ITD expects to win Bt18.7b 16.2km Chatuchot-Lamlukka expressway project from Expressway Authority (EXAT) on an upcoming official announcement today. Comment: Wait……isn’t ITD a bankrupt panther killer, how on earth could a government agency give this project to them? JPARK: CEO, Santipol jenwattanaphaisarn, sold big-lot 39.9m shares (9.97% of paid-up) @ Bt6.35 total Bt253.3m to local […]

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I’m still of the viewpoint that 2H>1H, which will break the usual trend that we’ve seen since Prayuth & friends came in. Far higher probability that the market is nearer to 1,500 than 1,200 from here. Why? Government spending is finallllllllllly back, and at 1.5x the speed due to the budget effectively doubling up => […]

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AOT on reclamation of certain commercial areas (SAT-1 at SIA & Phuket) 1,588 sq.m. to improve facilities & increase passenger waiting areas following the suggestions of Skytrax with effective July 1, reclamation of areas might cause a decrease of Bt1.015m/month for office & state property rent for (FY24/25) and decrease of Bt74m & Bt19m per […]

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CHG mulls adding 70 IPD beds in 2H to accommodate surged traffic from international patients & larger SSO patients quota yoy, expects positive earnings momentum carry thru 2H on seasonal, narrower loss from newly opened hospitals & absence of provision related to Covid, firms on 15% FY revenue growth target. Transport ministry told Highway Dept […]

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BCP expects earnings bottoming out in 2Q from 27 days maintain shut down at Prakanong refinery & 5 weeks at Statfjord O&G EP field, anticipates 3Q recover from higher output & improved crude oil processing rate per day. Comment: And it’s being added back to the big boy index. BEM: transport minister mulls extending toll […]

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ALLY reaffirms 2Q turnaround from eased interest burden after re-payment, contribution from new asset on board, Happy Avenue, small sized community mall Donmuang district. CPF could see flagging sales at its China pork biz on China’s anti-dumping probe on imports from EU, with any gains probably minuscule. CPF’s livestock sales from China -36% yoy, account […]

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ADVANC signed GULF 1 to produce electricity from solar (off-grid project) at 20 base stations, target completion by end of year, aims to expand coverage in remote area & save electricity cost. Comment: I thought ADVANC needs a higher EBITDA to pay divvy’s to GULF to fund all the power projects it won. BKIH: BKI […]

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A5 announced buyback, up to 33m shares (2.73%) under Bt100m budget from Jun 17 till Dec 16. Comment: On paper the numbers seem ok, but a sharebuyback at this valuation? …it’s not that cheap.. AWC sees no impact from the insolvency of FTI in Germany, projects strong OCC to continue in 2H, plans to open […]

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