BTS: cabinet approved fare for monorail yellow line (Ladprao-Samrong) from Bt15 up to Bt45/trip, cod from Jul 3. MINT to acquire 100% stake in Singco Trading Pte, the intellectual property holder of Sizzler, except in US, Guatemala, and Puerto Rico, for Bt546m, including 64 restaurants in TH and 10 in JP, eyes expansion into China, […]
Read More →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 […]
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