AMA raised land transport utilization to 85% from 80%, better April than Jan, on higher rate and margin, brighter 2Q post vessel maintenance, adding new vessel in 2H. AP reports Bt17.5b 1Q presales, on higher demand in all segment, plans 22 new projects in 2Q worth Bt27.7b. CHAYO bought Bt29.04m of bad debts in 1Q, […]

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AOT’s price hike on Passenger Service Charges: PSC at 6 airports under management t effective today (Apr 1), international departure revised to Bt730 from Bt700 & domestic departure to Bt130 from Bt100. Comment: That’s a hefty jump in % terms for domestic. BA in talks 2 airline partners for codeshare agreement, expects to conclude in […]

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AAV upbeats FY24 earnings as TH-China flights jumped 3 fold following visa wavier became effective, upside from BKK (DMK) – Beijing route, mulls adding 3k seats domestic & international flights to capture travel demand during Songkran festive in Apr, aims to keeps LCC market share within 35-40% range, lower exp on interest & aircraft upgrade […]

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AMATA reaffirms solid turnaround, multiple industrial land sales contract pending to sign in the pipeline, 50% out of Bt14.2b backlog to realize this year, price hike at Chonburi & Rayong (Bt11m/rai & Bt4.5m/rai) boost margin. Comment: China + 1 (or as we say…GTFO of China strategy) helps everyone BCP: SSO cuts holding by 0.1106% to […]

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ASAP target vehicle sales >2,500 units from a 2-week event, BKK International Motor Show (Mar 27-Apr 4), expects positive feedback from new launch Changan Lumin EV & Deepal L07-S07 long range. Comment: This will be interesting to follow, EV gov subs are still there but lower, will these oddly named EV cars do well? BKGI: […]

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BEM sees all time high daily MRT riderships in Feb at 550k trips, tollway traffic hit 1.2m trips, rental revenue growth from commercial space +10% yoy, firms on 8-10% FY24 revenue growth target. CHAYO board approved spin-off plan of subsidiary, Chayo Capital (CCAP), will sell IPO up to 125m shares and list on MAI. Comment: […]

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AH eyes 3-5% full year sales growth target driven by larger auto parts orders from establishment of 2-3 Chinese BEV manufacturing plants in TH, sets Bt400m capex to build new plant to accommodate orders from new clients, target cod by end of FY25. GULF: digital assets unit, Gulf Binance, begins digital asset exchange & brokerage […]

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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 […]

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ADVANC: completed acquisition of Triple T Broadband (TTTBB), also completed purchase of invest units in JASIF which now own 19% stake in the fund. The settlement value of transaction adjusted to Bt 28.37b from 32.42b, according to filing. AMATA: completed entire business transfer related to utilities & service biz for industrial estates to AMATA U, […]

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AAI upbeats 2H outlook from lower tuna & wider margin from improved product mix & lower SG&A, in talk 2 department stores in the US to supply private label pet food, expects to wrap up by end of year, eyes 15% FY24 revenue growth target. Comment: Well, let’s see when the 3Q figures are out […]

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