AH will turn profitable this year, supported by solid 4Q, expecting Bt5b sales, on par with 3Q, in-line with industry. AH upbeats FY21 earnings from recovery parts orders, will kick-off transfer of Bt1.5b EV parts order next year, eyes 10-15% revenue growth target, margins no less than 10%. Comment: EV isn’t a story for AH […]

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AAV sees 4Q average load factor back >80% from 65% in 3Q, Chiangmai, Chiang Rai & Nan logged 90%, 42 aircrafts out of 62 entire fleets on operation, 4Q ticket price QTD +10-20% from Bt996/ticket in 3Q. Comment: Yup though ticket prices are far higher than 996 on the weekends. Rumours have it though that […]

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APCO upbeats 4Q sales after tap in online channel, aiming to expand market share from Bt 20b TH health supplements market, firms on 15% revenue growth this year. BH reported Bt221m, -80% yoy; missed Bt426m consensus. Comment: Or it grew 4x QoQ, annualise that and its cheap!! *note the sarcasm EA’s first shipment of energy […]

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ASIAN: expects windfall from new wave of Covid as social distancing, travel restrictions and curfew abroad trigger restocking of canned food, read-meal & pet food. Comment: It’s their pet food business that has been driving ASIAN for the past 1-2 years. Something I’ve missed out on. *smash head against the wall* BDMS: sees strong advance […]

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AOT: 8 international airlines including, Singapore airline, Cathay Pacific, Etihad, Emirates, Austrian, Lufhansa, Austrian, Swiss Air & Qatar to resume flights to SIA from November 6, EVA & KLM are expecting to resume before end of year. ASIAN: upbeat 4Q earnings from strong pet food sales momentum, expects to sign additional OEM orders from US […]

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BGRIM signs Bt5.67b green loan with ADB to invest 257mw solar projects in Vietnam. Comment: This group is doing a great job getting capital and projects all over the region.  BTS: admin court issue an injunction to MRTA over changes made to the ToR of Bt142.7b orange line MRT after bidders purchased envelopes, maintaining evaluation […]

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AOT sets Bt30b capex for runway-taxiway repairing, renovates passenger terminals. ARIN: local fund, BBLAM, raised holding to 15.3312% last Monday (Oct 12), SEC filing. Comment: Incorrect news, both BBLAM and MFC have combined ~28% which is via the local Private Fund vehicle and therefore the shareholders are the same. DTAC reported 3Qnp at Bt1.43b, -18.7% […]

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BANPU: completed acquisition of Barnett shale gas asset in the US on October 1, will book immediate contribution from 4Q20. Comment: Urgh….. BGRIM: signs MOU with Provincial Electricity Authority (PEA) to jointly expand SPP, smart microgrid and renewable energy. CBG: expects to report quarterly record high profit in 3Q from increase market share of Woody […]

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AMANAH said it has yet to be approached by GSB for all the stake, sees parent co, iBank, keens to keep leasing unit. Comment: Have to love all these rumours in the market. AOT said the Satellite 1 (SAT-1) passenger terminal is 95.23% completed and will be 100% in April 2021. Reported passengers dropped almost […]

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AEONTS sees lower LLP from improving assets quality, sees card spending pick-up from online shopping. CKP sees solid 3Q, the strongest this year, as higher water volume boosts output and profit. FSMART upbeats 2H outlook from 3 new launch products selling via top-up machines including insurance policies in cooperation w TQM, mini-ATM service, allowing withdraw […]

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