CRC sees >20% sales growth in 1Q on Easy E-Receipt program, sets Bt500m for the Great Chinese New Year 2024 from Jan 10 – Feb 20. Comment: I would like to see a government remove this type of fiscal stimulus to know what real demand is. CMAN with KMC Indian JV to build world class […]

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AP maintains aggressive launch plan in 4Q, total 23 projects worth Bt35.74b comprise of 11 townhome (Bt11.05b), 9 SDH (Bt16.45b), 2 condo (Bt7.3b) & 1 upcountry projects (Bt940m), will kick-off presales of Bt2.3b condo 29 storey 593 units, Aspire Vibha-Victory, on double day 11.11. Comment: The decent listed players are doing far better than most […]

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It’s been months since my last Random Thoughts, I’ve found a bunch I saved on evernote…so sit back, grab a patongo and enjoy. Models – poorly borrowed from Dilbert’s creator, Scott Adams, and modified slightly. Thailand – international bonds issuance? https://www.bangkokpost.com/business/general/2670539/thailand-eyes-international-bonds Thoughts: This, to me, is an important indicator for Thailand – 1) domestic liquidity […]

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CIVIL upbeats 4Q earnings from Bt1.38b highway project transfer to Department of Highway, Bt23.92b backlog assures earnings visibility. COTTO: 3Qnp @ Bt210m, +55% yoy, thanks to lower energy costs for tiles & building material production, sales +4% yoy, board approved investment in production line of stone plastic composite (SPC) capacity 1.8m sq.m. p.a. at Hinkong […]

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CPALL to sell 3 tranches of CD rating A+, interest rates w/in 3.55-4.4% range, open for subscription on Oct 9-11 & Oct 26-30. Comment: It’ll be interesting to see if CP(take)all’s CD’s easily sell out – of course we all expect that it will. CRC to launch wholesale business, GO Wholesale, in Oct to boost […]

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ANAN mulls 5 new remedy options for Ashton Asoke for court consideration. Comment: The CEO & Board should be sued by shareholders, they lied pre-covid that this issue was resolved. DMT reaffirms 30% FY revenue growth target driven by strong tollway traffic, target FY average daily traffic >110k trips/day. BCP board approved Bt9.30-Bt9.70/share for ESSO […]

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AS board approves purchase of 9.22% stake in Bitkup Online for Bt600m. Comment: Probably pushed by SABUY, buying bitkub at 20x PE…ok…and remember that SCBXXX offered thb 30-40 bn 2 years ago, found a whole lot of financial shenanigans and then walked away, so now bitkub is valued at thb 6bn…a steal!!!!!!!!! idiots.. CENTEL sees […]

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ACG sets Bt300m to expand AutoClik (Fast-Fit) branches to 20 this year, from 13 currently, and 30 by end of 24, to open its 13th in Phuket today. Central Marketing Group (CMG), a unit of CRC, and a leading distributor of >40 top global brands in fashion, beauty, watches, and tech segments, anticipates revenue growth […]

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ASIAN: local fund, KSAM, cuts holding by 0.0399% to 4.9908% on Jun 12. Comment: Taking advantage of the price recovery and/or doubting the potential upside should the industry recover? AUCT reaffirms solid 2Q from robust traffic thru auction yards on surging repossessed vehicles from financial institution, expects positive momentum continue in 2H. Comment: They are […]

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ADVANC targets 30% revenue contribution from new S-Curve in 3 years, and 70% mobile business, sets Bt20-30b capex p.a., firms on support from GULF for its virtual bank business. Comment: Name me 1 virtual bank that makes money, none, but pivot this to name me 1 digital wealth management platform that makes money – this […]

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