DITTO board approved jv with TEAMG & Wong Siam to expand water management business. Comment: Not sure how this relates to their existing business model. EGCO to acquire 49% stake in 609mw gas-fired power plants in Rhode Island, Cogentrix RISEC Holding, to strengthen presence in the U.S., transaction to be completed in 1Q23. NRF cod-ed […]

Read More →

AOT is expected to gain 6.5m passenger after adding 3 airports to management (Udon Thani, Krabi and Buri Ram), translated to 5-6% profit upside, Tabloid. Comment: Thailand’s airport system is actually rather fantastic. Go fly around Europe or the US, a shambles in comparison. BAFS sees clear sign of recovery this year, sets 3,000m liter […]

Read More →

BAFS signs JV OR to establish Global Aero Associates to expand jet fuel services in U-Ta-Pao airport EEC, target cod FY25. Comment: Just imagine the scenario in 5-10 years. Don Muang booming, Suvarnabhumi booming, and U-ta-pao benefiting from the EEC and growth of the Eastern Seaboard region. And then figure out what you would pay […]

Read More →

ERW sets Bt700m capex for 10 new hotels in Thai and Philippines. Comment: That number doesn’t make sense. THB 70mn/hotel? KTC reaffirms record high profit this year, despite difficult 3Q, to sell Bt800m worth of bad loan port and focus on secred loans. Comment: As long as people are paying the minimum amount then they […]

Read More →

AH inked deal MG to expand downstream to dealership biz, sees opportunities from PHEV & EV transition, eyes 20% revenue growth target. Comment: The shift to EV etc has zero impact on the business of companies such as AH, as they don’t manufacture engine parts… AUCT teams up BAM to host NPA auction on Jun […]

Read More →

Notable Transactions Buy(s) THB 135 mn NEX – EA buying into NEX, so the CFO of EA takes a position for himself. SICT – The deputy CEO buys THB 24 mn Sell(s) THB 219 mn SICT – The CEO dumps THB 28 mn (odd when seeing the above) PLANET – So the CEO and CTO […]

Read More →

Notable Transactions Buy(s) THB 714 mn JMART – We were surprised to see this massive buying back by the founder, but also quite happy about it too :p EA – A switch between personal and corporate holdings MPG – Looks like a back door is happening here. BEM – A director buys a share amount […]

Read More →

CBG anticipates wider margins this year from full year contribution of new canning plant, improved econ of scale from larger OEM bottling orders, will add 1 new functional drink under C+Lock range, package subsidiary, APM, to cod paper containers 1Q21. CHO signs MOU with Thailand London taxi operator, Asia Cab, to jointly develop PEV and […]

Read More →

AMATA said will miss 950 rai land sale target this year, as 9-10 clients postponed land purchase due to covid. Comment: No surprises here. Though yes arguably AMATA is attractive on an NAV/share basis atm. AOT reported Bt4,320m FY20 NP, ending September 30, -83% yoy, in-line with Bt4,372m consensus. Its reported a core loss of […]

Read More →

CBG eyes no.1 domestic energy drink market share by FY22, targeting 20% revenue growth next year from CLMV sales, will finalize plan to list supermarket stores, CJ Express Group, within FY22. Comment: CJ dominates eastern Thailand, didn’t know that eh? Yup a drive around there and you won’t see 7-11’s, tesco’s, bigc’s as much as […]

Read More →