AOT reported 7 days passenger traffic via 6 airports under management during Songkran fest (Apr 11-17) +22.7% yoy to 2.49m travelers, aircrafts movement +15.3% yoy to 14,934 flights. Comment: And voila….2025 is going to be higher. And people still don’t believe it yet. ASW anticipates 2Q turnaround from completion of 4 condos total Bt6.6b, tailwind from ongoing transfer of 2 SDH projects. Comment: Well…not sure about this company – and how it isn’t bankrupt yet. BH reports Bt1.98b 1Q, +25.3 yoy, beat Bt1.78b consensus, thanks to robust traffic from both Thai & non-Thai patients, with 33.5 ..read more

BLC’s unit, Bangkok Drug, wins license from Japan partner, Nichi-Iko Pharmaceutical, to solely distribute its generic pharmaceutical products in TH, expects sales jump from good products at affordable price. Comment: Should be worth our time to investigate. CK firms on plan to participate auction of 5 dual-rail projects total Bt128b this year. CPNREIT to raise up to $31m in a PP and up to $278m via preferential public offering to eligible existing unit holders, at 2.8%-6.5% discount to Tue’s closing price of Bt10.7, to be used to invest in the Central Pinklao Project and pay for rental fee of ..read more

BGC mulls revising up FY24 sales target following positive surprised bottles & packaging sales, supported by tourism, long summer season, consumption during Songkran festive. Comment: Does that mean singha beers > chang beers? CENTEL’s 95 guestrooms first affordable lifestyle brand hotel, COSI Vientiane Nap Phu in Laos opens today. Comment: Cookie munsterrrr FLOYD wins 2 electrical engineering contracts from Central Food Wholesales & HomePro total Bt115.56m. GULF said no intention to become major holder of KBANK after report holding 20.542m shares (0.87%), ranking it the 14th larges ..read more

Notable Transactions Buy(s) THB 5 mn N/a Sell(s) ZZZ N/a The post Management Trades 15/04 – 19/04 first appeared on ThaiCapitalist ..read more

Week 15/04 – 19/04 Corporate – ctd.vn, gmd.vn, mwg.vn, hhv.vn, shb.vn CTD VN: signed a strategic cooperation agreement in establishing and implementing investment activities in the Vietnamese market with Kusto Group. Accordingly, Kusto Group commits to invest $200 mn through co-investment cooperation with CTD in the period 2024 – 2028. GMD VN: completed the divestment of all shares at Nam Hai Port to Nhat Viet Joint Stock Company (Vietsun). The ownership ratio accordingly decreased from 99.98% to 0%. MWG VN: were officially removed from the VN Diamond basket. It is expected that DCVMVVN Diamo ..read more

Random Thoughts…given I read a tonne of research papers…notes…etc…I’m going to start dumping thoughts, notes here, will try to source/date…remember don’t invest based upon my ramblings, instead follow the worst piece of advice ever created by the investment industry…do your own homework. Emphasis always mine. Source/date: Tchart (maybe?) 8 April 2024 DMK Duty Free Space management up for bidding AOT has opened the bid for the concession to manage 1,200 sqm of commercial space at Don Mueang Airport’s (DMK) terminal 2 from July 2024-October 2034 after the previous concession managed by the Mall ..read more

EGAT insists power supply will be sufficient as it plans to import more LNG to support power gen in the country. Reshuffle to follow Songkran: PM to hold meetings with coalition. Discussions among coalition parties over whether it is time for this cabinet’s first shake-up will take place after the Songkran holiday, Prime Minister Srettha Thavisin said yesterday, despite previously brushing aside rumours that a change was on the cards. Looser conditions for 2nd phase of renewables auction: Energy officials are planning to relax the conditions for the second-phase auction of the renewable energ ..read more

PPM: reaffirms solid 2Q supported by robust sales of copper tube and air condition insulation as demand for cooling products grow during summer season, tailwind from turnkey solar rooftop subsidiary, Solar PPM, boost earnings. PTTGC & TOP are expected to recover in 2H from lower interest exp as both buy back & cancellation of a portion of USD debentures due in 2050, Kaohoon. Comment: And what if the THB get’s stronger over the coming few months/quarters/years from this current point? SIRI: maintains 2Q launch plan, 11 residential projects total Bt12b, adding more mid-range SDH Bt5-7m t ..read more

ADVANC: reported inbound roamer +38% yoy during Songkran fest (Apr 12-15) thanks to surged international arrivals during long holidays; whereas, broadband data usage +15.78% yoy. Comment: GULF could create their own internal Hedge fund to trade off all the data that they can see from ADVANC + THCOM + all the power projects.. BAM: cod 50:50 distressed assets management jv with Government Savings Bank today, will transfer Bt70b NPL from GSB to the management at 1st phase. Comment: This news appears to be incorrect….but ok, let’s assume its BAM, the company, and not the management of BAM that is ..read more

Short week. Earnings season starting…let’s see how bad things are…or not. The post Market Update 17/04 first appeared on ThaiCapitalist ..read more