AGE upbeats 2Q earnings from strong coal sales volume & selling price, tailwind from agricultural commodity transport & bulk logistic, mull revise up full year revenue target from current Bt16b. Comment: Well newcastle prices are up….4x in 12 months BYD to issue 31.32% new share, offering as PP at Bt7.062, raising fund for transport business. […]

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AP reported 4M22 SDH sales +37% yoy >Bt13.5b, ramps up campaign to boost sales, target third consecutive record high profit this year. GPSC anticipates 2Q turnaround from resumption of Glow Energy Phase 5, higher Ft QoQ, contribution from PP investment in India, 192mw new capacity from Glow Energy Phase 2 (SPP replacement) to cod in […]

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BANPU acquires Barnett shale field in Texas with gas production capacity of 225mmscfd from Exxon Mobil for US$750m, lifts total gas production in the US to more than 900mmscfd. Comment: Ya ya ya, share price would’ve been far higher…ok time for me to move on from whining about last year’s recap. Once BANPU has finished […]

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Notable Transactions Buy(s) THB 758 mn GULF – Gobble gobble gobble. A5 – A director bought 3.5% shares from…? JMART – Earnings season is over and the family and founder are back to buying. Sell(s) THB 528 mn CHAYO – Just under 2% of shares sold by the CEO. ALL – Family dumping to ? […]

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The Tourism Authority of Thailand (TAT) plans to spur 80m domestic trips in 1H22 as the downward trend in new Covid infections helps rebuild local travel sentiment. US offers B5.2bn to Asean: Maritime support tops summit agenda. The United States has pledged over US$150 million (5.22 billion baht) in investment to the Association of Southeast […]

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ASIAN revised revenue growth target this year to 19% (Bt11,200m) from 12% earlier, boosted by strong 1Q, with pet foods and frozen foods boosting overall revenue up 35%, keeps 17-18% GPM. Comment: The food/agri co’s have been able to very quickly pass on the cost increases to the market here in Thailand – very different […]

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AQUA sets Bt120m for max 200m share buy back from June 1 – Nov 30 Comment: Oddly rather consistent figures over the past 5 years. COM7 sees >20% revenue growth target, on track to open >150 new outlets this year, bringing overall to 1,200 by end of year, expanding online and game as well as […]

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CHAYO sets Bt3b capex for bad debt purchase, hoping to secure Bt10-15b in bad debt purchases this year, to wrap up plan to set up a JV in AMC in 2H, firms on 25% revenue growth this year. Comment: So much money to be made for these players… DOD to launch CBD based supplements this […]

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BE8 sets Bt620m for X10 acquisition, completion about Aug 2022, boosting digital transformations, to realize Bt313m of Bt564m backlog this year, with plan to bid for another Bt569m, firms on 50% revenue growth. Comment: Boom, stock up. ORI sees solid recovery in 2Q, to start transfer of Bt12b luxury condo, while hotel business under One […]

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So with earnings out, not bad overall, management can start buying their shares in beaten down names again…has the market dropped too far? A little bounce for 1-3 weeks before resuming its downtrend? Or will the commodity complex pull the market back up. Companies and markets are in a (here’s a professional term) funky place. […]

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