AAV eyes 20m FY24 passenger target, supported by improved traffic to China on the back of visa wavier scheme (93 flights/week vs 83 in 4Q23), larger fleet size yoy (60 aircrafts vs 56 in FY23), new route from Taipei-Okinawa, Taipei-Osaka, Kaohsiung-Narita start from 2Q. ADVANC and TRUE are awaiting NBTC’s draft auction planned for 3 […]

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BPP in talks to buy gas-fired power plant in the US by end of 1H, mulls 25-30% stake of the project, sets $ 500m capex between FY24/25 for M&A and energy project, target 5,300mw by end of FY25 (4,500mw fossil & 800mw renewable) from current 3,632mw & 385mw. GUNKUL upbeats earnings visibility from Bt4.8b backlog […]

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ADVICE in talk Apple to be authorize distributor in TH, expects to open iStudio by Advice by eo-2Q. Comment: I don’t know anyone that got these shares, so the great little pumps are back! ASIAN upbeats outlook this year from improved frozen seafood exports vol, +ve pet food sales mmtum, eased pressure on pdtn costs, […]

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INGRS signed MOU with S.KR based, Sungwoo Hitech, on business collaboration for developing manufacturing and supply of BEV related components, expand automotive components market in Asian. Comment: I mean, ok, fine… ORI’s 2023 presales exceeds Bt47,265m, record high, supported by strong sales at Pet-Lover condo in Thonburi, reports purchase of 5.88m shares (2.94%) of NETBAY […]

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ADVANC: 3Qnp at Bt8.14b, +35% yoy, beats Bt7.36b consensus, strong SIM & devices sales, improved service revenue from broadband, larger 5G subscribers at 8.5m (eo-3Q) +54% yoy, lower depreciation & SG&A boost earnings. Comment: Less comp, reopening, low base comp, simple story AOT: Lufthansa redeploys A380 on direct service between Munich and Bangkok (SIA), the […]

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BANPU sets 3 years capex plan at US$2b (Bt 70b) to expand renewable port, invest in energy tech, future mining (Nickel & Lithium) carbon capture, R&D 100% ammonia burn hydrogen-based powerplant. Comment: BANPU should continue to enjoy the amazing cash flow’s they’re getting from coal, it’s going to be stupidly higher for a number of […]

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AOT: Civil Aviation Authority (CAAT) affirms readiness of DMK airport to accommodate high season, handling capacity 57 flights/hr. able to cope with increased flight slots. Comment: The issue isn’t in TH, the issue is that China is isolating itself and making life difficult for citizens to easily fly overseas, and that incredible India doesn’t have […]

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A (sort of) New SET calculation After years of sitting on their butts the exalted individuals that are running the SET have instead of deciding to fix the free float requirements of joining the SET50 (hello DELTA), instead they are going to launch a brand spanking index that will take into account the free float […]

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CHAYO reported Bt5.33b NPL & NPA purchased in 1H, lifts bad debts to Bt88.3b under management, target Bt100b by end of year. Comment: The industry is still going to be a boom period for another 5 years, there is just too much bad debt out. CK expects full year construction backlog reaches record high above […]

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A5’s 80 units 29 storey hi-end project, Tonson One Residence, under jv Capstone Asset begins transfer in 2Q, expects positive earnings momentum in 2H from Bt4.5b backlog, maintain launch plan total 4 projects worth Bt8b in 2H. Comment: Well…they launched/planned all these projects and deals right before covid…at a time of cheap capital, let’s see […]

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