ALL to launch 4 condo pjs worth Bt12.45b in 2H, confident of Bt7b presales this yr.

BTS to officially cod Green line extension (North) Ladprao station on Aug 11, additional 4 stations (Phaholyothin 24, Ratchayothin, Sena, Kassetsart Uni) to cod in Dec, remaining 11 stations in FY20.

Comment: And they’ve made another investment into a non-related Thai co, this time COM7, synergies? 

EA sets Bt20b rev t/g next yr, supported by Bt5b sales of electric vehicles and rev from 260MW wind farm. In JV with Chevron, CPALL, Bridgestone and ROBINS to build up to 1,000 EV charging stations by eoy.

Comment: I still have my doubts, lets see if we are proven wrong 

KTB may report the strongest 2Q growth among big banks, thanked to its loan to GPSC to finance the takeover of GLOW.

Comment: What a piggy bank for the government entities

IRPC postpones final conclusion of MARS investment from 2Q to eoy on concerns over effects of trade war on petrochem demand.

NVD reports it’s Bt675m the MOST condo was 90% sold on 1st day.

Comment: What real estate issue? At the end of the day it’s the location/value of the projects that matter

PTT in talk US partner to establish bioplastic plant, polylactic acid (PLA), in EEC, to introduce prods in Café Amazon, finalize plan in 3Q.

SSP’s CODed 16.4MW solar farm in Mongolia, boosting capacity to 157.1MW, on track to 30-40% rev growth this yr.

UNIQ and TRC-NWR consortium wins 2 contracts of high speed train pj, Bangkok-Nakhon Ratchasima (phase 1).

Comment: And so with a dearth of projects – b/c Thailand still doesn’t have a government – you’re going to see more of these partnerships

TMB launched new credit card, TMB Absolute Visa Signature, waives 2.5% when spending in foreign currency, t/g frequent travelers and upscale clients, t/g 200k subscribers by eoy.

TU anticipates 3Q turnaround on peak season, expects wider margins from lower tuna costs and higher utilization.

  1. “this time COM7, synergies”
    Over the decades I’ve seen a few European/US companies who, going through a growth phase, enthusiastically diversify into completely unrelated areas, only for it to end in tears some years later with sell-offs that seldom capture the value of the original investment or cover the opportunity costs of not retaining the capital by wasted on the diversification. Hope this is not a path that BTS is starting out on.

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