BGRIM reported 4 tranches of CD, paying 2.84% to3.9% p.a. completely sold out with 2x bk covered. Comment: No funding issues for the stronger “quality” names. BPP sells 91.69mw interest in Tokimei Kumiai (TK) solar project in JPN for Bt4.46b, transaction to complete within 3Q25. GULF CEO and major shareholder Sararath bot 62.97m share of […]
Read More →AOT holds briefing after board meets to discuss King Power Duty Free’s request to surrender concessions at Phuket, Chiang Mai and Hat Yai airports at 2:45pm. AOT plans to hire advisers to review the operations under its management, AOT plans to hire advisers to review the operations under its management, an analysis will be completed […]
Read More →Notable Transactions Buy(s) THB 340 mn Sell(s) THB 584 mn
Read More →GULF is taking a cautious stance this year, with no plans to acquire new energy assets or increase its stake in KBANK, citing the slowing economy. The company is also considering selling some assets to improve cash flow. Comment: Wait, GULF is having cash flow issues? Or did they receive a slap on the hand […]
Read More →ADVANC, GULF, JAS secure exclusive rights for Thai Football League broadcasts for the next 4 seasons till 2029, includes an option for a 2-year extension. Comment: It does feel that Gulf is slowly chopping away at the stranglehold that CP group has had with True. AOT: Emirates launch 2 new routes via BKK-Danang & BKK-Siam […]
Read More →GULF reported 1Q net income rose 55% yoy to Bt6.6b, based on pro forma financial performance after completing a merger in April.GULF is to raise Bt300b to refinance and boost future investment after merging with INTUCH, over next 5-10 yrs. The plan will replace the Bt200b plan, under which Bt185b have already been issued. Comment: […]
Read More →BGRIM posts 51.6% increase in net profit for first quarter: B.Grimm Power Plc (BGRIM) reported a 51.6% increase in net profit for the first quarter this year, while advancing industrial user expansion and nearing commercial operation dates for its renewable energy projects. Net profit jumped by 51.6% to 749 million baht, while earnings before interest, […]
Read More →AOT to lure private sector to develop 46 pieces of land around its 6 airports, covering 2,152 rais or 993 acres to diversify rev mix from the current 55:45 (aero : non-aero) Comment: If they do more shopping malls…it’d be ridiculous. One hopes that they actually develop something that is more outdoor active focused – […]
Read More →BBL: 1Q net profit @ Bt12.61b +19.8% y/y, beat Bt11.35b consensus, better than expected non-NII & lower than expected LLP able off set sluggish loan and soft NIM at 2.89% vs 3.06% y/y due to rate cut impact & effort to restructure debts with interest haircut after NPLs repeatedly relapsed. Comment: Oh – the banks […]
Read More →GULF in 70:30 JV with PTT to build a LNG receiving terminal in Map Ta Phut deep-sea port with carrying capacity of 5m tonnes a year to help it better manage imported LNG which will be supplied to its power plants. Comment: It’s amusing that the government is actively partnering with the crony capitalist vehicle […]
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