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SC Asset Corp PCL: 4-B (Bullets) under 3-Year Plan

Best Quarter: 4Q22 will be SC’s best quarter since pre-COVID era. Business plan unveiled; more high-end launches in 2023. Better-than-expected recurring income, especially the hotel biz.
Bualuang Securities Phoowadol
Phoowadol Phoosodngern @ Bualuang Securities 28 November 2022

Advanced Info Service PCL: High probability of terminating Lease Agreements with JASIF in 2032

TTTBB’s turnaround to black ink expected in 2026. High likelihood of Lease Agreement termination after Jan 29, 2032. The launch of AISIF Infrastructure Fund looks probable.
Bualuang Securities Prasit
Prasit Sujiravorakul @ Bualuang Securities 28 November 2022

Berli Jucker Public Company Limited: Consumer spending recovery play

BJC is much more than a grocer. Moderate earnings recovery lined up for 4Q22 and 2023. The IPO of BIG C would add to BJC’s 2023 earnings.
Bualuang Securities Chalinee
Chalinee Congmuang @ Bualuang Securities 28 November 2022

TH : CH. Karnchang - Large infra projects to drive earnings

We expect CK to sign a few large infra projects in FY23F (the Luang Prabang hydropower project, the Orange Line and the Double Deck Expressway). We revise up our net profit forecasts by 4-69% for FY23-24F on the back of revenue recognition from the....
CGS-CIMB Kasem
Kasem Prunratanamala @ CGS-CIMB 28 November 2022

TH : PTT - Additional financial aid requested by govt

PTT needs to carve out THB6.0bn EBITDA from the GSP business to subsidise EGAT’s gas cost. PTT may also need to subsidise Ft charges if gas cost becomes excessive.  
CGS-CIMB Amornrat
Amornrat Cheevavichawalkul @ CGS-CIMB 28 November 2022

True Corp PCL: Share price tumble on VTO cancellation—a buying opportunity

The cancellation of VTO process—no impact on TRUE fundamentals. NBTC’s five attached remedial conditions are manageable. Nadir of 1Q22 service revenue; a further rise seen in 4Q22.
Bualuang Securities Prasit
Prasit Sujiravorakul @ Bualuang Securities 25 November 2022