BAM expects NPL sales by financial institutions to reach Bt200bn this year (vs. Bt150bn in 2024). Plans to participate in ~Bt30bn bids, targeting ~Bt3bn in bad debts. Comment: Yes….but if BAM and JMT can only buy ~THB 50 bn together, there’s just far too much supply out there. KBANK: Invesco increased its stake by 0.1688% […]
Read More →ADVANC revised up FY service revenue growth to 4-6% from 3-5% previous guidance, up EBITDA growth to 4-6% yoy. Comment: Market share gain? Whilst True will say losing the EPL means nothing (and they’re probably right financially), it’ll still create the narrative that AIS is winning market share.. GULF to book Bt8.2b dividend income from […]
Read More →AOT: Norse Atlantic Airways has confirmed a new weekly Manchester–Bangkok route starting November 26, with potential for expansion depending on demand. Comment: These are all positives. Now what about that King Power deal? EGCO targets 4–5 M&A deals in 2H25, focusing on energy projects and renewable assets in the U.S. and Middle East. ESTAR maintains […]
Read More →BBL: 1Q net profit @ Bt12.61b +19.8% y/y, beat Bt11.35b consensus, better than expected non-NII & lower than expected LLP able off set sluggish loan and soft NIM at 2.89% vs 3.06% y/y due to rate cut impact & effort to restructure debts with interest haircut after NPLs repeatedly relapsed. Comment: Oh – the banks […]
Read More →GULF TB, a merged entity between GULFI and INTUCH, will start trading on April 3, no cap on ceiling/floor on the 1st day. GULFI TB and INTUCH TB both have been delisted. Comment: All hail crony capitalism! Or will they rebrand themselves as the Berkshire Hathaway of Thailand that compounds growth on a high single […]
Read More →COM7 acquires EV rental & leasing operator, EV7, for Bt40m. Comment: Well…ok. GULF: Gulf Development, a new co., from amalgamation with INTUCH, tradable from Apr 3. Comment: la la la – remember what this means is that MOSHI to be added to SET100 index effective Feb 27, replace outgoing BSRC as freefloat fell below 20%, […]
Read More →MTC reaffirms solid 4Q24 from improved assets quality, positive momentum from consumer credit & cash collection. Comment: No matter what the economy is (barring a total crash), MTC seems to always do well, all thai governments bail out their customer class. SCC reports loss Bt512m 4Q24, -55% yoy, vs loss Bt839m estimate, due to Long […]
Read More →ATP30 anticipates wider margin yoy after replaced shuttle fleets to EV, mulls adding 35 units this year from current 13 e-bus, firms on 10% FY24 revenue growth target. INSET’s in the midst of submitting 2-3 bids for data center construction, hoping to secure continuous projects from large clients over 5-10 years, eyes infra and telco […]
Read More →AOT: Malaysia based, Batik Air, cod daily direct flights btw BKK (DMK) – Johor Bahru, effective Dec 1. Comment: There’s more and more flights coming…still another +20-30% to reach the same # of flights as 2019. EA to issue up to 4.97b new shares to accommodate cash call via RO 3.73b shares at 1:1 at […]
Read More →BGC sees 3Q turnaround on jump start bottles & containers restocking ahead of holiday season, recovery consumption on the back of cash handout stimulus, lower energy costs and soda ash price boost margin. Comment: Up and down….at the end of the day there isn’t much overall volume growth in the industry. CPAXT will relist under […]
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