FPO: Limited budget to fund populist policies : The Finance Ministry is looking to scale down the new government’s populist campaign promises, given the constraints of the available budget and a delay in the fiscal 2020 budget process. Bangkok Post BoT starts siege on hot-money flows : Baht weakens, SET shaken after announcement . The […]
Read More →BEM sees 10% ridership growth this year to 500K/day from extension of Blue Line, sets 25% revenue growth target next year, free trial run Blue line extension Hua Lamphong-Bang Khae MRT from Jul 29 – Sept 28, expects FY20 ridership +25% yoy. Comment: For BEM – specific to the MRT – it’s a scale game, […]
Read More →New Energy minister, Sontirat Sontijirawong, to review 2018 PDP on 1st day in the office, following objection by the ombudsman that EGAT’s 2018 PDP allowed private power co, to shr role of producing electricity after which state’s contribution was cut to <50%, violating national security. GULF likely impact the most as its 100% private owned […]
Read More →We’ve been receiving updates from our international custodian regarding the moves made by the BOT and this is the latest. What do we think the impact may be? Perhaps it will reign in some of the strength in the THB but by “ BOT is concerned about the rapid appreciation of the Thai Baht which […]
Read More →ACG upbeats 3Q earnings from debut of 2 car dealerships in Phuket & Krabi and additional 5k sqm capacity from auto service center. COL sees 3Q turnaround from wider margins and larger rev from housebrand stationary products sales. LPN opens presales of Bt1b Lumpini Tower Vibha-Jatuchak (Tower B). Comment: They have been struggling for 5 years […]
Read More →2Q19 #’s are coming out, banks are looking so-so and only decent if they are lowering provisions. It’s going to be interesting to see how it’s all performing through the sectors, I suspect 3Q19’s (not 2Q) will be rubbish as the trade war impacts will be properly felt then
Read More →Notable Transactions Buy(s) THB 162 mn GULF – The owner just decided to buy a massive amount of shares, perhaps to show confidence that regardless of the news about the government wanting to own 51% of the power generated in Thailand that GULF is still going to perform. Sell(s) THB 153mn BDMS – Family and […]
Read More →BANPU to wrap up $500m plan to expand gas investment in the US in 2H19, target doubling capacity by 2021. DTAC may report Bt1.25b 2Q NP, +597% yoy on lower depreciation on concession expiry and lower regulatory costs, Tabloid. Comment: It’s already well explained to the market that they DTAC is going to benefit as […]
Read More →Cabinet line-up sent to King : Prime Minister Prayut Chan-o-cha said he has submitted the new cabinet lineup for royal approval and is expected to be sworn in soon. “You will see that the royal endorsement will come soon,” he said, when asked whether the list has been submitted. Bangkok Post India pushed to finish […]
Read More →GUNKUL secured 899.1KW solar rooftop for Hua Chiew Uni. FPI wins OEM parts order from Toyota, 7 contracts worth Bt250m, lifts backlog to Bt1.1b, firms on 10% rev growth t/g. KYE teams up Taiwan partner to expand laundry franchise, Maru Laundry, aims to capture demand from service apartment & condo along BTS line. Comment: It’s […]
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