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 →AEONTS reports 1Q20 (end of-May) at Bt530m, -46% yoy, TFRS9 & positive impact from lockdown weighed. Comment: Can’t wait to see KTC’s #’s. AP records Bt12.81b presales in horizontal projects 1H20, or 60% of full year target of Bt22.5b. Comment:Â Every major property developer has shown great presale figures for housing projects during 2Q, the question […]
Read More →BAM branches out from NPA auction to direct sales to capture real demand for assets, sees banks stretched term loans & restructuring debtors near terms, may add more assets in 4Q. BWG sold PP 319m shares at Bt0.51 apiece to 5 private investors, will not get subscription right of subsidiary IPO of ETC. Reminder: BWG: […]
Read More →Just have a look the agri sector…imagine how much more valuable CPF would be if it had better corporate governance. I’m still on the stagflation bandwagon…higher costs (so agri/commodities increase in selling price) with zero economic growth for the coming 2-4 years. Then again I could change my mind tomorrow… Domestic tourism – definitely on […]
Read More →Notable Transactions Buy(s) THB 33 mn N/a Sell(s) THB 1.2 bn OSP – Family sells a stake – Peak consumer products? STA – Founders dumps shares – Peak Rubber gloves? STGT – Founders dump shares – Peak Rubber Gloves part deux?
Read More →AOT report aircraft movement 8M20 (Oct19-May20) -29.8% yoy to 425,900 flights, international flights -30.2% yoy to 229,400 flights, domestic -29.33% yoy to 196,500 flights, passenger traffic -33.94% yoy to 64.2m vs 97.18m 8M19, international arrival -34.72% yoy to 37.24m, domestic passenger -32.83% yoy to 26.96m. Comment: And the YoY #’s will only continue to worsen […]
Read More →ANAN to issue Bt1b worth of subordinated debt, offering 9.5% p.a. for first 5 years. Comment: That sounds closer to what I expected for debt pricing, though in reality it should be double digits. BEM sees Blue line ridership rose to 60% or 250ktpd avg post lockdown, expects momentum carry to 2H on school reopen. […]
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, TKTÂ AOT said 8M20 fiscal […]
Read More →ACG moves from MAI to SET under auto sector, effective from July 1 onwards. BDMS has entered into an agreement with China-based Ping An Health Insurance to tap the lucrative Chinese medical tourist market, target Bt1-2b p.a. in revenue. BWG board approved listing of renewable pp subsidiary, Earth Tech Environment, on MAI, expects 2H turnaround […]
Read More →AAV to resume all 25 domestic routes by July, sold 41K seats in a single day on June 23 Comment: And today they’ve launched a pay one-time 2,999 for 6 months special deal. BAM mulls selling Bt25b CD, funding NPAs acquisition in 2H, sees lucrative opportunities in tourism segment. Comment: Would be amusing to see […]
Read More →