The Energy Policy Committee is considering renewal of SPPs that expire in 2017-2025. The renewal would be for three years, which is fewer than hoped. BGRIM and GLOW will be benefit from this renewal plan. (Kao Hoon, 27/6/18)
Comment: I don’t have many positive comments on the EPPO nor the Ministry of Energy at the moment.
NBTC steps in to tackle Skytrain automated operation system problem. THE NATIONAL Broadcasting and Telecom Commission (NBTC) will today step in to help solve the radio frequency interference problem that has hit Bangkok’s Skytrain service, causing a commuter nightmare for two consecutive days this week. BTS affirmed that the problem will be solved before Friday. Management said it expects passengers on the Baring-Samut Prakan line to grow 5% and construction of the Pink and Yellow lines will complete on schedule. (The Nation, Kao Hoon, 27/6/18)
Comment: Are we going to call this wifi-gate? In the end an annoying week of commuting will be forgotten in a month’s time.
CPALL and MAKRO plan to expand their distribution centers in the next 3-4 years and expects to sustain profitability. Same-store sales growth is expected at 2-3% and core profit is expected to grow. (Thun Hoon, 27/6/18)
GULF is constructing power plants both at home and abroad. It has a big project of 5000 MB GSRC-GPD IPP worth Bt52bn, with piling beginning in August. The results of the auction for the 300MW Oman project will be known in July-August. The company expects revenue to grow 120% this year. (Thun Hoon, 27/6/18)
KBANK says it has prepared IFRS9 standards for two years so will not be affected. The company plans to expand the banking agent business, partnering with convenience stores and gas stations. It will submit the proposal to the BoT by this week. (Thun Hoon, 27/6/18)
Comment: Disagree on this, it will be affected, loan growth will continue to slow.
LPN will launch a new Bt1.6bn condo on June 30, Lumpini Park Barommara tchachonnani-Sirithorn . This will be build under the concept of “modern vertical resort”. (Kao Hoon, 27/6/18)
PDG has raised product prices by 5%. Management plans to expand production capacity and has already prepared an investment budget of Bt200mn. Its CEO says revenue will grow 15% this year. (Thun Hoon, 27/6/18)
SCB has adjusted its “Transformation” investment plan by delaying some portion of the budget to next year. The CEO affirmed that the investment will benefit in the long run. SCB’s NPLs are still lower than other banks and are coming down steadily. (Thun Hoon, 27/6/18)
Comment: Well they are concerned that their cost-income ratio has increase from 37%ish to 45% ish in the past year,
THANA is preparing to sell five completed projects this year. The CEO says revenue is expected to grow 15-20% this year with backlog of Bt300mn. (Thun Hoon, 27/6/18)
WHA believes the general election will attract capital and investors from all over the world. It says 100 investors have visited it. Management is developing e-commerce industrial estate and smart logistics project. They are confident in 2018 revenue growth of 20%. (Thun Hoon, 27/6/18)
Comment: Should the general election, delays seem to be on the cards again.