BEM targets full year MRT ridership +13% yoy to 440k trips/d driven by cod of One Bangkok mixed-use project at Lumpini station, feeder from Pink and Yellow line, positive tourist momentum.

Comment: Oh, still growing, oh you thought WFH exists in this country? Nah. And One Bangkok hasn’t opened yet…idiots in the news…

GFPT sees solid 1Q from strong chicken & poultry sales on CNY, sees margin recover yoy on lower feedmill costs, improved domestic selling price at Bt40/kg, target full year exports +5 to 8% yoy, overall sales growth between 3-5%.

Comment: This is typically an easy play over 1-3 year cycles. Buy when margins are squeezed, sell when margins have expanded. There really isn’t much more to it.

PR9 targets 10% full year revenue growth driven by contribution from specialty clinic, higher foreign patients traffic after signed healthcare MOU with Saudi Arabia, tailwind from Chinese, Middle East and CLMV patients, rolls out Lasik & health checkup prog to draw traffic on low season, Kidney Transplantation clinic on track to operate this year.

Comment: I’ll have to visit their hospitals to see if there is a genuine uptick in ME patients, I know that Bangkok Hospital has been a mosque (again) since 2022, PR9 I’m not sure.

PSH signed 3 jv agreement (50:50) with ORI to develop Bt5b mixed-use project in Sukhumvit area, Bt2.8b condo project in Phahon Yothin area and Bt980m SDH project in Phetkasem area.

SPVI upbeats 1Q earnings from strong mobile sales on the back of easy e-Receipt tax rebate scheme, newly launched Samsung AI-powered S24 Ultra, tailwind from larger distribution network in EEC area and key provinces.

Comment: Android > Apple you sheep.

  1. Woody Leonard (whilst he lived in & operating internet cafes in Phuket) once told me that his view was that buyer of Pads, Pods etc were gonna learn, in the future, that the i was for idiot. 🙂

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