CHASE: distressed assets management, a subsidiary of RS, Chase Asia, debut IPO 562m shares at Bt2.9 apiece, ASP, KSEC, UOBKH & Yuanta joint leads. Comment: According to my friends in the industry, this is a POS. Put together by RS and friends just to IPO a few years ago. They haven’t been seen at any […]
Read More →ASAP sees 1Q23 car rent jump 400% yoy as demand surge on increase travelers, allots Bt2b budget to expand fleet. Comment: There are multiple ways to play the recovery in tourism. This is one. AWC saw bookings and room occupancy rates in December exceed that of pre-pandemic period. BEC signed an exclusive Thai drama and […]
Read More →BANPU sees 4Q22 coal & gas sales volume higher qoq & yoy, no rush on hedging amid winter season, eyes opportunity in lithium mining business. Comment: Finally they aren’t being stupid with their hedging, coal is only up some 5x…. CPN sees solid 4Q on rising tourist arrival and seasonal campaigns, sets Bt20b to expand […]
Read More →ASIAN raised revenue target to 22-23% or Bt11.6b, from 19% or Bt11.2b, on higher growth in pet food, tuna business, weak THB, and gain from 10% AAI stake sale in 4Q, boosting GM to 19%. Comment: Just outstanding BRI reaffirms Bt11b FY sales target, 50% of Bt2.19b outstanding backlog to realize in 4Q, will launch […]
Read More →AH maintains 30% FY revenue growth target supported by strong EV parts orders, sees bright outlook next year on Ford plans to designate TH as EV production hub in SEA. Comment: I always find this news related to EV’s from the auto manufacturers amusing because the management themselves will say that this isn’t true volume […]
Read More →CK wins Bt1.078b expressway maintenance contract from BEM. CHO sees solid 2Q, supported by Bt1,496m backlog, on track for M&A in the US, Eon Reality Inc, an operator in Metaverse, as part of CHO Tech Riders 2030 plan. COM7’s appointed a service and solutions distributor for Alibaba Cloud for integrate cloud services in Thailand. III […]
Read More →AP reported 4M22 SDH sales +37% yoy >Bt13.5b, ramps up campaign to boost sales, target third consecutive record high profit this year. GPSC anticipates 2Q turnaround from resumption of Glow Energy Phase 5, higher Ft QoQ, contribution from PP investment in India, 192mw new capacity from Glow Energy Phase 2 (SPP replacement) to cod in […]
Read More →ASIAN revised revenue growth target this year to 19% (Bt11,200m) from 12% earlier, boosted by strong 1Q, with pet foods and frozen foods boosting overall revenue up 35%, keeps 17-18% GPM. Comment: The food/agri co’s have been able to very quickly pass on the cost increases to the market here in Thailand – very different […]
Read More →ASIAN target 12% FY22 revenue growth target >Bt10.6b, supported by strong pet food sales, tailwind from frozen & pre-cooked meals, expects margin from HVA products able to offset higher tuna price & packaging costs. BRI reported 1Q22 presales topped Bt2.4b account for 22% of Bt11b full year target, expects sales accelerate from 2Q driven by […]
Read More →BAFS sees YTD jet refueling vol +21% yoy, expects solid turnaround this year. Comment: With every country in ASEAN now racing to open up to avoid losing face to its neighbours, I can just see fuel demand increasing tremendously which just makes me love oil that much more EPG established subsidiary, Aeroklas Europe, to operate […]
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