BCP: SSO raised holding by 0.1418% to 15.0493% on Jul 2. MAGURO mulls adding 11 branches in 2H aft opened 3 outlets early this year, targets key cities to capture int’l travelers. Comment: Let’s see if MAGURO becomes a decent ZEN play part 2 MINT reported Bt8b sustainability-linked bonds, paying 3.24% & 3.5% on 5 […]
Read More →ADVANC’s expected to report robust 2Q driven by strong ARPU aft removed low-cost data plans & wider handset margin due to lower handset subsidies, upside from cross selling strategies and sim card sales on tourism recovery. Comment: The telco’s are reducing service quality, cutting costs, increasing fees…they’re going to mint it – their only risk […]
Read More →BAM sees 2Q turnaround on improved cash collection, eased jitter on NPA sales aft resolved loan rejection issue from fin institution, jv distressed assets management with Government Saving Bank (GSB) supported earnings. Comment: When the government starts spending => the banks will start lending => these names will take off again. EPG sets Bt466m capex […]
Read More →ADVANC: reported inbound roamer +38% yoy during Songkran fest (Apr 12-15) thanks to surged international arrivals during long holidays; whereas, broadband data usage +15.78% yoy. Comment: GULF could create their own internal Hedge fund to trade off all the data that they can see from ADVANC + THCOM + all the power projects.. BAM: cod […]
Read More →HANA set up a 49:51 JV with PTT, to study a possible investment in smart electronics industry. JMART reaffirms solid 1Q driven by strong mobile sales supported by new launched Samsung AI S24 Ultra, higher contribution from subsidiaries (JMT & Tee Noi hot pot) to boost earnings. Comment: Market just has no love for JMART […]
Read More →AAV’s upbeat FY24 outlook from higher traffic from international route on visa free policy, new routes to Shianghai, Kaohsiung & Okinawa, target 20% FY revenue growth, cabin factor within 90% range, 20-21m FY passenger target. Comment: It’s going to continue getting better. The only q for AAV is how much of the increased costs can […]
Read More →AOT sets Bt9b capex to expand East terminal, adding 66k sq.m. to up SIA capacity to 60m psx p.a. from current 45m, expects to open bid within Apr-May, begin construction in July, target completion within 2 years. AOT’s expected to report after close Bt5.1b 1Q24 (ending Dec 23) consensus. Comment: People forget that AOT had […]
Read More →ASW sets Bt8.7b revenue target this year, Bt19.5b backlog, starts transferring 9 projects worth Bt14.7b, sets Bt17.8b presales, 12 new projects worth Bt25.92b. CREDIT: Thai Credit Bank debuts IPO 254.12m shares at Bt29 apiece, CIMB (TH) leads. Thai Credit bank (CREDIT) sets 20-30% loan port growth p.a., 9M23 NIM at 8.2%, highest among peers and […]
Read More →ADVICE: IT retailers & wholesalers, Advice IT Infinite, debut IPO 170m shares at Bt 3.24, Asia Plus leads. Comment: “Cheaper” IPO pricing is back to the smaller players and boom pump ASAP: anticipates short-term car rental accelerate aft TH-China free visa scheme become effective Mar 1. Comment: Makes sense…and it’s coming off a low base. […]
Read More →AirAsia has announced the merger of AirAsia and AirAsia X, making SEA a multi-hub for aviation while targeting TH as its hub for flights to Europe. Comment: Doesn’t appear to have a real impact on the thai listed entity. HL said its 50 drug stores are in Easy E-Receipt program, sees rising 1Q24 revenue growth […]
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