CPALL opens the 1st store of 7-11 in Phnom Penh, Cambodia. Comment: Years in the marking and finally executed. EPG sets Bt300m capex for M&A, revamp food packaging unit & auto parts production, maintained 12-15% full year revenue growth target. GLOBAL estimated subsidiary in China, Guangxi Global House International Trade, to source products from China, […]
Read More →ASIAN keeps Bt9.4b FY21 revenue target after logged Bt4.6b in 1H, sees demand for pet foods, pre-cooked meal & frozen seafood remained strong in 2H, positive THB revenue from weak currency. BANPU trades XR 3:1 @ Bt 5, XW 1:1 for RO subscribers today. Comment: They’ve already announced 1 deal, but I’m still annoyed by […]
Read More →AUCT shifts entire vehicles auction to online to gain larger exposure, mitigate disruption from travel restriction, reduce operating costs, sees surging auto & motorbike traffic in 2H, eyes 10% revenue growth target. Comment: Natural growth for them. Margin expansion could be incredible should this be accepted by the car tents whom are the major buyers. […]
Read More →AWC reports advance booking topped 50% capacity of hotels in Phuket, expects positive OCC carry thru 4Q, eyes M&A to expand portfolio. Comment: Why them? They have scale, the 1 hotel operator/owner is dead (unless they are your favourite boutique). Capital will flow to the big boys. BBL, Sunway, Linklogis will jointly apply for a […]
Read More →*Effective 1 July SET announced SET50 and SET100 rebalance for 2H21: SET50: Ins : IRPC, KCE, STA, STGT. Outs: AWC, BAM, TOA, VGI. SET100: Ins: AAV, ICHI, NRF, PSL, PTL, SINGER, STGT, SYNEX, TKN. Outs: AWC, BPP, EPG, GFPT, MBK, TOA, TPIPP, TTW, WHAUP. sSET: 34 securities consisting of: Seven Utilities and Power pcl (7UP), […]
Read More →AH anticipates positive momentum carry thru 2H from strong parts order from domestic & oversea clients, higher utilization rate yoy, target margins within 10-12%, aims to catch ride on EV boom via MG car dealership business. Comment: Look at the leasing companies in EU and the US. They retired their fleets last year due to […]
Read More →AOT’s Bt41b passenger terminal (north expansion) gets greenlight from Deputy PM yesterday, as well as Bt7.8b (east expansion), with constructions start Jan 23 and April 22 respectively. Comment: The valuation of AOT still makes no sense. But c’est la vie. CK secured Bt5b water transmission tunnel, to official sign Bt47b dual-tracked Denchai-Chiangrai contract, boosting FY21 […]
Read More →EPG’s confident of >Bt9b revenue this year, sees windfall from Biden’s latest infra spending plans. Comment: No, no, no. It’s a margin game for this company, half of it are auto’s (ok fine a recovery) but a “high oil price” is awful for their margins. HANA expects revenue this year to be close to 2019 […]
Read More →ADB upbeats FY21 outlook from recovery demand for compound plastic beads, adhesives and sealants for med supplies, wire coated, building material and auto. CKP expects 15-30% revenue growth this year, sets Bt2-4b capex for PP. BTS signs Pink Line extension into Muangthong Thani with NBM worth Bt4,230m, with BLAND in for Bt1,250m and the rest […]
Read More →CBG anticipates wider margins this year from full year contribution of new canning plant, improved econ of scale from larger OEM bottling orders, will add 1 new functional drink under C+Lock range, package subsidiary, APM, to cod paper containers 1Q21. CHO signs MOU with Thailand London taxi operator, Asia Cab, to jointly develop PEV and […]
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