: Update your screening models!

TPIPP signed MOU with Korea Gas Corp & Korea Western Power to joint develop co-gen power plants & LNG terminal in Songkhla.

  1. Thai Share Value Lover 😆

    HI
    STGT I didnt think they were raising any more funds with the Sing float??
    I calculate their P/E at @4 for 2021 & @9 for 2022; doesn’t seem overly high. Is there something else we don’t know??
    Cheers

    • We’ll know when the filing is completed on the SGX.

      You’re right re the valuations, but no one has a clue what the pricing of the gloves will be in 2 years from now.

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