BEM sees positive profit momentum thru 3Q from continuous ridership growth on Blue line MRT supported by full quarter of the academic year & tourism, tollway traffic remain Comment: Printing $ BGRIM signed MOU with BKK Industrial Gas (BIG) to study feasibility to replace fossil fuels with green hydrogen for power plant, target net zero […]

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CPF’s top line drivers could improve with higher sales price of swine & poultry, and better expected volume of livestock brightening mid-term Outlook. International sales, 60% of revenue, remain key to expansion, BI. Comment: It’s going to be better than you expect…. BYD’s chairman said heard about report that EA’s selling TSB to raise fund […]

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ALLY reaffirms 2Q turnaround from eased interest burden after re-payment, contribution from new asset on board, Happy Avenue, small sized community mall Donmuang district. CPF could see flagging sales at its China pork biz on China’s anti-dumping probe on imports from EU, with any gains probably minuscule. CPF’s livestock sales from China -36% yoy, account […]

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BGRIM Holding, a unit of BGRIM, has acquired the 30-mw Malacha hydropower plant in Northern California from Brookfield Renewable US and affiliates for Bt2.5b, sees immediate rev recognition in the tune of Bt300-400m p.a. Comment: Perhaps we should protest in front of BGRIM’s offices for contributing to higher energy prices. SGP keeps FY LPG sales […]

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AH anticipates positive earnings momentum continue next year driven by robust growth from EV parts orders, contribution from subsidiary (Able EV), Changan dealership business. Comment: Still find it ridiculous that Thailand is going down this EV route. I’ll happily bet that Hydrogen>EV in the next decade. ANI: freight forwarder, Asia Network International, major holding by […]

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ADVANC completed successful testing of 5G standalone (5G SA) roaming with Deutsche Telekom Global Carrier & T-Mobile, completing 5G SA roaming btw the US and Switzerland and the US and Thailand. ARIN: local fund, KKPAM, purged entire holding 21.6666% on Dec 8. Comment: News appears to be misleading here, it’s most likely a transfer from […]

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AOT said flight schedule at 6 of its airports during winter rose 20.32%, sees continued growth in Chinese arrivals to 16% of overall next year from 12.9% current, while it’s normal to see Chinese carriers returning flight slots in Nov 23 – Mar 24, while Bt30/pax rise in PSC should bring in additional Bt3.6b rev […]

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AOT: Transport Minister mulls propose Royal Thai Air force to obtain vacant flight slots to accommodate commercial flights on an upcoming high season. Comment: As Queen ML says “this looks like they’re getting ready to announce a huge capex for AOT” CPF & BTG are expected to turnaround in 4Q as domestic swine selling price […]

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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. […]

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CKP sees 3Q turnaround from improved flow rate at Xyaburi & Nam Ngum hydro power plant on rainy season, mulls develop windfarm in Vietnam to capture demand for power. CPF bought back 4.22m shares @ Bt20.4-Bt20.5 on June 8, taking total to 123.74m or 1.44% of paid-up. The scheme ends June 18, for max 200m […]

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