BAY mulls to cut FY20 loan growth projection from current 5-7% from challenging econ conditions, aims to curb NPLs below 2.5%, sees no impact on NII from BOT’s plan to revamp fees structure.

Comment: Second to TCHART, BAY has been consistent performer for the past few years

KBANK’s 10 days buyback program kick-off tomorrow (Feb 14-27), up to 23.93m shares under Bt4.6b budget (1% of paid-up).

Comment: Why not just pay a dividend?

ILINK upbeat earnings outlook from recovery demand for telcos equipment on 5G expansion, will shift revenue from telcos to 50% from 40%, fiber optic to 40%; cuts engineering to 10% from 20%.

Comment: 5G? 5G!! Time to go through my notes of the players whom befitted from 4G and see if they’re still around today.

SEAFCO reaffirms Bt3b FY20 revenue target, expects to win additional contract from 32 projects combined worth Bt19.9b including 12 dual-rail projects, high-speed train, airport connecting rail, Bangkok Mall projects Bangna, Dusit Central Park, motorway no#7, 6 skytrains, light-rail outskirt BKK, condo and mixed use projects.

SISB firms on FY19 profit, to be announced February 25, target 200 new students this year, +5% fee increase, boosting FY20 revenue growth by 15-20%.

Comment: Great business, I do wonder at what point is there an oversupply of international schools in Bangkok.

TOP & TASCO expected to report full year earnings tomorrow, Bt5.92b & Bt2.56b consensus.

WHA expects windfall from government stimulus package to boost FDI, anticipates land demand in EEC area surge on tax benefits, eyes 560 acres (1,400) land sales target.

Comment: I suppose one day this dream will come true

  1. KBANK’s 10 days buyback program kick-off tomorrow (Feb 14-27), up to 23.93m shares under Bt4.6b budget (1% of paid-up).

    Comment: Why not just pay a dividend?

    Im guessing due to the 10% tax savings on the dividends, 460m. Question is if 143-192 baht is a good price to buy back at.

    • I still am of the viewpoint that if a company has excess capital it should be returned in cash to shareholders. Buybacks are just hmmm for me, a waste of capital resources.

      And yes, its questionable to buy back at these prices….or are we just too short term negative and in 3-5 years from now this will have been a good time to accumulate shares?

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