BANPU to buy additional 50% in Springvale mine and Angus place in AU, transaction incurred no cash payment, will accept Bt864m liabilities for the purchase. BANPU raised stake in Australian mine from 50% to 100%, for Bt864m.
Comment: Acquiring assets in the US and Australia.
Tabloid reports BBL may book as much as Bt4b gain from liquidation of stake in BTS, may look to raise more cash to help fund its acquisition of PT Permata by selling other holding such as IVL (270m share), GULF (47.5m), VGI (720m), BEM (303m), BLA (130m).
Comment: This has been going around the news cycle locally for the past few days.
BPP reports cod of 18.9mw Kurosawa solar projects, lifts total to 13 projects in JPN combined 233.57mw (cod-ed 56.33mw), seeks to expand large-scale thermal pp with diversified fuels to achieve 5,300mw target by FY25.
BTS unfazed if BBL liquidates holding, expects to cod North Green line extension earlier than schedule, pink & yellow line on track to cod FY21, BBS consortium (BTS, BA, STEC) to sign U-Tapao International airport development projects with Royal Thai Navy before end of-Jan20.
HUMAN: Capital Research and Management cut holding from 5.892% to 0% on December 9, SEC filing.
Comment: They sold the stake to BTS
PTT has promoted Auttapol Rerkpiboon (COO) as the 10th president and CEO, effective next May 13.
TMB’s 4Q will be boosted by gain from selling 25.1% of TFUND worth Bt2.1b, expected to be done by end of year, expects 12% ROE from current 10% and 1.5% ROA from 1.29% in its 5-year plan.