ALL: renovation of 11,500 sq.m. mall in Chonburi to completed by February, target cod in June 20, in talk JR Kyushu to jointly develop mixed use projects outer Bangkok, finalize plan 1H20.
ANAN: anticipates 4Q turnaround from transfer of 4 condos projects, Bt 29.3b backlog to realize till FY22, target new launch 4 projects worth Bt 13b, eyes Bt 4-5b sales before end of year.
Comment: It’s the weaker players that are getting killed in the financing markets, the question for the larger players such as ANAN, LH, PSH, AP etc will be how much is margin compression and sales drop as a result of the buyers thinking to postpone purchases
IVL: US gas cracker to cod FY20, expects scales benefits & improves operation on downstream chem.
Comment: Doesn’t matter, it’s about the spreads stupid.
LH: to lease, sell Bt 4.3b assets to REIT.