AOT sees 53% drop in passengers this year to 66.58m, 44.9% drop in flights to 490K, sees recovery October 2021.
KTIS to sell a 5 liter 70% alcohol under KNAS at 7-11 for Bt300, will launch 1 liter at Bt89.
MTC and SAWAD are among leasing firms getting Bt5b soft loan each from Government Saving bank.
Comment: And they can allow customers to defer payment and yet accrue income on their books => #’s will look decent still.
PLANET mulls to revise down full year revenue growth target from current 10%, branches out from turnkey telecom, network and digital TV contractor to cloud meeting, tele health, cyber security & IoT platform.
PTT mulls to delay or cancel PTTGC’s US Chemical complex in the US and IRPC’s aromatic projects total Bt200b to preserve cash as oil price drops.
SHR sets Bt4-6b budgets to add more hotels in portfolio, continue to develop 3 ongoing projects in Maldives.
Comment: This would be a good time to acquire assets, but with banks providing a lot of relief lending, perhaps the prices may not drop.
SIRI adjusts up 2Q presales to Bt12b from Bt10b, after racking up Bt4.2b 3-week into the 2Q.Comment: And pigs fly too.
Six refiners, TOP, PTTGC, IRPC, BCP, ESSO, SPRC, are expected to suffer huge stock losses in 1Q20, while adjusting down capacity during March-April, Tabloid.
Comment: Definitely, however you’ll see a sharp snapback in inventory #’s later in the year.
TFG cuts FY20 revenue growth target to 5-8% from 10%, 3k tons poultry exports volume in 3M20 offset by delay shipment in 2Q, expects solid turnaround 2H from strong demand for foods, seeks to expand processed foods to boost margins.