ALL to boost recurring income to 20% in 5 years after investing in the New Forum Plaza, to realize Bt4b backlog in 2H, on track to exceed Bt4.5b revenue this year.
Comment: And its a trend amongst all the property developers to build a recurring income asset. Those that haven’t will continue to suffer
ASIAN cuts revenue target to Bt10.2b on strong THB from Bt10.7b, China plant upgrade at Shangdong Thaiya Meisi Pet foods to complete in 4Q, will start to take OEM ordinary for other brands from 4Q.
DOHOME sees strong 3Q on rising house brand products, to open new branch in Petkasem in October.
DTAC & Ericsson debut trial run of 5G on 28GHz spectrum at its HQ, max download speed topped 1.8 Gbps.
KTC’s to be added to FTSE All World at close on September 20, expects $64m inflows.
KBANK’s no plan to write-off Bt15b NPLs, seeks value added via cross selling bank products, aims to curb full year NPLs within 3.4%.
Comment: Hmmm then someone please explain to me how the f MTC has 1% NPL #’s?
NER’s new rubber plant capacity 170k tpa on track to cod 1Q20, lifts total to 460ktpa, expects to sign long term contract with Michelin & Apollo Tyre before end of year after passed QC.
PLAT sees stable 2H earnings and keeps 25% revenue growth target this year, signs 4,000sqm space at the Market BKK with Dong Dong Donki to COD 1Q20.
SCB may set additional provision for SCBLIFE’s weak 3Q, but will book massive gain from liquidation of SCBLIFE in 4Q.
Comment: All the life insurance co’s are doing poorly in Thailand. Low rates are killing them, plus rubbish products don’t help the case either