CIMBT hire purchase unit, CIMB auto, cuts used car HP target to Bt10b from Bt18b from stringent credit approval, will submit petition for car title lending license, aims to boost FY21 revenue base from larger products portfolio. EA sees stable 2Q earnings yoy, but cuts FY20 revenue projection to Bt15b from Bt20b, as covid had […]

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AOT approved AAV’s request to partially move its base from Don Muang to Suvarnabhumi, with initial 24 domestic flights, before extending to overseas flights by end of year. Comment: Now the future hordes of Chinese tourists will be at Suvarnabhumi.  BBL: Social Security Office cut holding by 0.0188% to 4.9903% of total outstanding on Tuesday […]

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AAV raised air fares as social distancing requirement cuts capacity by 30%, request soft loans from government. Comment: Well then…so the low-cost airlines won’t be low-cost anymore. This is inflation. JMART welcomes KB Kookmin Card, a unit of KB Financial Group, to take a 50.99% stake in J Fintech, hoping to build on synergy, to […]

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Asset World Corp (AWC), a property arm under Charoen of THBEV, to acquire prime prop in BKK and key resort destinations held by the group to develop mixed-use projects and hotels in next 5 years, IPO @ Bt6, September 25-27 and go straight into SET50. Comment: ROE of 3% .. well…TCC buys property, develops it, […]

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AOT AOT reports FY2018 passenger pass-through of 139.52mn, +8%YoY. Flight volume was 875k. Suvarnabhumi handled 62.81mn passengers above capacity and Don Muang Airport had 40.56mn more than its capacity. Management says Chinese passengers numbered 19.79mn, +21.8%YoY. (Kao Hoon, 31/10/18) Comment: What slow down in passenger numbers?  BTS BTS says subsidiary BSR will submit an application […]

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DELTA Delta Taiwan upping holding to alleviate trade war risk. The President of DELTA Taiwan reiterated that the increase of the parent company’s holding in DELTA is being undertaken to reduce the risks arising out of a trade. (Thun Hoon, 7/8/18) Comment: That is the rhetoric from the company…and then the media domestically and internationally […]

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AJD AJD’s shareholders approved to change the company name to AJA. Shareholders also approved a Bt1bn debenture. It expects solid performance this year thanks to digital TV coupons. It also plans to expand its line of business to water dispenser service and E-money. (Kao Hoon, 02/05/17) Comment: A name change? For what? I don’t think […]

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AGE AGE targets 2017 revenue growth of 30-35% supported by an uptrend in coal price. It has backlog of more than 500K tons which will be delivered in early 2Q17. It has budgeted Bt500mn to engage in the services business and plans to increase the number of its ships from 8 to 22. (Thun Hoon, […]

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AMATAV Vietnam government approved “Super South Vietnam investment Plan” project license. AMATAV has budgeted US$23mn to develop a housing project. It expects to get a license for two projects in 3Q16. It is confident that land sales will reach target of 150 rai. (Thun Hoon, 08/04/16) Comment: Could there be value here that we haven’t […]

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BIG BIG is budgeting Bt200-150mn to expand its business by opening more branches. It expects 2015 revenue to mark a record high and to pay its first dividend. It expects 2016 earnings to be good. (Thun Hoon, 14/01/16) Comment: I’ve been surprised by their continuing positive performance but I still have doubts on their sustainability […]

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