BAFS anticipates positive 2Q earnings growth YoY, driven by a 6% increase in jet refueling volume amid strong air traffic from the EU and South Asia. The company maintains full-year revenue growth target of 9% to above Bt3.8bn, with sales volume forecast to rise 7% to 5.4bn liters. Key clients include carriers from Thailand, India, […]
Read More →AOT: Norse Atlantic Airways has confirmed a new weekly Manchester–Bangkok route starting November 26, with potential for expansion depending on demand. Comment: These are all positives. Now what about that King Power deal? EGCO targets 4–5 M&A deals in 2H25, focusing on energy projects and renewable assets in the U.S. and Middle East. ESTAR maintains […]
Read More →It’s shopping time, 7/7! How appropriate given that the market is now 20% for the year, the PE seems to have magically disappeared from my bberg but whatever. The yield is now at 4.4%, the index is almost down below 1x PBV – which typically means, it’s shopping season. But we are blessed in Thailand […]
Read More →Notable Transactions Buy(s): THB 90 mn Sell(s): THB 11.7 mn
Read More →DV8 received a tender offer for all share from a group of 8 foreign investors at Bt0.56/share, vs Bt5.5 lastclosed. Comment: Wait what? Is this news correct? A 90%discount to market prices? It does seem to be the case so whoever pumped the stock is going to be quite surprised. HMPRO opens new Hybrid Store […]
Read More →NBTC board postponed endorsement of June 29 mobile spectrum auction, won by TRUE and ADVANC, to make sure there was no collusion, rescheduled meeting to Jul 6, the deadline for it to approve the bidding outcome. Comment: Perhaps for the first time I agree with this news that this is no collusion between these twogroups […]
Read More →AWC and KTB sign a Long-term green loan agreement worth Bt7.9b to support the transformation of Hotel Plaza Athénée Nobu NY into a green building in line with international standards. Comment: Even with green bs, loan growth is still nothing… BANPU, via its Banpu Energy Australia, to acquire a 50% investment interest in the Wooreen […]
Read More →CIVIL wins construction contract from Highway Dept for Highway#4046 Trang-Ban Khok Ton route valuedat Bt648.44m. EA got approval from holders in 3 bonds due in 2025 & 2026 to lengthen payment deadlines by 7 years,but failed to get approval from enough holders to extend payment on 8 bonds worth Bt26b, aiming to ease its financial […]
Read More →Notable Transactions Buy(s) THB 237 mn Sell(s) THB 126 mn
Read More →In the midst of thousands of meetings this week…random thoughts…specifically a POOP theme play. Discussing with a few folks about the upcoming BoT Governors, now what if Vithai (Government Savings Bank) is the next one?What stocks could be in play?One thought was SAWAD – sure makes sense given the relationship between the two organisations. MTC […]
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