AOT: ITA Airways (Rome-based) will increase its direct Rome–Bangkok service from three flights per week to daily starting December. CHAYO is seeking bondholders’ approval for a two-year extension on five bond series, offering an additional 0.125% interest in return, citing unfavourable market conditions for new issuances. Comment: That’s all they’re offering to bondholders? The company […]
Read More →Could the upside for Thailand be that there just isn’t any selling pressure left? 2Q earnings are starting soon, let’s see….perhaps all the crap is already priced in.
Read More →Notable Transaction(s) Buy(s) THB 31 mn Sell(s) THB 3.7 mn
Read More →Recap: AEONTS: reported 1Q26np (end of May) at Bt 771m +47% yoy, In-line with Bt 777m consensus, topline -2.1% yoy; but improved asset quality & used car HP portfolio saved earnings. Comment: Now, is the beginning of the recovery? Has it turned the corner? Not just for AEONTS but the entire sector? CNT: reported acquisition […]
Read More →AMATA’s assessing the impact of 36% US tariff, but was in line with its expectation, still keeps 3,500 rai land sale target this year, while WHA said no impact to its main customers, EV and data center, but assessing impact on electrical appliance clients, firms on 1,750 rai land sale target. Comment: Let’s see how […]
Read More →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
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