Six private operators petition PM Prayut on BMA awarding 30 years concession to TRUE for underground telco cable projects worth Bt20b.

Comment: Does anyone else not finding this contract to True to be f@#king scandalous?  Oh yes and all approved whilst there is no government either. 

AMATA sees IE land demand surge on foreign production base migration to mitigate risk from trade war, expects to wrap up deal with Chinese and Taiwan clients combined 320 acres in 2H, m/t 430 acres full year target.

Comment: I’ve been waiting and waiting and waiting to see when this all actually materalises 

BEM & UNIQ and BTS, GULF, STEC, RATCH group submitted bidding for O&M 2 motorway projects, result out July.

RATCH estimate JV ALT to expand underground fiber optic network projects.

BEM reports MRT ridership +4% yoy (316k psxpd), tollway traffic +1.3% yoy (1.236m vehicles/d) for 5M19, expects big jumps 2H following cod Blue line extension.

MINT to bk Bt2.17b gains following divest 3 hotels in Lisbon and leaseback from Ireehf, expects gearing drops to 1.3x post transactions.

Comment: Boom! Magic money. But yes reduces the debt burden, there’s still a ways to go but just the initial move of it has made investors happy

NWR to sell PE’s car rent business after seized the asset following court case won, expects 2H turnaround from strong projects transfer, Bt14b backlog pending to realize, expects to secure at least 30% of Bt15b current bidding (Bt7b Rama 3 expressway & Bt8b high speed rail projects).

PPPM to return to profit this year after restructuring, mulls selling Bt300m worth of office building and land to boost cashflows, and investment in 100MW PP.

SKR upbeats 2Q earnings from improved margins on specialty clinics and health planning, medical fees hike and improved cost control, expects tailwind from larger social security patients quota at Rattarin hospital Samutrprakarn this year at 120k vs 60k FY18, maintain 12% full year revenue growth target.

Comment: Part of me is thinking that the hospitals whose business comes from social security will be in a better position than the private operators that charge customers a bucketload with the upcoming private caps

SUPER board approved Bt129.99m investment in Super Water, who supplies water to Amata City IE and Provincial Waterworks Authority. Reports COD of 186.72mw VN solar projects.

THG sold 4% stake in RJH @ Bt23.6 to RAM.

TIPCO’s firm on 5-10% revenue growth target, to launch campaigns to boost sales in 2H.

Comment: It’s going to be interesting to see how the drinks market is performing. 

  1. Super is quietly assembling a massive army of solar farms, will cross 1000mw when the last 50mw Vietnam farm comes online.

    A clear growth plan, but just lacks funding clarity. It is amazing they intend to sell 119mw of revenue rights into the IF at a 9 billion valuation…great for them If they can pull it off.

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