BEM reported May MRT riderships +50% yoy, 5% qoq to 345k trips/d, tollway +5% yoy to 1.1m trips account for 90% of pre-covid level, upbeat 2H outlook from surging traffic following cod of monorail Yellow line, upcoming pink line and boost from Lumpini station after cod of One BKK project 1Q24.

Comment: And the YoY numbers will continue to look great until 2Q24.

BTS will cod full scale 23 stations of monorail yellow line on Jul 3, estimate ridership within 100k-200k trips/d, fare start from Bt14/trip, expects to begin trial run of monorail pink line (Kae Lai-Min Buri) by end of year.

Comment: And it’s time, they’re back in business. Just the small outstanding issue of when & how much will the BKK authorities pay back BTS.

DELTA: SET excludes DELTA from credit limit & 100% cash balance account from June 20 to Jul 10. DELTA share rose 5.4% yesterday and 20% past 6.

Comment: Should go back down to 40-50. But who knows…

MINT launches Anantara Trojena, Saudi Arabia, a 270 rooms and suites offering spectacular mountain and lake views in Neom, 50kms from shores of the Gulf of Aqaba, CODed late 2026.

Comment: As a friend mentioned over the phone the other day, the # of brands they have on hand now are incredible.

PRM maintains 10% full year revenue target driven by robust fuel transport on improved tourism, larger fleet size yoy, tailwind from offshore support & accommodation work barge (AWB).

Comment: Have considered this to be one of the safest plays since the Ukraine/Russia skirmish kicked off, still continue to think so.

SIRI said its 98 Wireless luxury condo at Bt1m per sqm is the highest per sqm price in Thailand.

Comment: Wait, it’s been this price for the past few years, so nothing’s changed?

STARK’s poised to be delisted from the SET due to its negative shareholders’ equity, while the SEC is vowing to take legal action against those involved in preparing the company’s faulty financial statements.

Comment: Goodbye crooks. I don’t have sympathy for the major shareholder either. Debt funded growth by him and rubbish DD.

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