GPSC: acquires additional stake in Ratchburi Power (RPCL), an independent power producer with an installed capacity of 1,400mw from Toyota Tsusho Corp and Chubu Electric Power, company will indirectly hold 40.625% stake post transaction. GULF: CEO, Sarath Ratanavadi, sold 62m shares (0.41%) at Bt47 each to JPM Structured Products B.V., his group still hold 59.96% […]
Read More →CPAXT mulls revamping fulfilment center to improve sales from omni channel, expand private label & exclusive items to boost margin, sees no impact from TH-C’dia border dispute on co., has only 3 branches in Cambodia (2 in Phnom Penh & 1 in Seam Reap) account for <1% of total rev. Comment: CPAXT should instead mull […]
Read More →DELTA anticipates the AI boom will boost sales of networking and data-center power equipment. New AI hardware from NVIDIA and peers is expected to increase demand for advanced power supply and thermal solutions. Comment: Pumping it at the right time? GPSC expects stronger 3Q earnings from improved steam and electricity sales to industrial users. Natural […]
Read More →CHG mulls adding 70 IPD beds in 2H to accommodate surged traffic from international patients & larger SSO patients quota yoy, expects positive earnings momentum carry thru 2H on seasonal, narrower loss from newly opened hospitals & absence of provision related to Covid, firms on 15% FY revenue growth target. Transport ministry told Highway Dept […]
Read More →AOT reported 7 days passenger traffic via 6 airports under management during Songkran fest (Apr 11-17) +22.7% yoy to 2.49m travelers, aircrafts movement +15.3% yoy to 14,934 flights. Comment: And voila….2025 is going to be higher. And people still don’t believe it yet. ASW anticipates 2Q turnaround from completion of 4 condos total Bt6.6b, tailwind […]
Read More →ERW firms on plan to open 14 Hop Inn budget hotels in Thailand, Philippine & Japan this year, to upgrade mid-scale & luxury hotel group to improve room rate, target 5% RevPar growth this year. Comment: It’s genuinely remarkable how consistent this group has been. But let’s see still plenty of time to f things […]
Read More →BEM reported 5 tranches of bond total Bt5b sold out, 5.2x times covered, pays 3.07-4.05% p.a., will use proceed to refinance Blue line MRT project. Comment: Strong players are going to be perfectly fine. Look at that cost of financing, it’s peanuts. EA expects to wrap up big-lot EV orders by end of 1Q, target […]
Read More →AOT sets Bt9b capex to expand East terminal, adding 66k sq.m. to up SIA capacity to 60m psx p.a. from current 45m, expects to open bid within Apr-May, begin construction in July, target completion within 2 years. AOT’s expected to report after close Bt5.1b 1Q24 (ending Dec 23) consensus. Comment: People forget that AOT had […]
Read More →CHAYO: board gives nod to spin-off P-Loan unit, Chayo Capital, (CCAP) will sell IPO 125m shares (25% of paid-up) & list on MAI. Comment: And investors will be surprised by how small this entity is. (or not) GPSC acquires 50% of PTT’s renewable unit, Global Renewable Power (GRP), for Bt1.275b, to complete by end of […]
Read More →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 […]
Read More →