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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →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 […]
Read More →ANAN reports Bt3,979m 1Q21 pre-sales, 17% higher than target, thanked to 100% sold-out of one condo projects, sees solid demand for condo along mass transit lines. Comment: Sold out one project @ cost? BEAUTY develops new business model, by securing distribution channel via retail outlets in provincial areas, sets to appoint 8 large distributors, covering […]
Read More →BA expects Bt3.9b revenue from passenger traffic this year, with 61% load factor, sees full recovery in 2-3 years. Comment: I’m still wondering when/if BA/AAV will recap, I’m just waiting for this opportunity. BAM mulls spinning off retail & P-loan unit to boost flexibility and improve competitiveness, in talk ILM & GLOBAL to tap in […]
Read More →ADB upbeats FY21 outlook from recovery demand for compound plastic beads, adhesives and sealants for med supplies, wire coated, building material and auto. CKP expects 15-30% revenue growth this year, sets Bt2-4b capex for PP. BTS signs Pink Line extension into Muangthong Thani with NBM worth Bt4,230m, with BLAND in for Bt1,250m and the rest […]
Read More →ANAN’s last year presales reached Bt17,473m, thanked to Bt4,384m in 4Q, 18% higher than target, sees sustainable demand for condo along mass transit routes. Comment: Yes higher than a lowered target, but regardless still shows demand exists out there. AOT said it has Bt30b cash on hand to deal with current crisis, not seeking more […]
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