ASAP upbeat 3Q earnings from recovery demand for car rental from domestic air fare stimulus, improved used cars sales, will purge 1k used vehicles in 4Q, firms on Bt4b FY revenue target. IIG firms on 30-38% revenue growth target this year to Bt900-950m, on higher contracts and expansions into ASEAN, especially VN and Indo. Comment: […]

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AWC signs development and management contract with Marriott International to develop and management the Ritz Carlton BKK the Riverside. BA firms on Bt8b revenue target this year, sees solid recovery in tourism, mulls opening new routes. BEM to source for Bt120b, without resorting to capital increase, for investment in Orange Line, firms on >Bt2b profit […]

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AP reported 5M22 SDH & townhome sales at Bt16.8b, +23% yoy, account for 45% of Bt38b horizontal projects sales target, maintaining 16 launch plan in 2H total Bt15.04b. Comment: No reason to be surprised, its a market share game, private comp is gone, ap/spali/lh/psh are gaining their market shares back in sdh/th BRR upbeats full […]

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BCP sees recovery in fuel sales, after boosting refinery output to >120K bbl/day, sees growth in marketing business, plans to add 80-100 retail stations, boosting total to 1K by end of year, sets Bt39b capex for this year. Comment: There’s still plenty of room for BCP to grow in the retail business. BDMS plans Bt23.5b […]

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KBANK launches EV hire-purchase program, Green Zero, offering credits for EV or BEV up to Bt12m/vehicle, 7yrs installment, target Bt3b initial phase. Comment: It’s just a car leasing program… PTTGC sees FY22 chemical sales on par with Bt465b last year due to planned shutdown at olefin plant (Unit 4/19 days/1Q), (Unit 3/39 days, 2Q) while […]

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BCP: reaffirms solid 4Q from improved fuels sales volume since October, higher refinery utilization rate at 110k bblpd vs 90k YTD average, will add 47 stations to 1,300 by end of year, biofuel subsidiary, BBGI, on track to debut IPO 1Q22. ITEL: mulls selling Bt 700m Interlink Data Center (IDC) in to REIT 1Q22, aims […]

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BPP to recognize revenue from 700MW additional capacity in 2H, while wrapping up few M&A deals, to achieve revenue growth target, on track to reach 5,300MW total capacity by 2025. JUBILE keeps 10% revenue growth target this year, firms on expansion plan in e-commerce and branches upcountry. Comment: As long as thai consumers are locked […]

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BGC anticipates 2H turnaround from higher bottle/flexible/paper packaging sales on improved consumption/holiday season, allots Bt176m budget to up flexible packaging capacity to 50m sq.m p.a. to tap in food & pharma segment. IVL to acquire Brazil’s Oxiteno from Ultrapar Participacoes S.A. for $1.3b, to be completed by 1Q 2022. Oxiteno is a leading integrated surfactants […]

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Citi is seeking to sell its SEA (Indonesia, Vietnam, Thailand, Malaysia, Philippines) & SKR business as package to Standard Chartered Bank. Comment: Remember this is only for their consumer business DUSIT debuts 152 rooms hotel, DusitD2 Hia Hin, its 3rd hotel in beach town. Comment: Market share goes to the strongest. ITEL: board approved 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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