CIVIL sees higher than expected revenue growth to Bt10b, from Bt6b earlier forecast, and from Bt5b last year, seeing resumption of projects and constructions after 2 year hiatus during covid, eyes participating in bid for Bt14b Kratu-Patong expressway in Phuket. EA to gradually deliver 800 E-bus in 2H22, after acquiring Smart Bus, while setting Bt2b […]

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EA: to cod Li-Ion battery production plant, capacity 1GWh p.a. on December 12. Comment: A few years delayed but here we go, and now we’ll see if the story plays out. At the end of the day it will depend upon managements ability to maintain the relationship with the Government entities in Thailand to keep […]

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BJC revamps food courts across BIG C branches to boost traffic, curb costs to boost margins, expand coverage to wholesale market, expects double digits growth HoH on improved SSSG. Comment: How far away are we from one of the big groups deciding to build their own city in Thailand? MEGA reaffirms 6-10% revenue growth target […]

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ASAP expects windfall from domestic tourism stimulus package, will add 2k vehicles to replace outgoing fleets to used car portfolio. Comment: Sure it will help some, but at the end of the day, international tourists are a significant portion of rentals. JKN raises capex for new contents to Bt1b from Bt800m, on strong prospects for […]

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BAFS branches out from jets refueling to power business on risk diversification plan, expects to wrap up M&A 20mw powerplants in 2H. BAM said to miss revenue target by 15% this year due to outbreak, mullsBt25b bond for expansion. GUNKUL upbeats outlook from 638mw PPA on hand (cod-ed 437mw), expects to win additional EPC contract […]

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ANAN only able to sell Bt1.169b CD out of Bt4b offering in March 30-April 1, NOBLE sold only Bt480m from Bt1.5b CD offering in April 20-22. Comment: And this is even with the BOT backstopping things? AOT said cannot be part of THAI’s rescue plan, in breach of ICAO principle. Comment: But the rumour mill […]

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AMATA sees solid 4Q after closing deal to sell 200 rai of land, but admitting FY19 land sales will miss. Comment: And Vietnam isn’t performing either, infact nothing has performed for AMATA despite the share price increase over the past 3 years CENTEL: Centara Grand hotel at Central World kick-off food delivery service via Grab […]

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Notable Transactions Buy(s) THB CGH – A trade between two family members PF – The CEO buys 1% of shares MTC – Director buys a decent size of MTC. PSTC – The CEO buys a decent chunk SPALI – The owners are buying shares, so no real estate crisis? Sell(s) THB CGH – See above

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New Energy minister, Sontirat Sontijirawong, to review 2018 PDP on 1st day in the office, following objection by the ombudsman that EGAT’s 2018 PDP allowed private power co, to shr role of producing electricity after which state’s contribution was cut to <50%, violating national security. GULF likely impact the most as its 100% private owned […]

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AOT to seek board approval for TOR of Suvarnabhumi’s 3rd runway in Jul, seeks new govt to approve its Bt202 development plan, including in new airports in Phuket and Chiang Mai.Comment: I’m not holding my breathe whilst waiting for this to go through DELTA may see 2Q FX losses from strong THB. Comment: All of […]

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