BEM reported May MRT riderships +50% yoy, 5% qoq to 345k trips/d, tollway +5% yoy to 1.1m trips account for 90% of pre-covid level, upbeat 2H outlook from surging traffic following cod of monorail Yellow line, upcoming pink line and boost from Lumpini station after cod of One BKK project 1Q24. Comment: And the YoY […]
Read More →AP sees Apr-May presales at Bt7.8b, lifts 5M presales to Bt18b, account for 32% of Bt58b full year target +15% yoy. BTS is optimistic on getting Bt20b overdue payment from BMA after BKK Governor prepares to seek approval from board in early Jul. Comment: It is legally owned to BTS…the BMA has to pay up. […]
Read More →AMATA to build its 2nd TH-Chinese IE in Rayong, valued at Bt2b, to serve mainland investors and support EV and battery manufacturing pjs. Comment: Sigh….I just hate that this is the direction the country is taking. But hats off to Amata, they’ve been able to capture the Japanese and now the Chinese manufacturing co’s expanding […]
Read More →BTS: Yellow line monorail to begin 30 days trial run from Jun 30. CPF to invest $2.5b in agriculture tech development in Philippines covering swine, poultry, shrimp and food production, sees potential from growing domestic consumption of meat on the back of rising population. Comment: This could be a game changer for the country…and gives […]
Read More →GRAND: BTS raised holding by 0.059% to 15.0505% on Apr 26. Comment: Everyone’s known that GRAND was cheap and waiting for a new shareholder/management team to do something with it. I don’t think BTS group is the answer, but the stock could pump…. JMART: board approved share buyback up to 16m shares (1.1% of paid […]
Read More →BTS sees no material impact from Bt300m invested in 100m shares of STARK @ Bt3 average. Comment: They’ve had to face a fair bit in the past 6-9 months, JMART, JMT, SINGER all crashing, then the news from the government not paying followed by this STARK. CHG sets up CSG Wellness Center Samutprakarn to capitalize […]
Read More →Notable Transactions Buy(s) THB 540 mn Sell(s) THB 128 mn
Read More →Notable Transactions Buy(s) THB 724 mn Sell(s) THB 474 mn
Read More →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 […]
Read More →AWC inked deal Zhejiang China Commodities City Group (CCC Group) to expand wholesales AEC trade center, solution service center for EXIM operators & ecommerce merchants, bulk purchase, group purchase & multi level procurement. Comment: Well there you go, they are happy for Thailand to be a net importer from China. This is going to kill […]
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