BA upbeats 1Q earnings from strong passenger traffic, mulls purging obsolete aircrafts to 26-28 from 35 eo-FY22 to improve efficiency, target FY cabin factor >73-74%, 4.4m FY passenger target.
Comment: Price over volume…
National Anti-Corruption Commission has filed charges against Keeree Kanjanapas, major shareholders of BTS Group, and Sukhumpan Boripat, former BKK governor, on graft involving extension of Green Line rail concession until 2042 a few years ago.
Comment: Then every major group in the country should have charges filed against them…actually any plc…it’s impossible that there is zero graft in this country as it’s embedded in the culture. Or we can just call this what it is, the government doesn’t want to pay the legally owed money to BTS Group, and it’s election season coming…
CK expects to secure Luangprabang dam projects in Laos this year, lifting backlog to Bt150b from current Bt60b, upside from Orange line MRT projects, target FY margin within 7-8% range supported by lower energy & building material costs, ease labors shortage.
INTUCH’s BOD has approved revising dividend payout policy to 100%.
JUBILE reaffirms solid 1Q supported by robust jewelry sales on the back of shopping tax rebate stimulus, CNY & valentine festive, mulls adding 2-3 outlets to capture demand from tourists, target FY margin >45%, eyes 10% FY revenue growth target.
Comment: Just constantly doing far better than I’ve expected for the past decade…
GPSC established subsidiary, Global Renewable Power (Shanghai), to expand renewable power business in China.
NRF denies BKK Business news report about SVB closure impact, alternative protein startup & e-commerce partners are not affected by SVB adverse impact.
Comment: NRF should go back to focus as an OEM manufacturing, he’s flopped at everything since going plc.
PTTGC sees 1Q turnaround from improved chem products price on recovery demand from China, improved refinery operation & absence of maintenance shutdown.
SKY’s board approved Bt67m capital increase in SAL, to be used to boost capital at AOTGA, ahead of the bidding in Bt67b expansion at Suvarnabhumi ground and cargo expansion.
Comment: Quietly taking everything.
THBEV to tender for 20.34% remaining share in OISHI at Bt59, vs Bt46.5 closed on Friday, and delist.
Comment: There we go…
TU denied rumors that it’s exiting the loss-making Red Lobster restaurant chain.
Comment: Does it deny the slave usage rumours as well?