Government prepares to accept 100K refugees fleeing fighting in Myanmar after rebel forces seized control of Myawaddy, a border town opposite Tak’s Mae Sot district. PM’s instructed Chiang Mai and every province in the upper North to prepare their operation centres to handle the haze situation in order to ease air pollution during the upcoming Songkran festival when a rise in the number of tourists is expected. The cabinet approved fresh property measures, including new cuts of the transfer fee from 2% to 0.01%, slashing mortgage registration fee from 1% to 0.01% and raising the limit for hom ..read more

Week 09/04 – 12/04 Company hsg.vn, dgc.vn, hvn.vn, mwg.vn, pow.vn, vhc.vn, vic.vn, HSG VN: plans to pay cash dividends for the 2022-2023 at the rate of 5%. The last registration date is April 25th. DGC VN: spent more than VND253 bn to buy the assets of Dai Viet alcohol factory and will convert it into Duc Giang alcohol factory. Comment: These guys have been going from strength to strength. HVN VN: signed a memorandum of understanding with Chinese partners on April 9-11, with a total value of nearly $450 mn. MWG VN: conducted a private offering of 5% shares of BHX Investment Company in April. T ..read more

3BBIF said BBL has accepted for consideration adjusting interest rate and extending payment terms, while ADVANC is confident downtrend in interest rate is helping the case. Comment: I have read, from people far smarter than I am, that the US Fed will cut rates in July & Sept – purely for optics…and if that’s the case…market go up. PTG to push Maxbit to become #2 in digital asset trades, targeting 350K members by end of year, with 9-10% market shares. Comment: Really? Hmmm another funny pump name? But they do have….the millions of members from their PT Max Cards…why not… SCGP may report 29 ..read more

CCP sets 3 year CAGR at 10%, on core business and cost control, with Bt1.6b backlog to gradually realize, eyes Bt2.5b worth of new project, targeting 50% success rate, and firms on Bt3.3b revenue target this year. Comment: A smaller construction material provider…nothing too attractive here on paper… CENTEL sees hotel business growth at 20% on Songkran momentum, boosting avg room rate, sees higher competition in food/restaurant. Comment: Hotel cookieeee munsterrrr. Room rates are far higher than pre C19, the smaller hotels are still not back up and running…market share has gone to the stronges ..read more

AH sees rising opportunity for EV parts orders and Changan dealership shows strong growth, sets Bt800m capex this year. Comment: Sure – but again – total volume growth isn’t there, it’s just replacement for the domestic market. BAFS sets Bt1.2b capex for project to connect pipeline with Thappline in Bang Pa-in, contract by 1H24 and COD in 2026, sees 17% growth in jet fuel sale and 41% in pipeline transport in 1Q24. EPG sees rising demand for coffee cups during 5-day Songkran holidays, while weak THB boosted export revenue, firms on 8-10% revenue growth target this year. ITD holds public presen ..read more

Notable Transactions Buy(s) THB 208 mn AMARIN – And he continues to buy EKH – Warrants? Sell(s) THB 110 mn CPALL – That’s a YUGE amount SISB – This director dumps a significant amount of shares. The post Management Trades 01/04 – 05/04 first appeared on ThaiCapitalist ..read more

It’s songkran holiday week & people are already gone on holidays…but…the market has a lot going on for it. (note i’m posting this on the 11th April), governments announcing the budget, digital wallets, and property stimulus – same game different decade…. The post Market Update 08/04 first appeared on ThaiCapitalist ..read more

SEC’s banned local investors from buying NVDR from April 1, to prevent them from using NVDR to avoid regulatory oversight. A total of 10,589 were booked during first 5 days of BKK Moto Show 2024, including 9,462 cars and 1,127 bikes. Bracing for the budget boom: Industries are readying themselves for a huge injection of government cash after the 3.48-trillion-baht budget bill was finally approved by parliament after months of delay. After a delay of six months, the government’s 3.48-trillion-baht budget bill was finally approved by parliament on March 22, followed by the senate on March 25. T ..read more

AMA raised land transport utilization to 85% from 80%, better April than Jan, on higher rate and margin, brighter 2Q post vessel maintenance, adding new vessel in 2H. AP reports Bt17.5b 1Q presales, on higher demand in all segment, plans 22 new projects in 2Q worth Bt27.7b. CHAYO bought Bt29.04m of bad debts in 1Q, keeps Bt10b FY24 target, as the bulk of them will be in 2H, to list Chayo Capital by end of yea . Comment: Not quite anything to special to shout out from the rooftops…but it’s the usual annual game, where BAM overpays in the first 9M of the calendar year…and then every other player ..read more

ASW recorded Bt6,269m 1Q sales, +65% yoy and account for 35% of Bt17,800m FY24 target, its “Title” jv project has 50% booked and Title Serenity NaiYang Phuket attracts lots of interest, plans 2 projects worth Bt2,460m in 2Q. COCOCO reaffirms 30-40% revenue growth target this year, on rising demand for coconut water and related products, sets Bt250m capex for semi-auto warehouse to manage its product and inventory. Comment: Let’s see how far it can go. ERW sees strong 1Q on strong NY and CNY, 8-10% room rate hike in 2Q and Songkran to carry on momentum in 2Q, plans 14 new Hop Inn in TH, Philipp ..read more