AAV: is expected to report wider margin qoq from low hedging on jet fuel as avg price 2Q stands at US$ 95/bbl vs US$ 106/bbl in 1Q, tailwind from strong cabin factor during Songkran holidays boost earnings, tabloid. AH: credit rating upgrade to A- from BBB+, stable outlook at TRIS Rating. GLOBAL: anticipates mediocre 2Q […]

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AH expects to register another record high revenue this year above Bt32b, +15% yoy driven by new parts orders for global market models from auto makers, backlog from existing clients, OEM sales & EV chassis assembly for 2 models for Vinfast, improve operation from subsidiary in Portugal, in talk BYD to secure EV parts orders. […]

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AH sees strong 1Q on seasonal, firms on Bt31b record rev t/g this year, supported by 4% growth in domestic car production growth, OEM, and easing chip shortage. Comment: Over time you have to look at AH as a steady 10% compounder, but with periods where they spike and then mean revert because at the […]

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AH’s subsidiary in China secured parts orders from Tesla, will start delivery from FY25. Comment: Yup, and they’ll probably get BYD’s in a few years. CI eyes 3-4 new projects worth Bt10b, both condo and detached housing, sets Bt1b capex for landbank. ERW expects full year OCC >80% on positive international travelers momentum & tailwind […]

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AH targets 10-15% FY23 revenue growth, margin within 10-12% range driven by parts sales on both domestic & overseas, new orders from EV manufacturing relocations, sets Bt1b capex for plant upgrade & maintenance. BTS is confident Yellow and Pink lines will start commercial operation this year, adding Bt2b revenue. Comment: The political mudslinging here has […]

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AAV plans to resume operation of 8 aircrafts that were idled during pandemic after advance booking have demonstrated strong momentum. Comment: A great sign for tourism and hopefully lower ticket prices ! AH upbeats 1Q earnings from delivery of Ford Ranger model change, higher OEM parts sales yoy from improved market. BA’s temporary suspended 2 […]

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AH expects parts orders accelerate from vehicles booking during Motor Expo event, FY23 earnings remain intact from battery shield & thrust panel backlog order for Vinfast, axle shaft for Ford, maintain 30% FY22 sales growth target, GPM within 10-12% range, target 10-15% sales growth next year. Comment: Vinfast meh…. AGE targets FY23 coal sales vol […]

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AAV: expects improvement in revenue & passenger load factor next year as tourism starts to pick up, will returned 5 aircraft at end of year, shrink fleet size to 53 aircraft, sufficient for service till eo-FY23. Comment: They’re not expecting any mass chinese tourism. AH: upbeat 4Q earnings from recognition of chassis orders for VinFast […]

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AH firms on 30% revenue growth target on 5-6% auto industry growth, and expansion in EV market. Comment: Again this revenue growth has nothing to do with EV’s, but it’s the narrative being used. BM’s upbeat outlook from pending orders of steel module for Tao-Bin robotic barista machines from FORTH, keeps Bt1.4b FY22 revenue target, […]

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AH maintains 30% FY revenue growth target supported by strong EV parts orders, sees bright outlook next year on Ford plans to designate TH as EV production hub in SEA. Comment: I always find this news related to EV’s from the auto manufacturers amusing because the management themselves will say that this isn’t true volume […]

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