AJA’s started bitcoin mining on its 70 machines, as part of 200 in 1st phase with Bt90m investment, and will be realized from 1Q22, while planning 2nd phase with Bt200m investment for 500 machines. Comment: Well….why not!?! Are we going to see meme’s for these thai names involved in this space? BPP invests Bt442m in […]

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BCP: reaffirms solid 4Q from improved fuels sales volume since October, higher refinery utilization rate at 110k bblpd vs 90k YTD average, will add 47 stations to 1,300 by end of year, biofuel subsidiary, BBGI, on track to debut IPO 1Q22. ITEL: mulls selling Bt 700m Interlink Data Center (IDC) in to REIT 1Q22, aims […]

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ASIAN reassures solid 4Q supported by additional capacity from pre-fried food & pet food production, higher domestic & export sales, will expand frozen food & pet foods to overseas market next year. BE8: cloud sales, service, marketing, application solutions, Beryl 8 Plus, debut IPO 50m shares @ Bt10/share. Comment: Small name, small float, couldn’t get […]

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ALT reaffirms solid 3Q from revenue recognition of smart meter projects for Provincial Electricity Authority (PEA), expects to secure additional private PPA solar rooftop as demand for energy saving grows among corporate, SMEs & developers. HTECH sees 100% yoy jump in profit this year to Bt132m, boosted by strong demands from EV related , expecting […]

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AS launches new game, Real Yulgang mobile, in TH & Cabal M in Philippines, eyes 15-20% revenue growth target. ILINK sees solid 3Q on seasonal for cable and fiber optic with additional new clients, keeps Bt6b revenue target this year. Comment: Basically all the projects that were supposed to have won 3-4 years ago are […]

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Notable Transactions Buy(s) THB 53 mn KKP – The buyer is regarded as one of the best thinkers/analysts in the country. And he’s chairman of the excom. Sell(s) THB 359 mn ILINK/ITEL – The founders sold a stake to a fund, commented on this already…

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AGE branches out from coal sales & bulk transport to container logistics business, aims to revamp pier, warehouse and truck to utilize existing resources, maintaining Bt11b FY21 revenue target. Comment: Inventory gains = massive profits, that’s the story for AGE. BCH reaffirms solid 2Q while 3rd wave of covid will boost 3Q, supported by 900K […]

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Citi is seeking to sell its SEA (Indonesia, Vietnam, Thailand, Malaysia, Philippines) & SKR business as package to Standard Chartered Bank. Comment: Remember this is only for their consumer business DUSIT debuts 152 rooms hotel, DusitD2 Hia Hin, its 3rd hotel in beach town. Comment: Market share goes to the strongest. ITEL: board approved to […]

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AAV to suspend all domestic flights from July 12-31, while BA cancelled 5 domestic routes from July 13-31. Comment: Well that’s amusing….government has done a great job at killing demand (and local businesses) AOT extends 50% cut in landing and parking for airlines until September. BJC upbeats 2H earnings from health care division from strong […]

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ILINK sets Bt6,000m revenue target this year, on solid growth in 3 core business, supported by Bt3,800m telco backlog, of which Bt1,600m to realize this year, 5% growth in engineering business, on expected completion of 2nd phase Suvarnabhumi airport middle of the year. Comment: They are finally achieving everything that was postponed when these crooks […]

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