Oil Fuel Fund seeks loan of B40bn: Cash needed to subsidise oil prices. The Oil Fuel Fund has enough credibility for financial institutions to extend it loans to boost liquidity, enabling it to subsidise the domestic oil price, says deputy permanent finance secretary Theeraj Athanavanich. Bangkok Post Joint sandbox to be discussed: BoT in talks with […]
Read More →AAV: will resume 2 daily flights from SIA to KL from June 20. Comment: A large segment of the population still doesn’t realise how quick traveling is going to come back, but, only for certain segments. And AAV is going to easily pass the higher fuel costs for the first 6 months. Next year it’ll […]
Read More →BCP sees recovery in fuel sales, after boosting refinery output to >120K bbl/day, sees growth in marketing business, plans to add 80-100 retail stations, boosting total to 1K by end of year, sets Bt39b capex for this year. Comment: There’s still plenty of room for BCP to grow in the retail business. BDMS plans Bt23.5b […]
Read More →AGE upbeats 2Q earnings from strong coal sales volume & selling price, tailwind from agricultural commodity transport & bulk logistic, mull revise up full year revenue target from current Bt16b. Comment: Well newcastle prices are up….4x in 12 months BYD to issue 31.32% new share, offering as PP at Bt7.062, raising fund for transport business. […]
Read More →AP reported 4M22 SDH sales +37% yoy >Bt13.5b, ramps up campaign to boost sales, target third consecutive record high profit this year. GPSC anticipates 2Q turnaround from resumption of Glow Energy Phase 5, higher Ft QoQ, contribution from PP investment in India, 192mw new capacity from Glow Energy Phase 2 (SPP replacement) to cod in […]
Read More →BANPU acquires Barnett shale field in Texas with gas production capacity of 225mmscfd from Exxon Mobil for US$750m, lifts total gas production in the US to more than 900mmscfd. Comment: Ya ya ya, share price would’ve been far higher…ok time for me to move on from whining about last year’s recap. Once BANPU has finished […]
Read More →Notable Transactions Buy(s) THB 758 mn GULF – Gobble gobble gobble. A5 – A director bought 3.5% shares from…? JMART – Earnings season is over and the family and founder are back to buying. Sell(s) THB 528 mn CHAYO – Just under 2% of shares sold by the CEO. ALL – Family dumping to ? […]
Read More →The Tourism Authority of Thailand (TAT) plans to spur 80m domestic trips in 1H22 as the downward trend in new Covid infections helps rebuild local travel sentiment. US offers B5.2bn to Asean: Maritime support tops summit agenda. The United States has pledged over US$150 million (5.22 billion baht) in investment to the Association of Southeast […]
Read More →ASIAN revised revenue growth target this year to 19% (Bt11,200m) from 12% earlier, boosted by strong 1Q, with pet foods and frozen foods boosting overall revenue up 35%, keeps 17-18% GPM. Comment: The food/agri co’s have been able to very quickly pass on the cost increases to the market here in Thailand – very different […]
Read More →AQUA sets Bt120m for max 200m share buy back from June 1 – Nov 30 Comment: Oddly rather consistent figures over the past 5 years. COM7 sees >20% revenue growth target, on track to open >150 new outlets this year, bringing overall to 1,200 by end of year, expanding online and game as well as […]
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