HANA set up a 49:51 JV with PTT, to study a possible investment in smart electronics industry.

JMART reaffirms solid 1Q driven by strong mobile sales supported by new launched Samsung AI S24 Ultra, higher contribution from subsidiaries (JMT & Tee Noi hot pot) to boost earnings.

Comment: Market just has no love for JMART since the SINGER blow up and JMT whiffing on 3Q23 figures.

MINT target 10-15% earnings growth, revenue +8-10% over next 3 years, sets Bt13b capex p.a. to revamp existing hotels & resorts, enable possibility to hike room rates to ensure increase of ADR to offset headwinds, gain better RevPar & profit margin thru upscale & luxury customers who can still afford the higher rates.

Comment: Someone asked what they could still short in Thailand, I mentioned MINT even though it’s already low…several issues remaining and f&b is still suffering a death by a thousand cuts.

NOBLE target FY launch plan 7 project total Bt22.61b, comprises of 5 low rise (Bt6.71b) & 2 high rise (Bt15.9b), eyes Bt20.6b pre-sales & Bt14b FY revenue target, upbeat earnings visibility from Bt19.82b backlog pending to realize till FY27, 4 condo project (Neu Noble Ratchada Ladprao, Noble Form Thonglor, Neu Connex Don Muang and Neu Ku Kot Station) on track to transfer this year, pays Bt 0.118, XD May 3.

Comment: This is another one waiting to be bailed out…

SCB to buy consumer lender Home Credit’s business in Vietnam for $860m to widen its regional footprint, deal to complete by 1H25. The deal value is a bit high, still may change, yet share price should be supported by Bt7.84 dividend.

Comment: Well I’m in HCMC, I’m not doing the deal, but none of us understand wtf SCB is doing…

SNNP launches new supplementary under brand Jele Fitt, aims to capture demand from premium mass market & health conscious consumers, out on sales at 7-11 from today.

Comment: Now they are just trying to milk things, means the growth rate is going to come down massively.

AMATA: Bt1.88b FY23 NP, -20% yoy, beats Bt1.79b consensus.

BEM: Bt3.47b, +43% yoy, topped Bt3.43b consensus, pays Bt0.14, XD Mar 12, announced buyback up to 450m shares (2.94% of paid up) under Bt4b budget from Mar 5 till Sep 4.

CRC: Bt8.02b, +12% yoy, beats Bt7.86b consensus, pays Bt0.55, XD May3.

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