BAM allots Bt9b budget to add bad debts, maintained Bt17b full year cash collection target, in talk partner to establish jv distressed assets mgt on unsecured loans, inks deal 2Q.
Comment: They’re going to have to raise capital, the amount of bad debt/npls that are going to continue coming after this massive rise in commodity prices over the past 12 months are going to result in more bankruptcies.
CCP sets 10% revenue growth target to Bt2.6b, supported by Bt1.8b backlog, to be recognized until next year, and new government projects, such as Mabtaput phase 3, Laem Chabang pj, and high-speed train linking 3 airports.
CENTEL anticipates meaningful turnaround FY22 from improved F&B operation, recovery OCC on hotel unit, allots Bt3.3b to revamp delivery platform, expand hotels & add new F&B brand in portfolio, eyes 50% FY revenue growth target.
Comment: They made a cash profit in 4Q21. More power to the big players.
FORTH in talk partner to expand Tao Bin robotic barista in UK, expects to conclude deal by mid-FY22.
TU mulls revising up OEM selling price from food shortage & high energy cost, sees positive 1Q22 momentum from Red Lobster operation, canned food, pet food & HVA products, expects 1Q margin within 17-18% range.
Comment: Otherwise their margins are shot, its the only game this co has, forget the HVA products, barely moves a needle for the whole group.
UKEM sets 10-15% revenue growth target this year, on effective cost management, new business, M&A and disposal of assets.