AUCT: anticipates recovery traffic at auction yard 2Q onward as repossessed vehicles mounting on third wave of pandemic, expects wider margins this year from lower SG&A and online auctions, upside from partnership with leasing & distressed assets management partners (ECL & CHAYO). Comment: CHAYO is the interesting play here, they have access and now a […]
Read More →IVL: expects big jump this year from recovery demand for PET on improving consumption, strong demand for technical fibers for PPE, med supplies and auto parts, stock gains boost earnings. Comment: Where’s the next M&A for this cookie munsterrrrrrrrrrrrrrrrrrrrr?! ORI: reaffirms solid turnaround 1Q from completion of 2 condos and transfer of ready to move […]
Read More →Here’s the dirty little secret, local restaurants, coffee shops, retail have zero impact on GDP. If they’re shut down, it doesn’t show up in the #’s. I have a simple viewpoint regarding the markets still, it hasn’t changed much. Some trends come and go but the supply chain issues will last for the rest of […]
Read More →Notable Transactions Buy(s) THB 5.7mn N/a Sell(s) THB 11.5 mn N/a
Read More →TH General Insurance Association sees Covid insurance policies exceeded 10.65m, 100k-200k policies sold/day, April Covid claims alone 5x above Bt77.3m FY20 entire year claims. Export target likely to exceed 4% after Q1 bump: The Commerce Ministry plans to upgrade its export growth forecast to more than 4% after Thai export value in March recorded 8.47% […]
Read More →ANAN inked deal with local crypto broker (Bitkub), allowing property buyers to make purchase with crypto via Bitkup wallet. Comment: More positive for Bitkub than for ANAN BPP to start recognizing Bt220-250m p.a. revenue from its 13.4% stake in the Nakoso IGCC PP from 2Q21, on track to expand investment in the US, China, Japan […]
Read More →INET sees FY21 revenue from cloud services +50% yoy from remote working, online platform expansion & paperless adoptions, will estimate Bt4.5b IFF (DCREIT) offering in 2Q. Comment: I still don’t understand why any private enterprise would bother with INET. IRPC upbeats FY21 earnings from wider chem spreads yoy, stock gains & improved sales vol supported […]
Read More →God damn it! I was and remain of the viewpoint that AirAsia is going to rock and roll coming out of this period and I was looking forward to participating in an equity recap of AAV and ride the recovery trade in 2H21 and throughout 2022. But the clever folks there decided to keep the […]
Read More →ASW, real estate developer, Assetwise, debuts IPO 206m shares at Bt9.82 apiece, ASP leads Comment: Does it make sense for the pop on a fundamental level? NO! But on a funnymental level, oh hell yeah. Small float, retail investors back and active. BAY’s adding more health insurance products on shelf, aiming to boost fees from […]
Read More →ACE and UAC are to submit bids for 10 and 6 community PP permits today. Comment: ACE > UAC (police connections help) AH sees capacity utilization above 80% 1Q21, expects positive parts sales momentum carry thru 2H from improving auto market, eyes 10-15% revenue growth target. Comment: Then they are maxed out. BGRIM is in […]
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