ฝันร้าย ธุรกิจเติมน้ำมันเครื่องบิน ของ BAFS /โดย ลงทุนแมน
ธุรกิจสายการบินทั่วโลก ได้รับผลกระทบอย่างหนักจากการแพร่ระบาดของ COVID-19 สายการบินหลายแห่งเสี่ยงต่อการล้มละลาย เนื่องจากไม่สามารถทำการบินได้
เมื่อสายการบินไม่บินหรือบินน้อยลง ก็ไม่มีความจำเป็นต้องเติมน้ำมันบ่อยเหมือนช่วงเวลาปกติ
และเรื่องนี้กำลังสร้างฝันร้ายให้กับธุรกิจให้บริการเติมน้ำมันให้สายการบิน...
Continue ReadingNightmare. Business fueling the BAFS plane / Investing manly
Global Airline Businesses are heavily affected by COVID-19 epidemic. Many airlines risk bankruptcy because they can't fly.
When the airline doesn't fly or fly less, there is no need to refuel as often as usual.
And this is creating nightmares for airline refuel service business.
One of them is a Thai company named BAFS.
How interesting is this story
Invest. Man will tell you about it
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If you ask whether Thailand's aircraft refill service business is highly competitive, the answer is no.
Due to the nature of businesses that require high investments, matters must also be concession or allowed by the airport.
When things go like this, it makes this business less competitive because of the overwhelming obstacles in entering a new service provider business.
Currently in Thailand, the largest provider in the airline refuel business is Bangkok Airways Fuel Service Company Limited or BAFS.
By the main income structure of the company comprises.
1) 78 % airplane refuel service income.
2) 21 % pipeline oil service income
3) Other income 1 %
When you look like this, you will see that BAFS's main business is servicing to refuel the aircraft.
So what Airport Aircraft Refuel Service BAFS now?
Currently, the company is an investor and operates to provide gas-refill service to all 5 airports: Suvarnabhumi Airport, Don Mueang Airport, Samui Airport, Sukhothai Airport, cuddle Y and Trat Airport.
At Suvarnabhumi Airport, there are only 2 concessions for oil service to the airline.
BY BAFS HAS 89 % MARKET SHARE
While the remaining 4 airports, BAFS is the only airplane refueling provider or 100 % market share.
This is the highlight of the company and makes BAFS the largest airline of Thailand's largest airline refill business.
The amount of transportation into airports of planes has a direct impact on company's income.
If the tourism industry grows well, the company will have customers, which is airline to use.
But if not, what happens will be a corporate nightmare like what's happening right now.
Government in many countries must announce temporary entrance-exit from international airplanes.
This is why the number of passengers and number of flights BAFS provides refill service at Suvarnabhumi Airport and Don Mueang Airport.
Quarter 1/2562, 28.4 million passengers, 79,535 flights.
Quarter 1/2563, 19.6 million passengers, 64,613 flights.
When the number of flights coming to refuel service drops, it's not strange that both BAFS income and profits are heavily decreasing.
1/2562th quarter. Income 1,025 million baht. Profit of 368 million baht.
1/2563th quarter. Income 867 million baht. Profit of 153 million baht.
Income decreased by 15 % while profit decreased by 58 %
It's called refuel service business. It's going to be cuddle budget. It's not allergic to airline business and airport business.
And as everyone knows, the 2rd quarter, aviation related businesses will hit harder than the 1th quarter.
But BAFS has a relatively good financial status. Different from airline with a lot of debt. It should make this company go through this crisis after this incident unfolds.
However.
This may tell us that even a business that seems like a monopoly and almost sleeps without a rival can be an unexpected crisis at any time as BAFS is now facing.
It's similar to a familiar sentence that many people have heard. That's ′′ certainty is uncertainty ′′ which can happen to anything about work, living and investment..
Ending with interesting information
Did you know that BAFS big shareholders are companies, airlines, airports and oil companies, including Esso, PTT., Shell, Chefron, Thai Airport, Bangkok Airways and many people may not know the biggest shareholders. BAFS is ′′ Thai Airways ′′ which holds 22.59 % of this company..
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Follow and invest manly at
Website - longtunman.com
Blockdit-blockdit.com/longtunman
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Twitter - twitter.com/longtunman
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Line - page.line.me/longtunman
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References
- Form 56-1 Year 2562 Bangkok Aviation Fuel Service Company Limited (Public)
- Management Discussion and Analysis Quarter 1 Ending 31 Mar. 2563 Bangkok Aviation Fuel Service Company Limited (Public)Translated
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ปตท. กับ ปิโตรนาส ใครใหญ่กว่ากัน? / โดย ลงทุนแมน
บริษัทพลังงานแห่งชาติของไทย คือ ปตท.
