Jun. 29 at 11:22 PM
$TAWNF Thai Airways will relist in August after a major turnaround, posting
$1.14B profit in 2024. Revenue exceeded pre-COVID levels, and debt-to-equity improved from 12.5x to 2.2x. Bangkok Bank and Krungthai Bank converted
$168M and
$94M in loans into equity, gaining 10.4% and 5.7% stakes. Shares are held at
$0.07; any rise on relisting will generate mark-to-market gains, boosting bank earnings and enabling provision reversals. https://www.kaohooninternational.com/markets/560362