CHAYO sets 25% revenue growth target this year, to acquire Bt10-16b bad debt, boosting port to >Bt100b, mulls 1 M&A in 2Q, Bt3b capex.
Comment: That doesn’t quite make sense, they’ve never been able to acquire that amount of bad debt in the history of the company nor do they have the balance sheet capable of doing so.
KOOL established real estate subsidiary to accommodate land purchase on Chaophraya riverfront, mulls develop projects for sales & rent.
NRF plans to acquire a grocery and cash and carry store in London with combined sales of $36m, in 1H23, and build 3 of its own in LN in 2H23.
Comment: Just wtf is this guy doing? Funny food businesses, pet food, cannabis, some vegan restaurant, and now this?
PTT postponed US$ 2b natural gas investment in Myanmar (M3 block) including thermal pp & pipelines citing the local situation in Myanmar, Nikkei Asia.
Comment: I want Thailand & PTT to keep investing in Myanmar, I have selfish reasons for this, I live in Bangkok, I want a constant supply of energy to our house, offices and businesses here at a cheap cost.
SRICHA wins piping work, structural steel supply & installation for Petrofac-Samsung-Saipem consortium, valued at Bt1.45b.
STARK delays submission of FY22 financial statement, due to some info pending processing by co., and reviewing auditor, expects to submit within March 31, 23.
Comment: Well that’s amusing. Great corporate governance over here.
Finance Ministry to inject Bt90m for 20% stake in ASEAN Potash Chaiyabhumi, after greenlight from Cabinet, paving the way for TRC and EA to take 25% and 25-30% stake respectively.
Comment: Could this finally be the end of this saga, and how on earth did EA get their fingers into this? It’s going to ruin my dream of seeing EA go to 0.