AH’s confident of profitability this year, on lack of provision and impairment loss, sees solid 1Q with limited impact from covid-19. Comment: Funny things in their accounts AOT reports 9,797 flights cancellation in March, passengers drops by 3m yoy, expects more in 2Q from more lockdown measures worldwide. Comment: I still think its the best […]

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BGRIM reassures sustainable earnings as 70% of total power generation capacity sells to authority, EGAT, only 130 corporate clients from total 1,500 companies in industrial estates Comment: These types of businesses should continue to be ok this year. EA sees no issue on Bt3b CD maturity this year, 1Q growth remained intact from higher contribution […]

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AP keeps Bt40.55b transfer target this year, +25%, and pre-sales at Bt33.5b, but will adjust business plan and forecast in April. Comment: That’s a ballsy target, I wonder what the sacrifice in margins will be AWC shuts down 5 hotels in BKK, Marriot, Le meridian, Okura & Hilton, from March 26 – April 15. Comment: […]

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AMATA keeps 10% land sales growth target, after having sold 50-60rais. Comment: Absolute rubbish. Then again 2019 was disappointing, as was every year since the share price ran because of the EEC AMATAV sees no impact from covid-19, maintaining Bt1.5b revenue target from contribution from IEs in Vietnam in 2H20. Comment: See above DOD reaffirms […]

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And now BKK and large provinces/cities in Thailand are shut down. Anybody else want to follow me by calling this government a bunch of flaccid incompetent donkeys? Stimulus package? What stimulus package? Maybe they’ll buy a few more tanks and submarines as that’ll boost the (I)nvestment in GDP Ok cynicism aside, I’m of the viewpoint […]

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Notable Transactions Buying is going through the roof! Buy(s) THB 1.7 bn AMATA – Boom! Vikrom has coming out of his decade of meditation and decided to buy shares TFG – Not sure what’s going on here, buys and sells – SEC reporting issues? MINT – And he’s bought some THB 1.4 bn worth of […]

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CPALL hiring 20k motorbike drivers to accommodate surge demand for 7-11 Delivery services, following soft lockdown. Comment: Amusing isn’t it that 7-11, tesco’s and BIGC’s are allowed to operate completely whereas everyone else has to shut down? FSMART inked deal partner to be Covid-19 insurance agent via its top-up machines, target 500k policies sales this […]

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Doctors issue Stage-3 warning : Nation ‘not equipped’ for full-on epidemic. An association of chest physicians is calling on the government to prepare for Covid-19 to become a “Stage 3”, full-blown epidemic in Thailand while slamming the authorities’ slow response to the spread of the disease. Bangkok Post SET changes shorting rules amid chaos : […]

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Bank & Finco expected to purge bad debts >Bt170k from total Bt500b NPLs in the system, Tabloid. Comment: Debt jubilee? The conspiracy theorists will have a field day with this. BKI stops selling Covid-19 insurance as entire budget coverage fully subscribed. Comment: Members of my team bought some, why? They called it a lottery, spend […]

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MAJOR to temporary shut all its cinemas in Thailand, Cambodia and Laos, from 18-31 March. Comment: Another name that can double over the next 2 years. SAT sees 7-10% fall in sales this year, to emphasize on oversea markets and new product lines. Comment: Autos are dead.  TASCO reaffirms big jump 1Q as asphalt sales […]

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