Appoint Suriya, PM urged : PPRP wants him to get plum energy post. The ruling Palang Pracharath Party (PPRP) has proposed that Industry Minister Suriya Jungrungreangkit becomes the new energy minister in the upcoming cabinet reshuffle, saying the portfolio is among the party’s quota. Bangkok Post BoT rules out IMF help, cites fundamentals : Bad […]

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ANAN target Bt8b transfer in 2H from completion of 5 condos projects total Bt21b, 7 ready to move in projects 90% booked account for Bt20b. Comment: The question for prop co’s have been 1) GPM impact 2) Shift to low rise vs high rise and how they’ll manage this. BCPG & TEAMG win district cooling […]

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ARIP confirmed IT event schedule, Commart expo, on August 20-23, launches products showcase to accommodate new normal lifestyle.BJC revised up White Group (WG) tender price to Bt187.67/share from 185.44. Comment: Finally delisting WG? Given the free float is less than 7%….why not….although if I were BJC/WG I would look to use this vehicle to raise […]

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CPALL sets Bt4b to add 7-11 branches, target 13k outlets by end of FY22, in talk 7-11 to expand franchise in Laos after granted 30 years franchisee in Cambodia. Comment: CP will feed the masses CPF reports positive profit alert from HK subsidiary, CPP, 1H20np forecast at US$310-330m vs US$82m 1H19, supported by strong swine […]

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ALT reassures solid 2Q from recognition of Bt496m network hardware procurement projects for State Railway, upbeat 2H earnings from strong operation from internet bandwidth services subsidiary, International Gate (IG), as demand from CLMV surged following C19, expects to sign JV Malaysia partner Edotco Group and State-telcos, CAT, in 3Q, firms on 20% revenue growth target […]

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This is a compilation of random thoughts I wrote down over the past 1-2 months…pardon the poor writing and excuse the discombobulated thinking.   “The mere idea that a planning authority could ever possess the information necessary to run the economy is a somewhat comic fiction. What prices ought to be can never be determined […]

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BJCHI’s confident of securing 20% of contracts it plans to bid in 2H20, while current backlog stood at Bt4.2b, the highest in 5-year. CPALL may report 1st quarterly losses in 2Q20 at -Bt81m, due to 21% drop in SSSG, Tabloid. Comment: This makes me giggle. AND they want to chuck even more debt on CPALL […]

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Earnings season has started with fincos’ being the first sector to release results. As of writing – TISCO, AEONTS and KTC have reported #’s that are -20% YoY or more, KBANK just announced mid-day today and its -70% YoY But we know this. We know that ~10-20% of GDP comes from tourism and with that […]

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Setthaput latest to vie for BoT post : Six candidates in the race for central bank governor as application deadline passes. Setthaput Suthiwart-Narueput, a member of the Monetary Policy Committee and the prime minister’s advisory team, has joined the race for the top job at the Bank of Thailand, bringing the number of contenders to […]

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