AH sees solid 2Q on recovering auto industry, momentum into 2H, boosting revenue this year >Bt21b, mulls new MG showroom in Prathum later this year. Comment: A call with the owner said that the Just-in-time processes remain the target. AP sees record 1H21 on rising demand for horizontal projects, expecting Bt20,000m in transfers, Bt17,817m pre-sales […]

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AP upbeats 2Q earnings after logged Bt1.4b profit in 1Q +127% yoy thanks to healthy demand for SDH and transfer of ready-to-move in condos, will launch 5 SDH projects total Bt2.66b in 2Q. Comment: These are impressive figures, there are still developers doing well. Why? Their smaller listed and definitely non-listed competitors are dead. ASIAN […]

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Asia Cab in JV with 4 partners, including EA and SCG chemical, to develop 1st Thai EV cab prototype, while EA said its EV plant in on track to COD in 2-3 months. Comment:  EA are going to be the GULF of this industry. You’ve been witnessing the growth of crony capitalism in Thailand over […]

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AGE reaffirms big jump 4Q20 from strong coal exports to China, logged FY20 sales volume above 3.5mt target, 1m tons backlog to realize till eo-2Q21, mulls to add vessels and trucks to boost transport revenue, seeks to expand power business. Comment: I used to refer to them as baby banpu pre-2010. But they are traders […]

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AH will turn profitable this year, supported by solid 4Q, expecting Bt5b sales, on par with 3Q, in-line with industry. AH upbeats FY21 earnings from recovery parts orders, will kick-off transfer of Bt1.5b EV parts order next year, eyes 10-15% revenue growth target, margins no less than 10%. Comment: EV isn’t a story for AH […]

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AP: local fund, KSAM, cuts holding by 0.1724% to 4.8731% of total outstanding on Monday (November 16), SEC filing. ASIAN sees positive earnings momentum carrying thru FY21 after reducing reliance on frozen seafood, branching out to pet food, pre-cooked and ready meal, seeks M&A logistics & pet food producer to support group business. Comment: Lockdown’s […]

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GSB denied report that it’s paying Bt2b for 48.59% stake in AMANAH. Comment: That rumour was quickly dispelled within the day, next name is SAWAD – which hasn’t issued a press release denying the rumours. If so SAWAD may get into MTC’s business – motorbikes. AP may report 115-128% growth in 3Q NP to Bt1,330m […]

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AP: reported 9M20 at Bt 24b account for 72% of Bt 33.5b full year target, maintaining launch plan 10 SDH projects worth Bt 9.43b for, Bt 23.4b out of Bt 51.97b outstanding backlog (end of September 30) to realize in 4Q. Comment: Is this what led to several of the property players to run today? […]

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AP reports Bt1b presales from newly launched 6 SDH projects on 1st 2 days, 8M20 SDH sales topped Bt18.4b account for 82% of horizontal sales target, maintaining launch plans 16 SDH projects total Bt17.5b for remaining 4 months, Bt12b out of Bt49.33b outstanding backlog to realize this year. AWC seeks M&A existing hotels to scoop […]

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ADVANC in 70:30 JV with SPI to set up Saha Advance Network (SAN) with Bt30m registered cap, offering fiber optic and ICT infra within SPI’s industrial estate and EEC area. AMA target to lift biodiesel transport revenue to 15% of total revenue from 11% last year, sees solid turnaround 2H from higher traffic from improving […]

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