BCH up hospitel capacity to accommodate rising virus cases after long holidays. Comment: Lots of unregistered “positive” cases throughout my network at the moment. Obviously not shown in the figures, and by now you’ll know my viewpoint is that I just don’t care about this. I hope that most people don’t care either. KBANK in […]
Read More →BGRIM performed foundation stone laying for its Bgrim Power Angthong 2 and 3, 280MW combined worth Bt12b, CODed late next year and Bt5-6b revenue per year. Comment: Screwed on margins for the rest of this year until the government can start charging the nation higher costs for electricity. KBANK’s announced a Bt100b strategic program aimed […]
Read More →Last week’s announcement by ADVANC on its proposal to acquire fixed broadband provider Triple T Broadband (TTTBB) is expected to complicate the telecom regulator’s decision on the fate of the merger between TRUE and DTAC, with the sector becoming a duopoly. Comment: It’s not complicated, its very straightforward, the next decade will see great cashflows […]
Read More →And my fear for my commodity names ended up being correct, and I think great buying ops. Despite all this rhetoric about the end of the world and demand destruction, I just don’t see it being the case (for now – still a low a probability event) The SET and most of the region (excl […]
Read More →AOT to open bid for Bt7,830m East-passenger terminal extension next year, with construction expected to begin soon after. Comment: I’m all for these expansions, Thailand had infrastructure issues dealing with the increase in Chinese tourists leading up to 2019, if we throw in the Indian market, it would be impossible for the travel industry to […]
Read More →AEONTS’s 1Q23np (end of May) at Bt1.11b, -3% yoy, il/w Bt1.03b consensus. BIZ in talk partner to invest in hospital business, aims to diversify earnings from med supplies, cancer radiosurgery system, disinfection & unmanned delivery robot business. CPALL signed Lisa Blackpink as brand ambassador, citing The Standard Wealth. Comment: I suppose this is positive? DTAC’s […]
Read More →ADVANC buys 3 startup cos (Choco-Datafarm-Switt Dynamics) from INTUCH for Bt239m. Comment: Left pocket right pocket. Perhaps a little 1 time gain to be recognised by INTUCH ASIAN keeps 19% FY22 sales growth target, supported by pet food & frozen food sales, weak THB to boost revenue from exports, sees current margins at 17-18% vs […]
Read More →YTD the market is down -5%, look at the USD/THB, its down -6.9% just in the 2Q alone. Ouch…. So winners? Only the tourism names which includes the hospitals. It’s going to be a rather quiet week, US markets are on holiday, though I have a confused eye on my commodity names. Let’s see…
Read More →Note: It’s entering into blackout season as earnings are 45 days after the end of 2Q. Expect to see few major transactions Notable Transactions Buy(s) THB 332 mn GUNKUL – The founder/chairman has been on a rampage. META – No idea what’s going on here, but its a messy shareholder structure with odd share movements. […]
Read More →Industry upbeat on outlook for H2: Asia-Pacific still lags the globe as travel restrictions take a bite. The aviation industry is finally seeing signs of optimism as it tries to rebound from a major crisis, although the recovery path appears to be uneven across the globe, particularly in Asia-Pacific as a result of remaining restrictions. […]
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