AGE sets 5.2m tons coal sale target this year to Bt23b, to Bt30b by 2025 with 7m tons sales target, mulls 1 M&A deal by end of year. Comment: And the good days of AGE are over for now (relative to 2021/2022) but realise that the figures are still going to be 3x higher than […]
Read More →ADVANC sets Bt27-30b capex, the 1st to achieve 3Gbps speed for 5G on LIVE network mmWave. Comment: So….when 6G? SAMART wins Banglamoong sub-station and procurement contracts at Jomthien sub-station worth Bt2.4b. TGE completed 130m shares PP to 5 investors at Bt2.00, to finance its 2 recently won waste power plants. SSP sets Bt3.1b revenue target […]
Read More →3BB is having liquidity issue and short on rental payment to JASIF, may lead to contract restructuring.Comment: Great quality eh? AIS is buying themselves a great asset… AOT board approves Bt36b 3rd phase development at Donmuang Airport, design to complete in Oct and bidding start in 4Q23, target 40m passenger vs 30m now. AURA targets […]
Read More →AAV targets FY23 passenger reach pre-Covid level at 20m, +100% from 10m in FY22, expects cabin factor within 87-88% vs 81% FY22, 20% air fare hike, fuel surcharge to boost revenue. Comment: By 4Q23 they’ll comfortably be pack, now it’s just a question of getting the same number of planes up in the air. BAM […]
Read More →AOT expects to see total passengers thru its 6 airports this fiscal year, ending September 23, at 95.7m, a 68% recovery vs pre-covid, and sees 141.57m in next fiscal year, which is at 99% of pre-covid level in 2019. Comment: Same story…..let’s see in 12 months AUCT upbeats FY23 outlook from strong traffic at auction […]
Read More →BAY target FY23 loan growth within 3-5% range after logged 3.1% last year, focus on ASEAN expansion to VN, Indonesia, Phil, offering ESG loan to Cambodia, Laos and TH, seen NIM in range of 3.3-3.5% vs 3.45% in FY22 while non-NII to be flat, FY23F NPL in range of 2.5-2.6% slightly higher than 2.32% last […]
Read More →AOT: Treasury department mulls scrap 50% land rent discount at 6 airports next year as Covid situation eased. Comment: Tourism figures are still -50% of pre wuflu, but the share price is already near the 2019 peak. Well ok…granted I do still think TH will back to those high travel figures within the next 6-12 […]
Read More →BPP upbeats 3Q earnings from additional capacity from Chu Ngoc solar & Nhon Hai solar projects in VN total 50mw, higher electricity & steam sales from 3 combined heat & power (CHP) in China, in process of due diligence on 2-3 pp M&A in the US combined capacity 2k mw, maintaining 5.3k mw target by […]
Read More →AOT sees 19m passenger arrival for 6M22 (Oct 21 – Mar 22), likely fall short of 60-70m full year target, expects Transport Ministry to approve transfer of 3 airports (Udonthani, Burirum, Krabi) from Department of Airport by end of April. Comment: Still the best monopoly play on the country’s aviation, but….yes…valuations are what they are. […]
Read More →BGRIM paid Bt116m for 49.9% in KOPOS, a developer of wind and solar farm in Korea, with 95.78MW capacity. DOD begins selling CBD oil from Jan 22, reaffirms big jump next year. Comment: 2022 may be the year that the hemp industry properly kicks off in Thailand. DOD is related to BJT GULF to resume […]
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