AAV eyes 20m FY24 passenger target, supported by improved traffic to China on the back of visa wavier scheme (93 flights/week vs 83 in 4Q23), larger fleet size yoy (60 aircrafts vs 56 in FY23), new route from Taipei-Okinawa, Taipei-Osaka, Kaohsiung-Narita start from 2Q. ADVANC and TRUE are awaiting NBTC’s draft auction planned for 3 […]
Read More →ERW firms on plan to open 14 Hop Inn budget hotels in Thailand, Philippine & Japan this year, to upgrade mid-scale & luxury hotel group to improve room rate, target 5% RevPar growth this year. Comment: It’s genuinely remarkable how consistent this group has been. But let’s see still plenty of time to f things […]
Read More →HMPRO collabs with BAY’s consumer unit, Krungsri Consumers, to launch BNPL service, Home Pay by Krungsri Genesis, for HMPRO’s clients, target 120k new account this year. JMART sees another record high profit this year driven by robust mobile sales on the back of shopping tax rebate stimulus, growth from recently acquired Tee-Noi hot pot restaurant, […]
Read More →AU sets Bt127m capex this year for 12 new branches, including 1st in Cambodia, sets 10-15% revenue growth target. Comment: Now this interesting….Trading at THB 300mn/store (off the top of my head don’t quote me), and capex/store is THB 10 mn CPN said progress in 5 mix-used projects and business expansion in Vietnam to help […]
Read More →EGCO sets Bt30b capex for oversea expansion next year, target to add 1,000MW. NER sees strong 3Q from higher orders, on track to meet Bt30b sales target this year. Comment: Still an oddly “cheap” rubber player. SHR: cod 80 villas resort, SO/Maldives, 3rd property on the island. Comment: I call this the best recovery play […]
Read More →ARIN: local fund, BBLAM, purged entire holding 15.3312% to ex-Labour Minister, Suchart Chomklin, on Oct 11. Comment: Compliance should be asking questions about this… CENTEL anticipates 2H turnaround on absence of expense on opening Centara Grand Osaka, relief margin pressure on F&B unit from lower food costs, positive OCC momentum via TH & Maldives hotels […]
Read More →BANPU sets 3 years capex plan at US$2b (Bt 70b) to expand renewable port, invest in energy tech, future mining (Nickel & Lithium) carbon capture, R&D 100% ammonia burn hydrogen-based powerplant. Comment: BANPU should continue to enjoy the amazing cash flow’s they’re getting from coal, it’s going to be stupidly higher for a number of […]
Read More →BTS: begins trial run of 34.5km MRT pink line (30 stations), t/g cod in Nov. Comment: This won’t add much to BTS’s bottom line nor value directly, however take into account that they’ll now own the skies around Bangkok and then what can the BMA do? They’ll have no choice but to extend to the […]
Read More →AAV: is expected to report wider margin qoq from low hedging on jet fuel as avg price 2Q stands at US$ 95/bbl vs US$ 106/bbl in 1Q, tailwind from strong cabin factor during Songkran holidays boost earnings, tabloid. AH: credit rating upgrade to A- from BBB+, stable outlook at TRIS Rating. GLOBAL: anticipates mediocre 2Q […]
Read More →ADVANC said reported liquidity issue at 3BB wasn’t entirely unexpected, sees synergy from this acquisition, expected to complete by 2Q. Comment: “We didn’t expect to get screwed by Pete” <= idiots. BBL revised up full year card spending growth to 18% yoy from 15% previous guidance, after logged 17% growth 2M23, teams up ADVANC to […]
Read More →