AMA raised land transport utilization to 85% from 80%, better April than Jan, on higher rate and margin, brighter 2Q post vessel maintenance, adding new vessel in 2H. AP reports Bt17.5b 1Q presales, on higher demand in all segment, plans 22 new projects in 2Q worth Bt27.7b. CHAYO bought Bt29.04m of bad debts in 1Q, […]

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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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ASAP targets 20k Changan EV sales over the course of next 4 years under EV 3.5 scheme, expects EV subsidies Bt100k/unit, Bt10k subsidies for e-bike fuel momentum. Comment: We’re going to see these Chinese EVs everywhere… CK sees brighter outlook on construction business, expects margin recover from lower building material & energy costs, jump start […]

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ANI sets 25-30% rev growth target next year on higher airlines partners to cover Europe, with supports from shareholders, III and SKY, while SJWD mulls taking a majority stake. Comment: I do like the business here, it was the main value driver for III. ASW revised FY23 launch plan to 15 project worth Bt 30.26b […]

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AH anticipates positive earnings momentum continue next year driven by robust growth from EV parts orders, contribution from subsidiary (Able EV), Changan dealership business. Comment: Still find it ridiculous that Thailand is going down this EV route. I’ll happily bet that Hydrogen>EV in the next decade. ANI: freight forwarder, Asia Network International, major holding by […]

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AWC: cod 383 guest rooms, 10 meeting rooms, 6.2k sq.m event space, Chiang Mai Marriot Hotel, Night Bazaar district, target MICE & leisure travelers. BR sees >10% revenue growth momentum into next year, on exports to EU, JP, Aus and Saudi. GEM Global Yield, a US Fund, target 19.9% stake in SABUY, worth Bt1,750m, after […]

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BCH’s firm on Bt13b revenue target this year, helped by solid 3Q on seasonal. ICHI sees record sale streak extended in 3Q on higher green tea sales both domestic and abroad, to introduce new Tan San Su favors and expand OEM, raised sale target growth to 20% to Bt7.6b, from Bt7.3b. Comment: One of their […]

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