Before a quick muse on 3Q21 #’s, let’s have a quick look at what I wrote for 2Q21…a quick recap: 2Q21 Just look at that YoY and even QoQ performance, not a surprise for the overall market. It’s the next 6-18 months that have me scratching my head for the overall market, certain sectors are […]
Read More →Energy Regulatory Commission (ERC) hiked Ft rate by Bt 0.139 to Bt 3.78/kwh for electricity sell period of Jan-Apr 22 to incorporate with high gas px, BGRIM, GPSC, GULF, ROJNA are expected to benefit the most, tabloid. Unemployment rate hits 2.25%: Covid-19 measures bump up figures. The rate of unemployment jumped to 2.25% in the […]
Read More →AOT: extends remedy package for concessionaires & airlines operating at 6 international airports for one more year till end of March 23. Comment: I both fully understand and fully don’t understand AOT’s price today. The bull – no competition + eventual recover, the bear – there are no tourists and they may only get to […]
Read More →Energy Policy Administration Committee (EPAC) cuts biodiesel blend to only 7% (B7), postponed sales of B10 & B20 from December till March 22 to curbs retail price. The reference px of methyl ester stands at 46.88/liter while ex-refinery price of biodiesel B7 is Bt 20.3/liter, more methyl ester in biodiesel means a higher oil price […]
Read More →BCP: reaffirms solid 4Q from improved fuels sales volume since October, higher refinery utilization rate at 110k bblpd vs 90k YTD average, will add 47 stations to 1,300 by end of year, biofuel subsidiary, BBGI, on track to debut IPO 1Q22. ITEL: mulls selling Bt 700m Interlink Data Center (IDC) in to REIT 1Q22, aims […]
Read More →EA: to cod Li-Ion battery production plant, capacity 1GWh p.a. on December 12. Comment: A few years delayed but here we go, and now we’ll see if the story plays out. At the end of the day it will depend upon managements ability to maintain the relationship with the Government entities in Thailand to keep […]
Read More →AMATA: in talk jv Korea Land & Housing Corp to develop Korean Smart City Zone in Chonburi province, plan to apply BOI to recover investment incentives, including an 8 year corporate income tax exemption. Comment: EEC hasn’t really gone anywhere due to delays and the usual government fumbling, and so IE’s are having to figure […]
Read More →Well that was a fun day watching the news of DTAC and TRUE finally hit the wires properly. After nearly 6 months of going back and forth it’s effectively confirmed. Here’s a thread I put out since Friday til this morning Now for the Thai market overall. It looks like the 3 big sectors that […]
Read More →Notable Transactions Buy(s) THB 242 mn TTA – Well that’s a positive sign, the owner/ceo buys up some THB 70mn of shares SABUY – And they’re still buying Sell(s) THB 283 mn PRIME – The Chairman/MD dumps to…? CMO – Looks like there’s a big change in shareholders happening here. LEO – The CEO dumps […]
Read More →Central bank expects spike in NPLs: BoT anticipates bad loans will be contained under banking sector’s strong risk management. The Bank of Thailand (BoT) expects higher non-performing loans (NPLs) in the local banking system after banks relaxed debt assistance measures, but the bad loans are expected to be contained under the strong risk management of […]
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