ADVANC sets Bt10-15b 1-year capex to expand 5G network, while Fitch said 5G capex is credit neutral.
AOT cuts fix rent by 20%, waives minimum payment for revenue sharing for tenants only variable percentages applied from February 1,20 till January 31,21, stretching payment terms for operators in the airport for 6 months for payment due Feb20-Jul20, expects FY20 revenue drop 5% on remedy package, picks King Power for duty free counter concession in SIA.
Comment: It’s been rumoured for a week or so now confirmed, hence today’s drop.
BAM sees no financial impact from Fitch’s credit cut to BBB+ from AA-.
Comment: Well their financing costs won’t improve, unless of course interest rates continue decreasing.
BDMS and BTS had their weighting increased by MSCI, effective at close on Feb 28.
Comments: Helps to offset Thailand’s decreased weighting
GPSC signed Bt295m construction deal with Thai Takasago for 1st production plant for semi-solid batteries in Map Ta Phut with projects worth Bt1.1b.
HUMAN upbeats outlook FY20 from synergy with BTS’s digital payment. Rabbit & Rabbit Finance, 6 new launch HR products and contribution from recent acquired TigerSoft, target 20% revenue growth this year.
Comment: And I see this to be more valuable towards BTS/VGI
KCE: Bualuang AM, cut holding by 0.3495% of total outstanding to 4.7877% last Friday (Feb 14), SEC filing.
ORI branches out to property management services, aims to fill demand for real estate outsourcing and diversify from developing business.
Comment: I am surprised we haven’t seen more downside in this name.
PTTEP inks deal TOTAL to jointly explore Oil & Gas in Oman.