24CS (to be EMPIRE): Shareholders approved rebranding 24CS to “Origin Global Empire”, with a new stock symbol EMPIRE effective early Nov 2025. The move supports its diversification into cosmetics and health supplements. (Hoonsmart) Comment: Going from HVAC’s to cosmetics and health supplements….well why not. AOT: Air France will launch three weekly direct flights from Paris–Charles […]
Read More →BWG’s corporate rating upgraded to “BBB” with a stable outlook due to strong financials and debt reduction. Comment: On paper – this company should be amazing, in reality…meh. CIMBT aims to expand its IFA team to 500 by year-end, targeting 10–15% AUM growth. DELTA, dubbed the “backbone” of the SET Index, hit a 6-month high […]
Read More →AOT said won’t cancel King Power duty free contract, preparing to adjust it as per advisor’s proposal to maintain both parties’ interests, with plan to propose a Bt200 hike in PSC to help cushion potential revenue losses from contract adjustment. Comment: It helps when the current CEO of King power is the former CEO of […]
Read More →ANAN oversubscribed its THB1bn bond offering, with proceeds earmarked for debt repayment and backlog execution totaling over THB10.1bn, demonstrating strong retail and institutional appetite. Comment: WHAT? How is this ganja smoking donkey kong still able to raise debt? Who’s that stupid out there? BH: Strong THB has minimal impact, as foreign patients can pay in […]
Read More →ANAN oversubscribed its THB1bn bond offering, with proceeds earmarked for debt repayment and backlog execution totaling over THB10.1bn, demonstrating strong retail and institutional appetite. Comment: WHAT? How is this ganja smoking donkey kong still able to raise debt? Who’s that stupid out there? BH: Strong THB has minimal impact, as foreign patients can pay in […]
Read More →CPAXT mulls revamping fulfilment center to improve sales from omni channel, expand private label & exclusive items to boost margin, sees no impact from TH-C’dia border dispute on co., has only 3 branches in Cambodia (2 in Phnom Penh & 1 in Seam Reap) account for <1% of total rev. Comment: CPAXT should instead mull […]
Read More →ITC: 2Q net profit at Bt696m, -31% yoy, beats Bt73m consensus, thanks to strong sales revenue +5.3% qoq, sales volume +6.9% qoq from orders from premium brands, contribution from new products bolster earnings, pays interim Bt0.4 dps, XD Aug 14. JAS: Supreme Admin Court dismisses National Telecom (NT)’s appeal on revenue sharing dispute on eastern […]
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 →ASAP eyes 28% FY rev growth target above Bt11b driven by rental fleet cars and used vehicle sales, tailwind from Changan EV dealership and growth from motor insurance brokerage. Comment: Could it be time for this name to return? I remember meeting the CEO pre covid, and he impressed me. FSMART to seal deal with […]
Read More →ALT plans to roll out submarine cable station rental service in Satun province to support Data Center Interconnect (DCI) between Vietnam, Malaysia & Singapore. Comment: How could a company of ALT’s “standing” be considered for an important contract such as this? AOT: FY24 net profit (end of Sept) @ Bt19.18b, +119% yoy; missed Bt19.54b consensus […]
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