AOT reported 7 days passenger traffic via 6 airports under management during Songkran fest (Apr 11-17) +22.7% yoy to 2.49m travelers, aircrafts movement +15.3% yoy to 14,934 flights. Comment: And voila….2025 is going to be higher. And people still don’t believe it yet. ASW anticipates 2Q turnaround from completion of 4 condos total Bt6.6b, tailwind […]

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ASW recorded Bt6,269m 1Q sales, +65% yoy and account for 35% of Bt17,800m FY24 target, its “Title” jv project has 50% booked and Title Serenity NaiYang Phuket attracts lots of interest, plans 2 projects worth Bt2,460m in 2Q. COCOCO reaffirms 30-40% revenue growth target this year, on rising demand for coconut water and related products, […]

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ASW sets Bt8.7b revenue target this year, Bt19.5b backlog, starts transferring 9 projects worth Bt14.7b, sets Bt17.8b presales, 12 new projects worth Bt25.92b. CREDIT: Thai Credit Bank debuts IPO 254.12m shares at Bt29 apiece, CIMB (TH) leads. Thai Credit bank (CREDIT) sets 20-30% loan port growth p.a., 9M23 NIM at 8.2%, highest among peers and […]

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ADVANC 4Q net profit @ Bt7.36b vs Bt7.485b estimate, FY @ Bt29b, +12% yoy vs Bt29.3b consensus, pays Bt4.61 dps XD Feb 19, AGM Mar 25. APURE targets record high revenue this year >Bt3b driven by larger sweet corn exports volume to US, Japan & Saudi Arabia, improved orders feeding from hotels & F&B clients […]

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ASW mulls 3 new horizontal projects worth Bt4.1b, via the Honor high-ended brand this year. Comment: what??? I’m going to have to go through their numbers again, but I thought this propco was on the verge of going under. Thai NVDR said NVDR holding in BBL has reached 23.23%, vs 25% limit. Comment: It is […]

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ANI sets 25-30% rev growth target next year on higher airlines partners to cover Europe, with supports from shareholders, III and SKY, while SJWD mulls taking a majority stake. Comment: I do like the business here, it was the main value driver for III. ASW revised FY23 launch plan to 15 project worth Bt 30.26b […]

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ASW keeps Bt15b FY residential sales target after logged Bt11.784b 9M23, maintain 5 launch plan total Bt11.55b in 4Q. BBL, TTB and KTB are expected to report robust profit growth in 3Q driven by NIM expansion, Thunhoon. Comment: Your deposit rates are up 1% yay! Your lending rates are up +2%….. BCH upbeats 3Q earnings […]

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ASW reported 3 locations of campus condo sweeping sales of Bt4b, will launch another project nearby Thammasart University Rangsit in 4Q under the Kev project. PROEN wins 2 underground cable project from Provincial Electricity Authority & Mae Sor Municipality total Bt179.8m. TASCO cuts FY asphalt sales volume target to 1.2m tons due to feedstock shortage […]

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ASW: forms venture with Tokyo Tatemono to joint develop Bt2b low-rise project, Kave Coco Bangsaen, adjacent to Burapa university. Comment: An underrated seaside town. Makes sense, there is a lack of decent residential development along the seaside there. SPRC: anticipates 3Q turnaround after hit by stock loss and poor GRM in 2Q. THANI: expects low-key […]

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ASW reports Bt3.5b presales in 1Q23, +227%, plans 3 more projects worth Bt4.25b in 2Q. Comment: One of the few smaller players that is going to survive. BCPG acquires 2 gas-fired power plants in the US worth Bt9b, 426MW , boosting its US capacity to 577MW, sees clarity in battery business after collaboration with Ampace. […]

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