BIOTEC signed MOU Beijing Super Power New Energy Tech Development (BJGSP) to invest in solid state battery to fill demand for energy storage for solar farm & household users. Comment: I have zero faith in anything a Thai company invests into in China. (exclu MINT with the food business) CENTEL may see positive surprise hotel […]

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BTS & BEM are expected to benefit from surging ridership on Blackpink concert this weekend Jan 7-8. Comment: News is reallllllllllllllllly lacking this first week back. CENTEL sees advance booking from Chinese travel agents accelerates ahead of China border reopens. Comment: Would be good to know what % this is of total bookings. EKH sees […]

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BEM: expects daily average MRT ridership jumps from 300k to 500k trips/day during TH Red Cross fair at Lumpini Park during Dec 8-18. Comment: And the fact that people are back in the offices even though the wuflu is still going around. CENTEL: sets Bt 6b capex for hotel, F&B and M&A. Comment: This is […]

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ASIAN raised revenue target to 22-23% or Bt11.6b, from 19% or Bt11.2b, on higher growth in pet food, tuna business, weak THB, and gain from 10% AAI stake sale in 4Q, boosting GM to 19%. Comment: Just outstanding BRI reaffirms Bt11b FY sales target, 50% of Bt2.19b outstanding backlog to realize in 4Q, will launch […]

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BA submitted filing to SEC to establish BA airport leasehold REIT (BAREIT) to invest in its Samui int’l airport, fund size up to Bt14.3b. BANPU invests US$150m in healthcare fund in U.S. as founding partner. Comment: Wait what? Someone go take over BANPU, their capital allocation is frustrating.. BBLAM, who manages JASIF, said ADVANC’s plan […]

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ASK reported Bt15b new loan 5M22, driven by e-commerce, logistic, agricultural and tourism sectors, keeps Bt37b full year target, lifts loanbook to Bt66b by end of year. BAM and KTB, both held by FIDF, are allowed to set up a JV AMC. BAM’s in talks with 7 banks for such JV. Comment: Setting up an […]

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BEM upbeats 1Q earnings from 200k average MRT ridership/day, 1m trips tollway usage/day. CENTEL sees recovery in hotel and F&B business to Bt5.9b and Bt12b to the level seen in 2019, boosted by relaxed PCR rules for tourists starting April 1, and 2 new hotels in Dubai and Samui. Comment: No reason to be surprised, […]

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BAM allots Bt9b budget to add bad debts, maintained Bt17b full year cash collection target, in talk partner to establish jv distressed assets mgt on unsecured loans, inks deal 2Q. Comment: They’re going to have to raise capital, the amount of bad debt/npls that are going to continue coming after this massive rise in commodity […]

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BAM received a proposal from one bank for NPL & NPA port, confident of securing >1 JV deal with banks to set up AMC in 1H22, in talks with 4-5 banks, sets Bt9b capex. Comment: The listed players JMT CHAYO and BAM should have a great 5 years. CENTEL said OCC at its hotels in […]

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ASIAN: maintained 10% FT21 revenue growth target >Bt9.4b, supported by Pet food & frozen food export sales volume as demand grows on improved purchasing power, mulls listing canned tuna & fish meal producer subsidiary, Asian Alliance (AAI), on SET next year. CENTEL sees FY22 EBITDA turns positive supported by recovery F&B operation, expects hotel RevPar […]

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