CHO sets Bt1-1.5b revenue target this year, returning to profit in 3Q23, supported by Bt800m revenue from SPAC and Bt90m/Q revenue from hemp related business, and Bt1.3b backlog from BMTA bus maintenance contract, realizing over 5-year. Comment: I do like the business model here, as it’s a simple cf spread, but I don’t like the […]
Read More →AJA said EV bike sales to exceed 3K in 3Q, with price ranging Bt40-100K, mulls revising sale target to 6K for Bt240m and 30% margin, sees big growth in years to come. Comment: Normally I’d say – love the story – but when i see a company like AJA getting into this….I just think…ah no…., […]
Read More →Notable Transactions Buy(s) THB 240 mn SPALI – The power couple keeps buying and buying and buying. SUSCO – Now that’s interesting, haven’t seen them buy shares in a long time, a beneficiary of falling oil prices and increase in fuel volume (via its holding in BAFS and trading oil to Cambodia) Sell(s) THB 112mn […]
Read More →PTTEP: reaffirms solid turnaround after hit by hedging loss in 1Q, sees higher average sales volume in 2Q at 467k boed vs 427k in 1Q, expects gas selling price peak in 4Q on renewal of gas purchase agreement in several projects. Comment: Even my grandmother can trade oil better than this pttep team. At least […]
Read More →BGRIM target to wrap up 2-3 oversea PP deals with 100-200MW capacity by eo-1H, in collaboration with TRUE to develop digital innovation for power business, by focusing on commercial buildings and IEs. Comment: The power monster of the region. BH: BBLAM cuts holding by 0.3141% to 4.1736% of total outstanding on March 24. CPF’s exported […]
Read More →ADB target 20% FY22 revenue growth >Bt2b driven by bioplastic & med-grade plastic compounds for blood bag, syringe, med equipment & packaging, mulls 50% capacity upgrade to fill demand from overseas. Comment: Great headline but look through the figures of the company, not much happened until the past 2 years and it wasn’t GPM driven. […]
Read More →AGE to buy 55 new transport trucks, hoping to boost revenue from logistic to Bt600-700m from Bt300m last year. Comment: Main story here is increasing coal prices and the inventory boost. AOT signs MOU with TAFA consortium to expand perishable goods cargo business at SIA. ATP30 mulls switching to EV van & EV bus for […]
Read More →7UP: Advance Capital partner cuts holding by 11.9023% to 2.9284% of total outstanding last Friday (January 22.) Comment: And that means that this odd listed co has no major shareholder. Though someone must’ve taken the block from Advance Capital. Look at the Board, dodgy characters… COM7 teams up Shopee to roll out online campaign, Shopee […]
Read More →AMA in talk 2 logistic partners to expand from Oil & Gas transports to industrial logistic, expects big jumps 3Q from larger average tanker size yoy from 13k tons/trip to 15ktpt, positive momentum from onshore logistic as PTG & AIE increase shipment of gasoline and B100 transport, will add 60-80 oil trucks in 2H after […]
Read More →AKR sees 2H turnaround from recovery demand for high voltage transformer from EEC expansion, power & solar rooftop projects, will bid for U-Ta-Pao airport projects and high speed rail projects, Bt1b backlog to realize till 2H21. Comment: If thats the case then you have the usual players of AKR, DEMCO, TKT AOT said 8M20 fiscal […]
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