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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BKER: name changed to ALLY Leasehold REIT, ticker changed to ALLY effective today DOD is to enter cannabis business full stream, to seek permit to set up plant to extract cannabidiol for domestic and export. Comment: Perhaps its time to revisit my previous cannabis dream post. https://www.thaicapitalist.com/that-sweet-weed/ ITEL signs a Bt78m procurement contract for IP […]

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ADVANC wins court battle against NBTC, who tried to force ADVANC to pay Bt7.2b remedy packages to 900MHz subscribers. Comment: So the NBTC just wasted our taxpaying money, no surprise. ITEL: signs a data service contract with KTB worth Bt 165m, lifts backlog to Bt 4.53b, target 20% CAGR over next 3 years. Comment: Anyone […]

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AP reports 4M20 sales topped Bt8.33b, Bt4.93b backlog pending transfer, delay plans to add land bank, maintaining Bt33.5b FY20 presales target. Comment: That’s still decent. BAM reaffirms at least Bt1 dividend payout this year, sees recovery in 2H, plans to sell Bt3.3b worth of rehabbed assets. Inclusion into MSCI this Friday will see $58m inflows, […]

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KBANK will likely revise financial target this year after the bank’s research unit estimated that the economy will shrink 5% in 2020 amid the pandemic, said CEO. GULF to propose par split from Bt5 to Bt1 at AGM today. Comment: This was announced a while ago, and we wonder if the retail trade for this […]

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