CHAYO seeks license from BOT to set up an AMC with banking partner in 4Q, target to buy Bt30b worth of bad debt for management in 2022-23, to sell Bt900m land in Phuket in July, firms on 30% revenue growth target this year. Comment: The issue for the industry is that the BOT has yet […]

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AP reported 4M22 SDH sales +37% yoy >Bt13.5b, ramps up campaign to boost sales, target third consecutive record high profit this year. GPSC anticipates 2Q turnaround from resumption of Glow Energy Phase 5, higher Ft QoQ, contribution from PP investment in India, 192mw new capacity from Glow Energy Phase 2 (SPP replacement) to cod in […]

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BAM received a proposal from one bank for NPL & NPA port, confident of securing >1 JV deal with banks to set up AMC in 1H22, in talks with 4-5 banks, sets Bt9b capex. Comment: The listed players JMT CHAYO and BAM should have a great 5 years. CENTEL said OCC at its hotels in […]

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CGH sets up PI Ventures with Bt500m capital to expand tech investments, including digital assets and Metaverse related projects around the world. Comment: They are very good at making money, for themselves, not minority shareholders. GPSC established jv with PTT, Nuovo Plus, to invest in battery value chain, supporting EV & renewable power storage business. […]

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Thai AirAsia (TAA) predicts full recovery for Thai tourism in the next 2 years as international borders will gradually be opened by next year, while passenger traffic has yet to resume despite the country’s reopening on November 1. Comment: Depends upon the definition of a full recovery. But w/o a doubt I still think tourism […]

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BEM extend MRT operating hours 6am-11pm for Blue line & 5:30am-11pm for Purple from Oct 16 as curfew shorthened to 11pm-3am vs 10pm-4am prior. BCP: Social Security Office raised holding by 0.0552% to 15.0391% of total outstanding on October 12. BEYOND sees demand picking up ahead of November 1 reopening, especially at two luxury hotels […]

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BA to resume Samui-Phuket route, from Aug 25, will return 1 lease aircraft this year and 6 in FY22 lower fleet size to 32 from current 39 by end of next year. Comment: Airlines are (were?) a fantastic reopening play.  BANPU sees solid 3Q from high gas and coal price, and revenue contribution from El […]

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AEC: name change to Beyond Securities Pcl, ticker change to BYD, warrant (AEC-W6) ticker change to BYD-W6 effective Monday. Comment: This firm has been on the market for sale for a year. BLA expects to report solid 2Q from higher premium on health insurance sales via bancassurance, investment gains & lower provision yoy, Tabloid. GPSC […]

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APURE inked deal with Walmart to supply canned sweet corn, cream style corn, sweet corn in vacuum pack and canned baby corn thru its hypermarket in US & EU, target 30-40% CAGR over next 3 years, expects to get additional client on board in 4Q. Comment: That’s an incredible achievement. Thus the price wasn’t purely […]

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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. […]

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