BAM sees 2Q turnaround on improved cash collection, eased jitter on NPA sales aft resolved loan rejection issue from fin institution, jv distressed assets management with Government Saving Bank (GSB) supported earnings. Comment: When the government starts spending => the banks will start lending => these names will take off again. EPG sets Bt466m capex […]

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AAV will introduce direct flights from BKK to Indian city Tiruchirappalli in southern India, start on Sept 21 with 3 weekly flights, expects robust growth as Indian travelers make up 80-90% passenger of flights between India and TH with load factors avg at 88% , indicating India’s huge market potential. Comment: It’s time for incredible […]

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AH sees rising opportunity for EV parts orders and Changan dealership shows strong growth, sets Bt800m capex this year. Comment: Sure – but again – total volume growth isn’t there, it’s just replacement for the domestic market. BAFS sets Bt1.2b capex for project to connect pipeline with Thappline in Bang Pa-in, contract by 1H24 and […]

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CENTEL sees 16% growth in bookings in 1Q at 77% OCC, solid momentum boosted by Goverment’s Maha Songkran Festival in April. Comment: Tourism is going to continue going to the moon. You don’t realise that Thailand is the future Chinindian capital of the world EPG sees solid 4Q24 (ending Mar 24) on higher sales in […]

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ADVANC sold 33.33% of e-wallet Rabbit Line Pay to Line man (TH) & Line Company (TH), VGI also purged 33.33% to both parties. Comment: Looks like digital wallets and all these “fancy” things actually don’t make $….who woulda thunk it. BAFS maintain 4.2b FY jet refueling volume target +40% yoy from 2.99B FY22, sees rev […]

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AOT’s gathering info on Bt36b 3rd phase upgrade of Donmuang airport, target 50m pax/year, with bidding in 2024 and COD in 2029. AOT sees fiscal 2023, ending Sept 30, 2023, pax exceeding 120m at 6 of its airports, 25% higher than forecast, with 170K/day at Suvarnabhumi alone. Comment: More economic activity coming. BJC delays BigC’s […]

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AKR targets winning Bt200-300m of Bt500m EPC projects it plans to bid, eyes Bt3b bidding in transformer projects, with 10-12% winning rate. Comment: Even though I think the EV trend is bs purely because of basic engineering and science, if the government moves this way, Thailand does need to upgrade the entire grid system and […]

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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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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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ANAN in collaboration with KME Prop to enter Myanmar luxury segment, sets Bt300m presales target. Comment: Are they nuts? Money laundering? Isn’t there a war still going on there? So ANAN is happy to provide Burmese generals an overpriced piece of real estate? BBL to raise lending and deposit rates by 25 bps today, to […]

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