บริษัทพลังงานแห่งชาติของมาเลเซีย คือ ปิโตรนาส
...Continue ReadingPTT. With Petronas, who's bigger? / By Investing Man
Thailand's national energy company is PTT.
Malaysia's national energy company is petronas.
Both run businesses in a similar manner and are located in a neighboring territory.
But the question that everyone would suspect.
In fact, these 2 companies. Who's bigger?
Invest man will tell you about it.
Petronas was founded earlier in July. 1974 or 45 years ago
The only owner of a state enterprise is Malaysian government
PTT. Established in chase time on July 1978 or 41 years ago
Initially a state enterprise as well, but later listed on the stock stock exchange. 51 % is the Ministry of Finance.
The purpose of setting up 2 companies is for the energy stability of the country.
As in the past, the world oil incident was deprived of the political crisis in the Middle East region. In that time, petroleum exploration must be leaned on foreign nationals.
And then both of them are growing up to become a leading energy company.
From upstream to downstream, explore and produce, oil refinery, petrochemicals, petrochemicals, oil, petrochemicals, oil and gas retail service stations.
So who has more resources?
Info about oil and natural gas sources at the end of 2018
Thailand
Proven oil reserves 300 million barrels (last 2 years)
There is oil production 0.49 million barrels per day.
I want to use 1.48 million barrels per day oil.
And have a proven amount of natural gas reserves. 2 hundred billion cubic meters (5 years used)
There is a gas production of 3.8 billion cubic meters per day.
I want to use 4.9 billion cubic meters of gas a day.
Made by netthai is an energy importer.
Malaysia country
Proven oil reserves at 3,000 million barrels (last for 12 years)
There is oil production 0.68 million barrels per day.
I want to use 0.81 million barrels per day oil.
And have a proven amount of natural gas reserves of 2.4 trillion cubic meters (33 years available).
There is a gas production of 7.3 billion cubic meters per day.
I want to use 4.1 billion cubic meters of gas a day.
Made by net, Malaysia is an energy exporter, especially natural gas.
When this happens, what is the result of all 2 National Energy Companies?
PTT.
Year 2017 Income 2.0 Trillion Baht. Profit 1.3 Baht.
Year 2018 Income 2.3 Trillion Baht. Profit 1.2 Baht.
Petronas
Year 2017 Income 1.7 Trillion Baht. Profit 3.4 Baht.
Year 2018 Income 1.9 Trillion Baht. Profit 4.1 Baht.
I will see that PTT. Earn higher income
But Petronas has a higher profit of several times.
The main cause of these 2 companies have different income structures and ability to make profit.
Thailand consumes more energy so it has a higher sales base.
It's not enough to produce. It has to be imported from foreign countries with small profit.
The income proportion of PTT Year 2018
34 % comes from International Trade Business
31 % comes from petrochemical and refined business.
16 % comes from oil and retail business.
13 % comes from the natural gas business
5 % is from PTT. Explore and produce petroleum
In addition, the owner of the petroleum source in Thailand is the right of the government which allows private sector to compete with concessions and must share benefits to the state as agreed.
By PTT. The director. The company of PTT. Just one of the concession recipients. It's producing about 34 % of the total.
While Malaysia has more resources than can be produced for export, and right to all petroleum sources belong to petroleum, the state enterprise makes a significant profit.
Proportion of income of petronas 2018
45 % comes from upstream business (i.e. survey and produce)
49 % comes from downstream business (i.e. petrochemical, service station)
Petroleum exports are 39 % of income more than domestic sales are 29 %
For all the reasons, even PTT. There will be more income, but compared to the value of the company. Petronas is much bigger.
Companies property value at the end of 2018
PTT. At 2.4 trillion baht
Petronas is at 4.7 Trillion Baht.
Company Market Value (Market Cap)
PTT. At 1.3 trillion baht
As for Petronas, the mother company is not on the stock market, but it has brought 3 children to raise money.
Petronas Chemicals Group worth 4.4 billion baht.
Petronas Gas worth 2.4 billion baht.
Petronas Dagangan worth 1.7 billion baht.
In total, the company of petronas in the stock market will be worth 8.5 billion Baht.
But with all the profits of the Petroleum group, if it's on the stock market and trading with P / E at least 10 times more than 4 million baht, which is bigger than PTTT. At least 3 times
This one sums it up
If you compare to the income of PTT. Will be bigger than petronas
Compared to the value of petronas company will be bigger than PTT.
But the more important thing is, from the beginning to the present, both have evolved into top energy companies as well.
The most benefited people in the country.
Throwback to 40 years ago
If these 2 countries don't set up energy companies
Today, I have to rely on foreigners and there are more energy barriers than now..
