AOT mulls speeding up Bt130b mega projects under new CEO, including expansion at Suvarnabhumi airport’s terminal, southside aero logistic park, Chiangmai 1st phase and Phuket airport 2nd phase. Comment: Mulls? Wtf are these donkey kongs doing up there, Thailand is going to be overflowing with mainlanders and indians within the next 12 months. HUMAN is […]

Read More →

AOT sees 380 flights and 100K pax/day during CNY, while 6 airports under management see >300K pax/day. Comment: It’s not going to be an immediate rush of mainlanders to Thailand due to flight capacity issues, but by year end, whoooooooooooooooooooooooooosh. CV expects 50% revenue growth this year after diversifying into supplying renewable fuels, especially wood […]

Read More →

AOT sees turnaround in profit in 1Q23 (ending Dec 22), as pax recovered to 70% to 270K/day. BCP sees continued growth in EBITDA, supported by BCPG-OKEA expansions, sets Bt45.6b capex, expects strong 4Q on seasonal. CBG mulls listing convenience store subsidiary, CJ Express, as soon as next year, aims to raise US$500m for stores expansion. […]

Read More →

AOT: cabinet approved DMK airport expansion phase 3 to accommodate 40m passenger traffic p.a. from current 30m, 3rd passenger terminal & 6th parking bay to be added under Bt36.829b budget. Comment: Getting ready for China + India to visit Thailand en masse CHIC selected by GRAND for interior design and furnishing of hi-end projects, ANIL […]

Read More →

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 […]

Read More →

AOT: sees no impact if Treasury department decides to scrap 50% land rent discount at 6 airports from next year as remedy package for duty free shop, tenants & airlines also coming to an end at eo-FY23, higher international arrivals, recovery aero & non-aero revenue > rescue package. MAKRO: launched mini mart platform, BuddyMart, aims […]

Read More →

AOT: Treasury department mulls scrap 50% land rent discount at 6 airports next year as Covid situation eased. Comment: Tourism figures are still -50% of pre wuflu, but the share price is already near the 2019 peak. Well ok…granted I do still think TH will back to those high travel figures within the next 6-12 […]

Read More →

AOT reports 46m passenger this fiscal year ending Sept 30, higher than 43m forecast, sets 110m target for next year, which will depend on China relaxing travel curbs, sees back to pre-pandemic in 2024. Comment: And India…jesus christ, this country has to get its head of it a$$ and realise there are more indians than […]

Read More →

AOT reported airport slots exceeded 85% of capacity for an upcoming holiday season, expects arrivals jump as entry curbs eased. Comment: And just look, Hong Kong is being used as the testing bed for China to reduce quarantines, then we have Japan fully opening up, this region is going to start flying like mad for […]

Read More →

AOT is expected to gain 6.5m passenger after adding 3 airports to management (Udon Thani, Krabi and Buri Ram), translated to 5-6% profit upside, Tabloid. Comment: Thailand’s airport system is actually rather fantastic. Go fly around Europe or the US, a shambles in comparison. BAFS sees clear sign of recovery this year, sets 3,000m liter […]

Read More →