AAV expects record earnings from core operations this year as a surge in overseas visitors boosts seat demand and airfares, plans adding more flights to China and India, its major driver for growth. Comment: Record earnings? With a smaller fleet? Yes folks you read that right, they’re stuffing us into their old planes, running high […]
Read More →CPN plans to expand luxury zone at Central Phuket Foresta from 2k sqm to 8k by 2026, sees daily avg traffic above 50k/d 30% above pre-Covid level, while database of the group’s loyalty program indicated that Central Phuket customers have the highest spending per person among CPN malls nationwide, with wealth segment customers spending up […]
Read More →BA: reported advance booking (May-Dec) +13% yoy, sees 4Q air tix sales +35% yoy while load factor stays above 85% in 2H, firms on 10% FY rev growth t/g. CK: reaffirms 2Q turnaround supported by higher contribution from 3 main project coupled with higher dividend income from TTW, upbeat 3Q earnings from CKP’s hydro pp […]
Read More →ASAP anticipates FY24 turnaround after scaling back rental fleets to 10k vehicles from 20k last year to mitigate impact from heavy depreciation on used car market, diversification to EV dealership business provide cushion. Comment: Shocking…-50% in the fleet? That’s going to hurt the rental market…rental rates are going to go high…(for tourists) CHAYO reported Bt400m […]
Read More →ATP30 sees continued growth momentum in 1Q24, after realizing revenue from 5 new clients with >30 vehicles, 3 E-Bus ready for services, and in talks with several potential clients. M sees 2M24 SSSG negative yoy, margin recover from lower fresh foods costs & costs control, rolls out campaign to boost dine-in upcoming Songkran festive, seeks […]
Read More →AH sees rising opportunity for EV parts orders and Changan dealership shows strong growth, sets Bt800m capex this year. Comment: Sure – but again – total volume growth isn’t there, it’s just replacement for the domestic market. BAFS sets Bt1.2b capex for project to connect pipeline with Thappline in Bang Pa-in, contract by 1H24 and […]
Read More →Bloomberg reports foreign net selling of TH equity at $555.6m yesterday was the most since Dec. 19, 2006. It’s worth noting that was because of the restructuring of AWC which resulted in large crossings worth $500m each on Mar 19 & 20, while UBO remains unchanged. Comment: Well…….the family has to delever…adjust the books, etc […]
Read More →ADVANC 4Q net profit @ Bt7.36b vs Bt7.485b estimate, FY @ Bt29b, +12% yoy vs Bt29.3b consensus, pays Bt4.61 dps XD Feb 19, AGM Mar 25. APURE targets record high revenue this year >Bt3b driven by larger sweet corn exports volume to US, Japan & Saudi Arabia, improved orders feeding from hotels & F&B clients […]
Read More →AJA appoints Miss Grand International (MGI) to be sole online distributor of health supplements, anti-aging & beauty products, seeks to expand B2B wholesale both domestic and overseas, adding new products total 30 SKU to boost sales. Comment: I mean….if AJA is appointing you, you gotta be quality…..AJA has been in far too many pump n […]
Read More →ADVICE: IT retailers & wholesalers, Advice IT Infinite, debut IPO 170m shares at Bt 3.24, Asia Plus leads. Comment: “Cheaper” IPO pricing is back to the smaller players and boom pump ASAP: anticipates short-term car rental accelerate aft TH-China free visa scheme become effective Mar 1. Comment: Makes sense…and it’s coming off a low base. […]
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