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References
- Annual Report 2018 PTTT
- Annual Report 2018 Petronas
-https://www.petronas.com/ws/sites/default/files/downloads/Financial%20Report%20Financial%20Year%20Ended%2031%20December%202018%20%28FY2018%29.pdf
-https://en.m.wikipedia.org/wiki/Petronas
-https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2019-full-report.pdf
-https://www.pttep.com/th/Investorrelations/Eventsandpresentations/download.aspx?File=642&Event=4120
-http://www.pttplc.com/th/Media-Center/ptt-hot-issue/Documents/Corporate%20Issue/ทำไมปิโตรนาสกำไรมากกว่า%20ปตท.%20แต่ขายน้ำมันได้ถูกกว่าไทย.pdfTranslated
oil can ptt 在 【護髮油推薦】Dcard、PTT推爆3款話題護髮油(Balea - 蝦皮購物 的美食出口停車場
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oil can ptt 在 [心得] 油頭髮油指南-隨便篇- 看板hairdo 的美食出口停車場
是我,上一篇在板上的文已經是2016年了
期間還是有許多人陸陸續續來信,問我些髮油的問題
於是最近比較閒,就想說來發一篇好了
近年的我已經覺得用髮油梳油頭太麻煩
要時常注意頭髮有沒有亂,戴安全帽會不會變形
就算用油性髮油還是會有些無法克服的障礙
所以近年來轉為走手撥自然風
這種偏自然感的造型品,在定型力上並無特別要求
倒是在自然感的呈現與彈性更為重要
另外本人的髮質並無特別細軟,算是正常
也並無燙染的習慣,只有在使用造型品前會吹整
以下就來介紹一下用過的幾款髮油/髮蠟/髮泥
1.Hanz De Fuko - quiksand/claymation
近年來因為有貝克漢加持,所以在台灣曝光度突然大增的牌子
其中的quiksand與claymation則是最有知名的系列
反正都同一牌子,就放在一起講吧
Q上髮後比較會有沙沙澀澀的感覺,就像抹海水在頭髮
造型感非常自然,也並沒有什麼特異的味道
但定型力卻沒有很好,所以吹整方面必須下點功夫
頭髮不是細軟髮的人,單靠Q絕對無法滿足
而且非常不抗汗水,稍微留個汗或下個雨髮型就會跑位
C髮束感較重,也不同於Q乾澀的感覺
也有些微光澤且厚重,但卻不失自然感
定型力也比Q強很多,在造型上也夠用
還有個小秘訣,可以把C與Q融合搭配
C的量約2/3,Q的量約1/3
這樣搭配下來既有C的定型力,但也不失Q的自然感
2. O'Douds Matte Paste
我最愛的品牌,從原本只有髮油
做了延伸產品 Matte Paste
抹上頭髮後的感覺也非常自然,香氣也不會太重
半天後幾乎香氣就會散失
定型力不錯,也無光澤且具有彈性
定型力雖然並無 Hanz De Fuko的Clay好
但也非常夠用,所以在吹整方面也不可馬虎
基本的型必須要靠吹整,才可以達到非常好的效果
而且非常好清洗,比Hanz De Fuko更容易洗淨
好清洗,抗水性也不會特別高
3.Mister Pompadour Sculpting Clay
這款也是我用過非常不錯的髮泥
整罐質地呈現水水膏狀,跟一條根一樣好挖取
上髮後也必須等待收乾,一旦收乾後也是無光澤
但髮質會呈現比較厚重的自然感,有點像Hanz De Fuko的Clay
但卻更軟,更不蓬鬆
所以可以拿去做油頭造型,使用梳子做整理
營造出自然的油頭感覺,在收乾後也可以勉強做重新整理
偶爾隨手撥一撥也是可以讓頭髮大致回復原狀
也非常好清洗,但卻也非常不抗水
另外很不推 By Vilain系列
我個人看來只是一個被包裝得很好的品牌
我從它旗下的Gold-Silver-Powermade都使用過
我覺得非常吃髮質,只要不是細軟髮一率大打折扣
G與S定型力與自然感雖然非常好,但卻過難清洗
半天下來頭髮也會跑掉,重塑的能力也非常有限而且
至於他的髮油Powermade
我只能說非常的難用,毫無定型力
接下來的話就很難聽了,我就不說了
最後稍提一下,我以上推薦的造型品都是標榜純天然
雖然用在頭皮上是不是純天然都對頭皮有所傷害
但至少心情上比較容易釋懷
純天然的造型品也是我近年所追求的
照顧油頭真的太麻煩了
不如隨手撥撥就好,也挺方便自在的
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※ 文章網址: https://www.ptt.cc/bbs/hairdo/M.1553682610.A.D47.html
※ 編輯: YoungOG (203.73.156.234), 03/27/2019 18:33:59
※ 編輯: YoungOG (203.73.205.245), 04/05/2019 22:57:56
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