BGRIM to COD 3 solar farm projects in Vietnam with 677MW capacity in June, confident of achieving 15-20% revenue growth target this year, eyes 2-3 SPP deals in Thailand by end of-3Q. BTS expects skytrain ridership +4-5% after cod Lat Phrao Intersection station (N9) next to Central Ladpral mall and TMB HQ in 3Q.Comment: I’ve […]
Read More →That’s the amount that was traded on the Stock Exchange of Thailand yesterday, an all time high. Why? It was the MSCI re-balancing day and therefore a lot of funds had to be moved around. Is there a real net impact? No as the majority of the trades were done off the market for passive […]
Read More →ASIAN sees big jumps 2Q from strong pet foods sales and OEM order from plant in China, maintain Bt10b FY19 revenue target, Bt13b next year. CNT anticipates recovery 2Q from recognition of construction projects, target to secure at least 20-25% of Bt50b current bidding, 50% of Bt13b backlog to realize this year, firms on 20% […]
Read More →It’s been well advertised that the Duty Fee of AOT is currently undergoing a bidding competition. So here’s what we know: 22 May was the deadline for submission of bids. There were five companies that bid on the 22 May and these are: King Power Duty Free co (the current player) Bangkok Airways (BA) Plc […]
Read More →BTS rpts FY19 (eo-Mar) at Bt2.87b -35% yoy, topped Bt2.79b consensus. GUNKUL signs underground wiring pj worth Bt5.14b, lifts bcklog above Bt7b, eyes 30% rev grwth t/g. MINT in 2-day wait after it appealed with AOT to reconsider its bid to manage commercial activities in Suvarnabhumi airport, but insisted that its prospects have not change […]
Read More →AMATA: anticipates recovery IE land sales 2Q from migration of production-base to TH from China, 70% of Bt 3.7b backlog to realize this year, in talk clients to sell 280 acres land, maintain 402 acres full year target. Comment: What EEC story? BEC: sees 2H turnaround as costs drop aft return 2 DTV licenses, seeks […]
Read More →Notable Transactions Buy(s) THB 104 mn UREKA – Not sure what the director sees here unless there’s a turnaround on the horizon Sell(s) THB 99 mn HMPRO – That’s another massive sale (THB 82 mn) by the Chairman
Read More →EGCO starts EIA on project to develop land in Rayong PP into industrial estate to cater for EEC investment. PF reports Bt5b sales 4M19 from 3 new launch SDH projects, will launch additional 14 pj in 2H (1 condo, 13 SDH), focus mid & high-end segment, maintain Bt19b full year target, Bt5b out of Bt6b […]
Read More →DELTA teams up Nissan to provide EV home charging systems and after sales services for Nissan Leaf users. Comment: Good for Nissan, sure; good for delta? I have my doubts ITEL said Bt5.7b existing backlog to drive revenue growth by 30-40%, to boost domestic revenue and keep expanding oversea. JUBILE sees growth momentum into 2Q […]
Read More →ANAN to launch hi-end projects, IDEO Q Phahol-Saphankhwai, 39 storeys 1,119 units, pre-sales kick off May 25-26. Comment: If these pre-sale numbers are higher than what the market expects, then…? It is trading at 5x but without a doubt the real estate market has weakened BGC mulls M&A film & paper packaging business, seeks to […]
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