BEM targets full year MRT ridership +13% yoy to 440k trips/d driven by cod of One Bangkok mixed-use project at Lumpini station, feeder from Pink and Yellow line, positive tourist momentum. Comment: Oh, still growing, oh you thought WFH exists in this country? Nah. And One Bangkok hasn’t opened yet…idiots in the news… GFPT sees […]

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AOT: Scandinavian Airlines (SAS) launched direct flight from Copenhagen to BKK for winter schedule (Oct 30 till Apr 2, 24), the first direct flight after suspended for 10 years. Comment: They didn’t make money the first time around, so they will now? CPAXT plans to invest Bt25-27b in FY24 to expand Makro wholesale, Lotus’s grocery, […]

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CBG: convenience store unit, CJ Express, postpone listing from prior schedule on 2H23 to next 1-2 years, Daily news. Comment: Ouch, does this imply that upcountry spending is far worse than we know? EGCO in collaboration with BoCo Rock Windfarm, a unit of Mitsubishi, to produce hydrogen from power plant with 113MW capacity. BoCo’s current […]

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ADVANC sets 4-6% EBITDA growth target, excluding 3BB, expects virtual banking license by 2Q23. Comment: They should exclude 3bb as they can’t pay on time.. BCH reaffirms Bt13b full year revenue target driven by higher IPD & OPD traffic yoy, larger contribution from international patients via 3 hospitals in Chiangrai province due to PM 2.5 […]

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AH firms on 30% revenue growth target on 5-6% auto industry growth, and expansion in EV market. Comment: Again this revenue growth has nothing to do with EV’s, but it’s the narrative being used. BM’s upbeat outlook from pending orders of steel module for Tao-Bin robotic barista machines from FORTH, keeps Bt1.4b FY22 revenue target, […]

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ASIAN sees stronger 2H on recovery in 4 main business, boosting this year revenue to Bt11.2b, with 50% achieved in 1H. Comment: Just look at their growth in pet food BEM maintained FY tollway traffic 1.1m trips/day, MRT ridership >300k/day, reopening of Queen Sirikit Conventional Center and cod of One Bangkok Dusit Thani to boost […]

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AOT to open bid for Bt7,830m East-passenger terminal extension next year, with construction expected to begin soon after. Comment: I’m all for these expansions, Thailand had infrastructure issues dealing with the increase in Chinese tourists leading up to 2019, if we throw in the Indian market, it would be impossible for the travel industry to […]

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CPF sets 10% revenue growth target this year from Bt517b last year, to start exporting to Saudi Arabia in 2-3 months, after 5 plants with 7-8K tons got approval from Saudi FDA. NYT sees recovery traffic at RO-RF pier on improving auto EXIM, expects BOI EV incentive boost exports volume. Comment: The volumes from EV […]

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ANAN teams up Mitsui Fudosan & Ascott to launch 5 service apartments projects, 1,809 units total Bt12b (Ascott Thong Lo, Ascott Embassy Sathorn, Somerset Rama 9, Somerset Pattaya, Life Sukhumwit 8), aims to boost recurring income from Expat & long stay. Comment: These projects were in the pipeline pre variants. Now if the CEO could […]

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ERW sets Bt700m capex for 10 new hotels in Thai and Philippines. Comment: That number doesn’t make sense. THB 70mn/hotel? KTC reaffirms record high profit this year, despite difficult 3Q, to sell Bt800m worth of bad loan port and focus on secred loans. Comment: As long as people are paying the minimum amount then they […]

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