AOT admits covid-19 is the biggest challenge it’s ever faced, worst case would see net profit dropping to Bt10b vs Bt22.11b consensus.
Comment: Risk happens fast. Best time to fly still.
BJCHI signs 2 contracts worth Bt880m in AU.
CP Group lands $10b Tesco deal, but needs approval from Office of Trade Competition Commission (OTCC), who would consider if the deal would be a monopoly, in 90-days after receiving full details.
Comment: No, its a duopoly, by the OTCC uses the stupidest metrics to define this…watch them include all the local mom&pop shops and say “oh its not, now please give me a job after I retire CP”
CENTEL cuts this year revenue growth target down by 10-15% from previous forecast of 4-5% growth from covid-19, while keeps Bt18b 2-year capex for hotel, F&B, M&A both at home and overseas.
Comment: Their F&B SSSG’s are going to beat MINT’s in Thailand.
IVL forms PET bottle recycling venture with Coca-Cola Phil, target cod FY21.
PTTEP sees short-term impact from falling oil price, no plan to set impairment loss provision nor share buy-back.
PRM cuts outsource tanker from soft oil demand, branches out to cargo & port management to diversify from Oil & Gas carrier business.
Comment: I would presume that oil tankers should be making a killing at the moment, I don’t really know PRM’s exact business model so take this with a grain of salt.
RATCH signs a 10 years PPA 228.8mw windfarm in AU, target cod Jan21.
SEAFCO will book Bt900m revenue from Dusit Central Park projects in 1Q, ongoing foundation work projects from BKK mall and MRT, Bt400m new projects awarded yesterday lifts backlog >Bt2.1b, target 8-15% revenue growth this year.
Comment: Just keeps winning and winning projects
TASCO upbeats 1Q earnings from asphalt sales margins as oil price drops; whereas asphalt price rose for 4 consecutive months since December, potential hedging gains.
Comment: Just go back and have a look at the charts of when oil dropped and the impact on tasco’s and ptg’s share price.