DELTA sees “double-digit” sales growth to continue for at least next couple of yrs on rising demand for AI-related tech, said CEO, while AI-related products will a/c for half of its sales by eoy, up from 42% in the latest quarter with strong momentum and the data-center segment is propping up both top and bottom […]
Read More →GULF’s expected to report Bt58.5b Net Profit in 2Q, +797% yoy, thanked to ~Bt52b booking of ADVANC’s fair value, while normalized profit is expected at ~Bt7.24b, Thunhoon. Comment: Well there you go, that’s going to help to pump the name a bit. PTTGC is expected to take the final hit in 2Q from inventory & […]
Read More →AAV said overall Chinese arrivals this year will be closer to 6m, after only ~1.5m recorded in 1Q, and vs TAT’s target of 8m, urging Government to deal with sluggish Chinese market. Comment: Still not bad given the situation. BKI target FY25 insurance premium +8% yoy to Bt34.2b (motor Bt14.7b & non-motor Bt19.5b), in talks […]
Read More →ASEFA announced buyback, up to 20m shares (3.67% of paid-up) Bt70m budget from Mar 10 – Sept 9. Comment: Another buyback…and not a bank – for those companies that have strong balance sheets i.e. no debt – trading cheaply…I’d expect to see more happening. CPALL sets 2-3% SSSG this year, on 2.8% GDP growth assumption, […]
Read More →EPG expects heat insulation sales pick up from surged demand from industrial sector and commercial vehicle from the US on the back of Trump’s America First policy, eyes 8-10% FY25 revenue growth target, margins 30-33%. Comment: Who cares about EPG…..perhaps on the next company visit they’ll talk about even more patents that have been filed. […]
Read More →ALT plans to roll out submarine cable station rental service in Satun province to support Data Center Interconnect (DCI) between Vietnam, Malaysia & Singapore. Comment: How could a company of ALT’s “standing” be considered for an important contract such as this? AOT: FY24 net profit (end of Sept) @ Bt19.18b, +119% yoy; missed Bt19.54b consensus […]
Read More →AOT’s winter flight schedule, starting today, sees 25.8% increase in flights yoy, boosting passengers up by 26.7%, 3rd runway is up aft cod-ed in September. Comment: There’s no stopping the tourism train to Thailand. AU reaffirms big jump 3Q following debut After You butter bun at 7-11, mulls adding more flavors aft recovered positive feedback, […]
Read More →AOT: Spanish LCC, Iberojet, will begin a weekly flight Madrid-Bangkok (SIA) as its first destination in Asia, start on May 30th, will increase twice-weekly flights in early Oct. Comment: And you doubt Thailand’s tourism renaissance. KBANK sees debt service ability of top 50 corporate clients remain strong, discontinued unsecured p-loan to prevent surge in bad […]
Read More →PPM: reaffirms solid 2Q supported by robust sales of copper tube and air condition insulation as demand for cooling products grow during summer season, tailwind from turnkey solar rooftop subsidiary, Solar PPM, boost earnings. PTTGC & TOP are expected to recover in 2H from lower interest exp as both buy back & cancellation of a […]
Read More →24CS: wins infra work project from ICOCO (TH) valued at Bt75.35m. JPARK reaffirms solid 1Q driven by delivery of parking solution project for State Railway, revenue recognition from Khonkaen airport parking management starts to kick in, larger parking slots under management yoy. Comment: Do love the model, asset light, management fees, makes sense. PTTGC’s board […]
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