DITTO board approved jv with TEAMG & Wong Siam to expand water management business. Comment: Not sure how this relates to their existing business model. EGCO to acquire 49% stake in 609mw gas-fired power plants in Rhode Island, Cogentrix RISEC Holding, to strengthen presence in the U.S., transaction to be completed in 1Q23. NRF cod-ed […]
Read More →BAM anticipates 2 year high earnings from lower provision, will wrap up NPA land sales to SENA in 2H, mulls establish distressed assets management venture with finance to boost revenue. Comment: Well I think that we can all guess that BAM and KTB should/will partner. BAY’s card unit, Krungsri Consumer, reported Bt153b card spending during […]
Read More →BEM expects daily avg FY22 MRT riderships within 300k-400k trips/day, above 200k avg FY21, sees Jul Blue line ridership at 320k trips/day, account for 80% of pre-Covid level while avg tollway traffic stands at 1m trips/day account for 85% of pre-Covid. Comment: Is the -15% drop due to the number of entities shut down? Or […]
Read More →AMATA mulls revising up FY22 revenue guidance from improved land & utilities sales, Bt1.45b out of Bt4.768b backlog to realize this year, sees upside from increased FDI. AMATAV target 100% revenue growth this year from strong industrial land sales in Vietnam from manufacturing relocation, higher selling price yoy on surging demand. Comment: Low base more […]
Read More →ACE upbeats FY22 outlook from 250mw capacity on hand, full year recognition of 9.9mw biomass power plants cod-ed November 21, will sign 59mw community power PPA with Provincial Electricity Authority (PEA) by eo-1Q. CWT sets >10% revenue growth target this year, on power business and leather seats, expected to see big jump in orders, tracking […]
Read More →Notable Transactions Buy(s) THB 562 mn JMART – The Founder is still buying up shares, another THB 100 mn. RAM – The MD and a Director want to join in the party of the upcoming stock split? SPALI – Family members continue to buy shares in their co. HEMP – The CEO buys shares (from?) […]
Read More →AUCT: anticipates recovery traffic at auction yard 2Q onward as repossessed vehicles mounting on third wave of pandemic, expects wider margins this year from lower SG&A and online auctions, upside from partnership with leasing & distressed assets management partners (ECL & CHAYO). Comment: CHAYO is the interesting play here, they have access and now a […]
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