BCPG sees growth momentum into 3Q on seasonal, sets Bt40b 5-year capex. ICN’s firm on 10-20% revenue growth with 10% net profit growth, supported by Bt1,962m backlog, eyes 3-4 new contracts worth Bt1b. MINT said its franchise is from Sizzler Australia, nothing to do with Sizzler USA which has filed for bankruptcy. Comment: No impact […]

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ASP said there’s risk Thai credit rating may be cut, after Moody’s cut Laos’ from B3 to Caa2, a Junk Bond, after running a huge deficit. Comment: Well Laos’ issue is that they relied on Chinese financing and now have lost their assets to China, whereas Thailand is thankfully (so far) not been as stupid. […]

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Notable Transactions Buy(s) THB 127 mn AGE – A swap between family members TFG – He’s still buying. And with commodity prices still going up, it makes sense. Their non-listed competition is suffering… SAWAD – The boss lady continues going for it. Sell(s) THB 154 mn AS – He’s been dumping heavily since the spike […]

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AOT: mulls sending subsidiary, AOTGA, to replace THAI for ground operations, will signs Bt 9.7b SIA 3rd runway construction contract with NWR in August., target cod FY23. Comment: But all the news is about the reduction in income from the duty free player… ILM: launch built-in & custom made furniture services, Younique, to fill demand […]

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ANAN target Bt8b transfer in 2H from completion of 5 condos projects total Bt21b, 7 ready to move in projects 90% booked account for Bt20b. Comment: The question for prop co’s have been 1) GPM impact 2) Shift to low rise vs high rise and how they’ll manage this. BCPG & TEAMG win district cooling […]

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BBL expects 2Q NIM flat qoq from 2.5% in 1Q as cost of funding also drops from repricing deposits, sees no impact from debt moratorium as consumer lending account for marginal in portfolio. BTS sees full year ridership drops 10% yoy; but no impact to revenue thanks to cod of greenline extension stations, compensation from […]

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AAV will ask regulators to change the rule requiring airlines to keep middle seats open, aiming to increase capacity ahead of the government’s domestic tourism promotion next month. Comment: I’m flying tonight and rather happy that I didn’t have to pay to book a seat. Now, the average price of an Air Asia ticket has […]

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AMATA expects 2H recovery, keeps 950 rais land sales target, and books 60-80% of Bt2.486b backlog this year. Comment: Seeing is believing. That EEC story seems to have disappeared. AMATAV keeps Bt1.5b revenue target this year, supported by transfers of 28 hectares of land and sales of ASCLT 1 and ASCLT 2 in Vietnam this […]

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LH expects cost saving from lower land tax, existing landbank ensures new projects over next 4 years, maintaining 2H launch plans 12 SDH projects worth Bt21b. Comment: I expect to see that the larger players just get larger, especially in the housing market NOBLE secures Bt1.3b in presales during 1st day of online booking under […]

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AOT sees 53% drop in passengers this year to 66.58m, 44.9% drop in flights to 490K, sees recovery October 2021. KTIS to sell a 5 liter 70% alcohol under KNAS at 7-11 for Bt300, will launch 1 liter at Bt89. MTC and SAWAD are among leasing firms getting Bt5b soft loan each from Government Saving […]

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