BBL: credit cost is expected to descending lower from 4Q22 after set aside LLP in 2/3Q to tackle headwinds, NIM expansion from rate hike & repriced overseas loans able to offset soften fees & non-NII, 240% NPL coverage eo-3Q, CAR 18.2%, T1 15% reassure financial health. Comment: If you want a pure corporate play, it’s […]
Read More →We’re still in the midst of earnings season and guess what…several companies are reporting better than what most have expected….people still forget that TH only opened up in May/June this year… B-b-b-but russian/ukraine, inflation, recession. Wasn’t 2020-2021 already economically awful for this part of the world? I don’t care much about a “US Recession” it […]
Read More →Notable Transactions Buy(s) THB 175 mn Sell(s) THB 195 mn
Read More →Week 31/10- 04/11 Company News vhg.vn , vpg.vn, vnd.vn VHG VN Trung Nam Construction Investment JSC targeted electricity sales at US$1bn in 2026, up from US$200mn last year, with EBITDA margin at 90%, co. said in a statement released at investor meeting in Ho Chi Minh City on Thursday. Trungnam Group planned to join bidding […]
Read More →ADVANC: 3Qnp at Bt 6.03b -5.4% yoy; missed Bt 6.42b consensus, core service revenue +1% yoy; -0.5% qoq as inflation eroded purchasing power on price sensitive mobile users. Comment: Far better than DTAC & TRUE…for now… CAZ: awarded 2 construction contracts total Bt 143m. IVL: joins bidding race against Bain Capital & CVC for PET […]
Read More →CPN: plans Bt 14b investment in 2 mixed-use projects in Nakhon Sawan & Nakhon Pathom provinces, target cod both within 1H24. Comment: And they’re going to conquer it all. PTTEP: reaffirms solid 4Q from higher Oil & Gas sales volume from Arthit, Erawan & Bongkot fields, tailwind from Algeria Hassi Bir Rekaiz projects, seeks to […]
Read More →BCP: subsidiary, OKEA ASA, completed 3 O&G fields transfer from Norway O&G operator, Wintershall Dea, will realize revenue from November 1. Comment: Not sure on the pricing, but it’s going to be a great few years for O&G (main risk is if the american government allows o&g firms to start drilling again….) BH: cod-ed corneal […]
Read More →AAI: ASIAN’s pet food unit, Asian Alliance International, debut IPO 637.5m shares at Bt 5.55 apiece, Tisco & UOBKH joint-leads. Comment: And that’s how you do an IPO pump. BBL: expects FY22 loan growth near double digits vs 4-6% previous projection, target 2-4.5% for FY23 (1-1.5x of FY23F GDP growth), NPL & provision likely to […]
Read More →Inflation/supply chain A silly analogy however every once in a while Ill enjoy an overpriced (but fantastic) coffee for 120 baht. Recently the price has increased to 140, why? According to the staff it’s because finding fresh cow milk is harder than before. This doesn’t apply just to them, the average coffee that I buy […]
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