Together with KBANK, JMT has set up JK Asset Management Company (JK AMC) with an initial equity capital of THB10bn with a D/E target of 3.0x. JK will focus on NPL acquisitions from, but not limited to, KBANK. Total NPL portfolio is guided to rise fr....

We expect Thailand’s tourist arrivals to reach 7m in 2022F before rising to 21m in 2023F and 40m in 2024F, the same level it achieved in 2019. We believe Centel will acquire more food businesses to boost its growth. We revise up our EPS forecasts b....

Answers to climate change and power price surges. Joint venture with GULF to amplify growth. The good stuff remains a good story.

CPN should prove resilient to cost-push inflation. Lined up for a strong YoY profit recovery in 2Q22. Solid growth profile for 2022 and for years ahead.

The cabinet today approved ITD’s potash mine project, in which the company has been investing since 2004. However, we believe ITD would find it difficult to start the project as it has been facing strong resistance from the community over pollution....