GULF: signed a 25-year PPA with Electricity Authority (EGAT) for the development of 59mw solar farms, scheduled cod in 2026. Comment: Is someone going to start asking the question “how is gulf going to fund all these projects given their balance sheet?” MTC: anticipate 2Q turnaround as credit demand accelerate ahead of school term start, […]

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A wheel fell off a Yellow Line monorail train and hit a taxi in Thepharak, outskirt of BKK. The train is operated by a consortium headed by BTS (75%), STEC and RATCH. Comment: One hopes that this is a 1 off accident… But I’ll happily blame STEC (anutin) all day long. GUNKUL plans to raise […]

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MASTER sets Bt1.2b capex for 6 investment projects, aiming to become #1 in specialized healthcare service, for gradual revenue recognition from early next year. Comment: So at one point we are going to have to look at this company as a what? A specialised healthcare and aesthetics company? MEGA eyes 5-10% FY24 sales growth target […]

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AH keeps 30% FY22 revenue growth target, maintains GPM within 10-12% range, strong auto parts orders for new launch models, new clients in Africa & Argentina, improved operation in Vietnam & Malaysia plant and auto dealership business to boost earnings, study new products to shift from chassis production to EV parts. Comment: Should that forecast […]

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BCH will book Bt3b revenue from Moderna alternative jab this year, target Covid-related services revenue +104% yoy as caseloads jump, upside from higher SSO patients quota yoy, allots Bt920m capex to revamp hospitals, expand labs. Comment. Would love to know the profits from this oneā€¦. GUNKUL-JMART-SINGER form venture, JGS, to offer solar turnkey solutions from […]

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ADB mulls production capacity of med-grade plastic compound, sealant for construction and plastic beads for cable to capture demand, eyes 30% sales growth target. AOT: Thai Lion Air plans to resume international flights from SIA in 2Q, will open BKK-Jakarta route to serve transit passenger to JPN & India. Comment: Now if only Thailand could […]

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DELTA: expects chips & parts shortage to improve 2H22, plans to invest US$ 120m for new plant in India & expansion in TH, eyes 10-20% revenue growth target, will curb costs to buffer margin. Comment: Still trading at 70-80x earnings….. SNC: anticipates 1H turnaround from recovery demand for account parts upcoming summer season, higher OEM […]

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BAY targets 3-5% FY22 loan growth, NPL <2.6%, teams up MUFG to expand corporate loans in ASEAN, no plans to set up jv on distressed assets management. Comment: That’s because BAY has been far more prudent compared to other banks. If you look at what else MUFG has in the region, you’ll see how BAY […]

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AIE reaffirms solid turnaround 3Q from recovery biodiesel sales volume on easing travel restriction, expects positive momentum 4Q from demand for fuels on holiday season, improved vegetable oil sales vol on reopen of F&B, higher export volume of raw glycerine to India & China for food, pharma, cosmetic production. Comment: Am curious to see how […]

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