Coalition-leader elects new chief as old guard ousted : The Palang Pracharath Party yesterday elected Deputy Prime Minister Prawit Wongsuwon as its new leader in an uncontested race which uprooted people close to the previous leadership from its executive board as was widely anticipated. Bangkok Post On guard against contagion : Thai banks are keeping […]
Read More →AOT report aircraft movement 8M20 (Oct19-May20) -29.8% yoy to 425,900 flights, international flights -30.2% yoy to 229,400 flights, domestic -29.33% yoy to 196,500 flights, passenger traffic -33.94% yoy to 64.2m vs 97.18m 8M19, international arrival -34.72% yoy to 37.24m, domestic passenger -32.83% yoy to 26.96m. Comment: And the YoY #’s will only continue to worsen […]
Read More →ANAN to issue Bt1b worth of subordinated debt, offering 9.5% p.a. for first 5 years. Comment: That sounds closer to what I expected for debt pricing, though in reality it should be double digits. BEM sees Blue line ridership rose to 60% or 250ktpd avg post lockdown, expects momentum carry to 2H on school reopen. […]
Read More →AKR sees 2H turnaround from recovery demand for high voltage transformer from EEC expansion, power & solar rooftop projects, will bid for U-Ta-Pao airport projects and high speed rail projects, Bt1b backlog to realize till 2H21. Comment: If thats the case then you have the usual players of AKR, DEMCO, TKT AOT said 8M20 fiscal […]
Read More →ACG moves from MAI to SET under auto sector, effective from July 1 onwards. BDMS has entered into an agreement with China-based Ping An Health Insurance to tap the lucrative Chinese medical tourist market, target Bt1-2b p.a. in revenue. BWG board approved listing of renewable pp subsidiary, Earth Tech Environment, on MAI, expects 2H turnaround […]
Read More →AAV to resume all 25 domestic routes by July, sold 41K seats in a single day on June 23 Comment: And today they’ve launched a pay one-time 2,999 for 6 months special deal. BAM mulls selling Bt25b CD, funding NPAs acquisition in 2H, sees lucrative opportunities in tourism segment. Comment: Would be amusing to see […]
Read More →The market has pulled back from its peak earlier in the month. So now what? Still of the viewpoint that we’ll see certain sectors outperform others and that those are global/cyclical players…anything related to aspirational spending is probably dead for a while..or perhaps I don’t understand why people overspend. Also note…US Fed is still reducing […]
Read More →Notable Transactions Buy(s) THB 255 mn KCE – A family member buys in. Perhaps for the first time of size in 5-6 years. BEC – Multiple family members buy THB 33 mn each. Sell(s) THB 250 mn STA – Huge sale by the family members. IP – The CEO dumps shares.
Read More →CCSA mulls ‘reopening doors’ : Investors and businessmen based in Thailand, along with medical tourists, would probably be the first foreigners allowed in when the kingdom gradually reopens its doors to outsiders, the Centre for Covid-19 Situation Administration (CCSA) confirmed yesterday. Bangkok Post BoT orders stress tests from banks : Fresh results expected next month. […]
Read More →ACAP: on verge of trading suspension aft default Bt 1.88b CD, tabloid. Comment: Well lets see….SET is rather flexible with how they implement rulings…but w/o a doubt ACAP has defaulted and could do down the IFEC route unless they raise capital. ADVANC’s gearing up for 5G investment in the EEC and applying AIS’s ultra-fast mobile […]
Read More →