Stocks in the news (amata, centel, cpall, ptt, sis, spali, tfg) 28.03.24
ThaiCapitalist
by Pon
14h ago
AMATA upbeat FY24 outlook from surged demand for industrial land on improved FDI, margin is expected to expand yoy on price hike, 50% of Bt14b outstanding backlog to realize this year, may see FY24 sales exceed 720 acres target (1,800 rais), will submit filing to list utility unit (AMATAU) by end of year. CENTEL is expected to report solid 1Q as Jan ADR and RevPar +20% yoy & +40% from 4Q23, thanks to strong operation from hotels in tourist town upcountry and resorts in Maldives, F&B margin to recover yoy as food costs drop, expense on opening of Centara Osaka to gradually drop after pa ..read more
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Stocks in the news (aav, crc, kex, gulf, sappe, sky) 27.03.24
ThaiCapitalist
by Pon
2d ago
AAV upbeats FY24 earnings as TH-China flights jumped 3 fold following visa wavier became effective, upside from BKK (DMK) – Beijing route, mulls adding 3k seats domestic & international flights to capture travel demand during Songkran festive in Apr, aims to keeps LCC market share within 35-40% range, lower exp on interest & aircraft upgrade to boost margin, India flights allocation to conclude in 2Q. CRC announced Bt4b transformation of Central Chidlom into “The Store of Bangkok”. Comment: It’s starting to feel that Central is spending money for the sake of spending. Then again they a ..read more
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Stocks in the news (24cs, jpark, pttgc, sabuy, stower, tu) 26.03.24
ThaiCapitalist
by Pon
3d ago
24CS: wins infra work project from ICOCO (TH) valued at Bt75.35m. JPARK reaffirms solid 1Q driven by delivery of parking solution project for State Railway, revenue recognition from Khonkaen airport parking management starts to kick in, larger parking slots under management yoy. Comment: Do love the model, asset light, management fees, makes sense. PTTGC’s board appointed Narongsak Jivakanun current COO (International business) to replace current CEO Dr Kongkrapan Intarajang, who will take on CEO role at PTT, effective May 13. SABUY cancels investment in all ordinary share of AS thru condition ..read more
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Stocks in the news (btg, chg, ktb, scb) 25.03.24
ThaiCapitalist
by Pon
4d ago
BTG: target 5-10% FY24 revenue growth supported by improve swine sales volume & selling price, lower SG&A after revamp distribution channel & cost control. Comment: Usual story…play the margins. When margins are rubbish …wait 6-12 months. Bottoms.. buy…wait..margins expand….sell..usual. CHG: targets 15% FY24 revenue growth supported by strong volume from both local & international patients, larger base of SSO patients in terms of both volume & value, seeks to expand revenue intensity with more focus on complex treatment to yield higher margin, plans to increase IPD beds to ..read more
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Market Update 25/03
ThaiCapitalist
by Pon
4d ago
Same as every week, all the pain is in the currency. USD/THB nearly -6% YTD… In USD terms Thailand is -8%, well done. Malaysia 2.0 w/ Thai spices – this forecast is, much to my chagrin, becoming truer and truer. The post Market Update 25/03 first appeared on ThaiCapitalist ..read more
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Interview: Muangthai Capital (MTC)
ThaiCapitalist
by Pon
4d ago
Yes, I’m back doing some interviews – it won’t be as often as in the past, but don’t be surprised to see a few finally back on the site “Muangthai Capital to be a World Class Thai Microfinance Company” Mr. Parithad Petampai Deputy Managing Director How has the company changed since going public a decade ago? It has changed. We would say around 30% has shifted, but 70% remains consistent with the core of our business operations. We’ve maintained our focus on core services such as secured loans, including motorbike, car, and land title loans, which have been the backbone of our business for ove ..read more
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Stocks in the news VN
ThaiCapitalist
by Pon
4d ago
Week 18/03 – 22/03 Company ctr.vn. gmd.vn, hcm.vn, kbc.vn, mwg.vn, pdr.vn, pnj.vn, tcb.vn, tcm.vn, vic.vn, CTR VN: estimated, in February, revenue of VND834 bn (+4% YoY) and PBT of VND44.6 bn (-4% YoY). For 2M2024, CTR is estimated to reach VND1,703 bn in revenue and VND94.3 bn in PBT (+9% and +6% respectively YoY), completing 13% of revenue plan and 14% of profit target. Comment: I like the idea of this play. A lot. Do I know anything about the company? No… GMD VN: signed a contract with a partner on March 15th to transfer all 99.98% shares owned at Nam Hai Port Joint Stock Company. Informati ..read more
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WHTW Top 10: 18/03 – 22/03
ThaiCapitalist
by Pon
5d ago
PM said Government plans to host Formula E, a world-renowned electric-car racing championship series, in Chiangmai no later than Feb 15 next year. Hire-Purchase lenders is expected to face headwind from EV price war which depresses price of collateral, used car mkt and repossessed vehicles. KKP focus on high income earners, TISCO lifts down payment to 30% to reduce impact from loss on reposed vehicles, CIMB (TH) sees rejection rate exceeds 50%. TAT expects 15% rise in Russian tourists this year to 1.7m, from 1.4m last year, which surpassed the pre-pandemic level. Energy Policy & Planning ..read more
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Stocks in the news (amata, bcp, delta, gulf, nat, wice) 22.03.24
ThaiCapitalist
by Pon
6d ago
AMATA reaffirms solid turnaround, multiple industrial land sales contract pending to sign in the pipeline, 50% out of Bt14.2b backlog to realize this year, price hike at Chonburi & Rayong (Bt11m/rai & Bt4.5m/rai) boost margin. Comment: China + 1 (or as we say…GTFO of China strategy) helps everyone BCP: SSO cuts holding by 0.1106% to 14.8913% on Mar 18. Comment: The whole industry knows that BCP is incredibly unvalued and that if “a clean management team” were brought it…the leakages stop and the stock doubles. DELTA sees 1Q24 sales flat qoq as EV market rout dampens electronic hardware ..read more
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Stocks in the news (awc, atp30, m, pttep, sky, tnp) 21.03.24
ThaiCapitalist
by Pon
1w ago
Bloomberg reports foreign net selling of TH equity at $555.6m yesterday was the most since Dec. 19, 2006. It’s worth noting that was because of the restructuring of AWC which resulted in large crossings worth $500m each on Mar 19 & 20, while UBO remains unchanged. Comment: Well…….the family has to delever…adjust the books, etc etc… ATP30 sees continued growth momentum in 1Q24, after realizing revenue from 5 new clients with >30 vehicles, 3 E-Bus ready for services, and in talks with several potential clients. M sees 2M24 SSSG negative yoy, margin recover from lower fresh foods costs &am ..read more
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