Transport Ministry said he has full authority to revise BEM’s concession extension before the expiry date in Feb 2020.
CP Group led consortium, including ITD, CK, BEM, signed a Bt224b contract yesterday to build high-speed train route linking 3 major airports, which is expected to boost economic development and create >100K jobs.
Comment: And this explains why every other contractor dropped yesterday
IVL will refinance its Bt15b perpetual bond in early Nov 2019, with terms and conditions of new PERP are in compliance with TAS32 accounting standard, allowing it to be classified as equity.
Comment: And now the question is for IVL when will spreads improve? I suspect it may be another 2 years before this name looks like a buy again
KBANK gave negative guidance for next year, NPL to rise from 3.3-3.7% this year to 3.6-4%, NIM contraction from lower its rates, loan growth at 3.1-3.3% from 3.3% this year, all these may lead to TP cuts.
Comment: Hence why all banks are down
SEAFCO and PYLON are expected to win big sub-contracts for foundation works from CP Group.
TIGER secured 3 new jobs worth Bt456m, boosting backlog to Bt924m, of which Bt300-350m to be booked this year.
WHA in talk to sell 400 rais industrial land to Chinese electronics firm, hoping to relocate plant here.
WHART reveals max Bt4.88b fund raising, offering 323.78m new units at no more than Bt16.9/unit at 1 old to 0.144 new in mid Nov.