GULF-Binance venture gets license for digital asset exchange and digital asset broker business in Thailand, will begin operation from 4Q23. Comment: The Chinese money launderers are going to be very strong in Thailand HFT’s applying for China’s industrial standard certificate, seeks to branch out from motorbike & commercial vehicle tires to e-bike segment, eyes 1st […]
Read More →MAJOR: upbeat 2Q earnings from strong ticket sales during long holiday, higher contribution from advertising revenue & retail business. Comment: First Top Gun saved the industry and now the Super Mario Brothers are going to take it to the moon. TACC: acquires Korean beauty products distributor, Blush Beauty (TH), seeks to branch out from beverage […]
Read More →ADVANC sets Bt27-30b capex, the 1st to achieve 3Gbps speed for 5G on LIVE network mmWave. Comment: So….when 6G? SAMART wins Banglamoong sub-station and procurement contracts at Jomthien sub-station worth Bt2.4b. TGE completed 130m shares PP to 5 investors at Bt2.00, to finance its 2 recently won waste power plants. SSP sets Bt3.1b revenue target […]
Read More →ADVANC upbeats earning outlook from improved ARPU on eased competition, higher revenue from sim sales on surging tourists arrival, maintain mid-single digit revenue growth target, broadband M&A with TTTB expected to complete by end of 1Q. Comment: And voila…we have 3 players now (yeah yeah I know it’s only 2 NT doesn’t count, but on […]
Read More →ASIAN mulls expand OEM pet food from private label segment & increase awareness of its own 3 brands (Monchou, Hajiko & Pro) to expand market share & mitigate risk from US slowdown on frozen seafoods & VAP, lower purchasing power in EU. Comment: Let’s see how the names in this industry play out over the […]
Read More →ARIP reaffirms solid turnaround this year driven by organizing events backlog total 17 projects worth Bt124m, tail wind from digital marketing, creative content & e-learning solution to boost growth, eyes 30% FY revenue growth target. Comment: I do wonder about this industry, obvious tailwind, not sure if the local players can do as well as […]
Read More →CHO sets Bt1-1.5b revenue target this year, returning to profit in 3Q23, supported by Bt800m revenue from SPAC and Bt90m/Q revenue from hemp related business, and Bt1.3b backlog from BMTA bus maintenance contract, realizing over 5-year. Comment: I do like the business model here, as it’s a simple cf spread, but I don’t like the […]
Read More →ANAN: reported disposal of subsidiary, ADC-JV28 co., for Bt2.61b, expects to book Bt506m gains in 4Q. Comment: So they couldn’t complete the project and had to sell early to raise cash? EGCO: signed MOU with Hitachi to joint develop EGCO Rayong smart city in EEC area. ITC: establish subsidiary in China to expand pet food […]
Read More →AH expects parts orders accelerate from vehicles booking during Motor Expo event, FY23 earnings remain intact from battery shield & thrust panel backlog order for Vinfast, axle shaft for Ford, maintain 30% FY22 sales growth target, GPM within 10-12% range, target 10-15% sales growth next year. Comment: Vinfast meh…. AGE targets FY23 coal sales vol […]
Read More →BAM scraps plan to establish distressed assets management jv with finance institution this year as banks delay write-off, Dailynews. Comment: There’s only one financial institution this quasi-SOE could JV with and that’s KTB, another quasi-SOE. CBG anticipates turnaround from 4Q onward after hurt by shrinking margin from high aluminum price, mulls adding more energy drinks […]
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