ATP30 wins E-Bus operating contract from PTT’s unit, firms on 15% revenue growth target this year, mulls studying e-bus and charging station plans. Comment: Ka-ching, steady cashflow for ATP30. INET mulls listing internet service subsidiary, Mandala Communication, to expand IT platform, cyber security, big data, planning to sell 2nd data center into REIT and re-invest […]

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CKP to increase capacity to 5,000MW by end of 2025 from 2,100 now, thru new investments and M&A in hydro power projects and other renewable energy, plans Bt2b CD in Oct to re-finery, sets Bt6b capex to develop Luang pra bang hydro power plants & solar projects in Laos. HFT reaffirms big jump 2H supported […]

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BANPU sees growth momentum into 2H on higher gas and coal price, sets Bt45.7b 5-year capex, firms on boosting EBITDA from clean energy business to 50% overall from 43% current. Comment: Sure but the next 12 months is driven by gas/coal, but now the impact is going to be far lower to EPS due to […]

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BCPG signs PPA 600MW wind PP in Laos to Vietnam Electricity Auth, expected COD in 2025. CFRESH upbeats 2H earnings from improving frozen shrimps export vol to EU, US, JPN, CAD on reopening, 100% utilization rate from 200ktpa production capacity, tailwind from higher THB revenue as export sales contributed 90% of total sales. III mulls […]

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AEONTS reports 1Q22 net profit (end of May21) at Bt1.149b, +117%, topline -11% yoy from shrinking card spending from Covid impact & new loan suspension at Aeonts Micro finance (Myanmar) since February 1, lower LLP yoy, recovery on doubtful account and costs control provided cushion. Comment: Given the high debt levels in Thailand, a friend […]

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AWC reports advance booking topped 50% capacity of hotels in Phuket, expects positive OCC carry thru 4Q, eyes M&A to expand portfolio. Comment: Why them? They have scale, the 1 hotel operator/owner is dead (unless they are your favourite boutique). Capital will flow to the big boys. BBL, Sunway, Linklogis will jointly apply for a […]

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BCPG’s firm on 30-40% EBITDA growth this year, supported by recognition of 11MW in Thailand and 3 projects with 65MW capacity, to gradually COD from 4Q21, sets Bt18b capex. CPF board approved disposal of fresh foods retail & distribution business to Ek-Chai (Lotus) for Bt861.6m. Comment: This is one to extract cash from a recently […]

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ASAP in talk M&A insurance broker, seeks to branch out from car rent, used cars sales business, launches mobile app penetrate individual clients, target 100k users by end of year. Comment: I am curious to see where this fellow takes his company. I enjoyed talking with him years ago. One of the few people that […]

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CPN firms on plan to open Central Plaza Ayudhaya & Sriracha in 2H, target completions of Dusit Central Park in FY24, 9.2 acres mixed-use projects under JV Hong Kong Land by FY26, will finalize plan to estimate mall in Vietnam before end of year. Comment: Still the best mall operator in the country by a […]

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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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