So bank’s had moved from 0.5x PBV to now near 0.9x, its done, next move is tougher, though with higher rates, their NIMs may surprise. The supply chain destruction play is still in full-on mode, look at energy/agri/shipping. The extinction event of SMEs – that’s ongoing as well, look at the bad debt buyers and […]
Read More →Notable Transactions Buy(s) 448 mn SA – The founder is going for it, he’s of the viewpoint that the future is bright for SA. TFG – Agri prices are staying high high high. GUNKUL – So the founder bought some shares and then releases news that they’ll do Hemp farming. Sell(s) THB 184 mn SIMAT […]
Read More →Anti-government protests resumed over the weekend in 4 locations in BKK, some 20-40 protesters were arrested. Police are working to identify those who hijacked police vehicles and helped two detained protesters escape during the protests. CCSA is set to consider easing quarantine rule for tourists from next month, where they will be allowed to leave […]
Read More →ASAP sees earnings bottom out 1Q, expects strong car rent in 2Q from demand for distance travel on long holidays & domestic tourism stimulus, seeks to expand corporate car rental to balance revenue mix, target 3k used cars sales this year from 1k units in FY20, will add 5 outlets of ASAP select from current […]
Read More →CPF sees solid performance this year, boosted by contribution from swine business in China after acquisition of CIT, cost control and recovering global economy, mulls plan to add hemp and plant-based protein products. OR expects oil sales this year to be close to last year at 27,000m liters on higher demand, plans to raise EV […]
Read More →ILINK sets Bt6,000m revenue target this year, on solid growth in 3 core business, supported by Bt3,800m telco backlog, of which Bt1,600m to realize this year, 5% growth in engineering business, on expected completion of 2nd phase Suvarnabhumi airport middle of the year. Comment: They are finally achieving everything that was postponed when these crooks […]
Read More →BA expects Bt3.9b revenue from passenger traffic this year, with 61% load factor, sees full recovery in 2-3 years. Comment: I’m still wondering when/if BA/AAV will recap, I’m just waiting for this opportunity. BAM mulls spinning off retail & P-loan unit to boost flexibility and improve competitiveness, in talk ILM & GLOBAL to tap in […]
Read More →BEAUTY’s confident of turning around to profitable this year, sees 5% revenue growth on cost cutting and hemp-based cosmetics. Comment: Another “hemp player”. No one is trusting BEAUTY given that there are no Chinese tourists in town. CPN firms on plan to open 2 malls this year including Central Plaza Ayudhaya & Sriracha, Central Plaza […]
Read More →I’ve been saying it for months, and I’ll continue to, commodities, hello crude oil my old friend. Thoughts: Are we finally seeing the demise of the sexy “tech names” which is amusing as the tech names here are manufacturers and not global software plays.
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 […]
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