AOT reported 6M22 (Jan-Jun) passenger traffic from 6 airports under management +170% yoy to 22.4m, +14.1m vs 8.3m travelers 6M21. Comment: What demand slowdown? The rate of change is going to look amazing til the end of 2024. BE8 sells PP 26.050m shares (11.52% of paid up) at Bt47.6/share to Keymaker Venture Capital, will use […]

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BEM expects daily avg FY22 MRT riderships within 300k-400k trips/day, above 200k avg FY21, sees Jul Blue line ridership at 320k trips/day, account for 80% of pre-Covid level while avg tollway traffic stands at 1m trips/day account for 85% of pre-Covid. Comment: Is the -15% drop due to the number of entities shut down? Or […]

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AP reported 4M22 SDH sales +37% yoy >Bt13.5b, ramps up campaign to boost sales, target third consecutive record high profit this year. GPSC anticipates 2Q turnaround from resumption of Glow Energy Phase 5, higher Ft QoQ, contribution from PP investment in India, 192mw new capacity from Glow Energy Phase 2 (SPP replacement) to cod in […]

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ASIAN revised up FY22 revenue growth target to 19% from 12% after 1Qnp came Bt248m, +15% yoy, sales +35% yoy >Bt2.8b, upbeat outlook on frozen foods & pet food exports, weak THB boosted earnings. Comment: Been impressed by this. DOHOME firms on plan to add 5 outlets this year, sees 2Q SSSG ranging high at […]

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BGC anticipates bottle sales turnaround aft BMA extend alcohol serving to 11pm, allots Bt2b capex for M&A, maintaining 5-10% sales growth target. Comment: That not much of a turnaround…. BGRIM sees narrow margins 1Q from high gas price, SPP replacement 5 units on track to cod in 2H, expects feedstock cost drops by 5-10% after […]

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GLOBAL: reaffirms 15% FY22 sales growth target supported by shopping tax rebate stimulus in 1Q, positive SSSG yoy, contribution from Indonesia and Cambodia, mulls tap in Lao, Phil, Myanmar market. Comment: Consistently surprised by the growth in this industry throughout the region MTC: reported 3 tranches of CD total Bt 4b carrying interest rates of […]

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Thai AirAsia (TAA) predicts full recovery for Thai tourism in the next 2 years as international borders will gradually be opened by next year, while passenger traffic has yet to resume despite the country’s reopening on November 1. Comment: Depends upon the definition of a full recovery. But w/o a doubt I still think tourism […]

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BEM extend MRT operating hours 6am-11pm for Blue line & 5:30am-11pm for Purple from Oct 16 as curfew shorthened to 11pm-3am vs 10pm-4am prior. BCP: Social Security Office raised holding by 0.0552% to 15.0391% of total outstanding on October 12. BEYOND sees demand picking up ahead of November 1 reopening, especially at two luxury hotels […]

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ACG to open 3 new FAST FIT in BKK from late November, to complete total of 6 by end of year, plans promo in 4Q to boost sales, which should be better yoy overall. Comment: Not to be confused with a gym name, Fast Fit is their version of B-Quik/ACT ASIAN to list its subsidiary, […]

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AOT said international airlines have regained more than 70% of the slots at Suvarnabumi airports, in anticipation of November 1 reopening, seeing sharp spike in travels in initial stage. ASAP sets Bt2,000m capex to acquire new cars, seeing higher demand for rental vehicles as the country prepares for reopening from November 1. Comment: I expect […]

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