BEM: expects daily average MRT ridership jumps from 300k to 500k trips/day during TH Red Cross fair at Lumpini Park during Dec 8-18. Comment: And the fact that people are back in the offices even though the wuflu is still going around. CENTEL: sets Bt 6b capex for hotel, F&B and M&A. Comment: This is […]

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GULF: keeps 80% FY22 revenue growth target from higher capacity yoy, full year recognition of GSRC unit 1/2/3, contribution from INTUCH, sets Bt120b 5-year capex FY22-26 (60% for renewable, 20% large pp, 10% digital biz, 5% infra, 5% LNG), will conclude 2-3 M&A overseas pp by end of year, keeps investment plan in blockchain ecosystems […]

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APURE mulls price hike on exports canned sweet corn from higher packaging & transport costs, expects no impact to sales volume as price well below competitors, will begin exports frozen corn & frozen edamame 2H22. CPANEL sets 25% revenue growth target this year, on 3-5% growth in real estate industry, sets to increase precast concrete […]

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BCPG paid Bt1,070m for 25% stake in Nam Tai for power transmission line in Laos (220 kilovolt). CV expects to conclude jv deal with partner to establish RDF production plant in Vietnam by eo-1Q, 70% of Bt2.4b EPC power plant construction projects to realize this year, eyes 150% revenue growth target. LPH mulls raising hospitel […]

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Notable Transactions Buy(s) THB 293 mn JMART – He keeps buying and buying TU – Head buys more, then again, if he really thought it had great upside he would’ve done what Adisak has been doing. TTA – And this fellow is still buying. Shipping is seasonal, 4Q-Jan is *almost* always weak, and look how […]

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ADD: local fund, BBLAM, raised holding by 1.7053% to 6.5928% on October 29. BANPU divests 47.5% holding in Spain renewable firm, Sunseap, for US$364m vs initial investment at US$173.7b, announced acquisition in 768mw combined cycle gas-fired power plants in Texas, Temple 1, for US$ 430M. Comment: Cap gain to be recognised, combined with coal prices […]

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ADVANC reported 3Q net profit @ Bt6.37b, -2% yoy vs Bt6.54b consensus, subscribers rose to 43.7m, BB topped 1.6m subscribers, ARPU slightly drop from competitive air time package, will start digital lending venture with SCB (AISCB) 1Q22. AS will launch 3 mobile games before end of year, developing virtual reality (VR) games to capture growing […]

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AMATAV sees better 2H on plan to transfer 300 rai of land in Halong IE Vietnam, while keeping 430 rai land sales target this year. Comment: Their efforts in Vietnam have been rubbish compared to the other players (domestic and international) APCS firms on 40% FY21 revenue growth target >Bt3b supported by strong demand for […]

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DOD to import 10 hemp species from the US by end of June or early Jule, 4-5 months from planting to harvesting, and into products by 4Q21. Comment: I do find it ridiculous that Thailand doesn’t ensure an organic internal system, but that’s because of the usual structure of the country with interests controlling parts […]

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CENTEL sets Bt10,400m 3-year capex for hotel, food and other investment, to open Phuket hotel for travel bubble program there from July 1. Comment: They’re going to capture the market share. CRC cuts FY21 revenue growth target to 10-11% from 10-12%, scale back CAPEX by 10-15% from Bt16-18b, delay 3 malls launch including Robinson Lifestyle […]

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