CPALL hiring 20k motorbike drivers to accommodate surge demand for 7-11 Delivery services, following soft lockdown.
Comment: Amusing isn’t it that 7-11, tesco’s and BIGC’s are allowed to operate completely whereas everyone else has to shut down?
FSMART inked deal partner to be Covid-19 insurance agent via its top-up machines, target 500k policies sales this year, sees remittance services surge from lockdown.
Comment: They’re too slow, TQM and the banks have gobbled everything up.
ITEL upbeat 1Q earnings from surged data services subscribers from robust demand for work from home, 30% of Bt4.12b backlog to realize this year, will bid for additional EPC network projects combined worth Bt6.5b
KBANK reports SMEs petitions for restructuring topped 1k/week MTD, stretching term loans up to 12mths to curb NPLs in card, personal credit, mortgage, corporate and SMEs.
Comment: I can’t see a scenario where banks are good investments….interest income will keep dropping, and NPLs are going through the roof
SPALI pauses down payment for 3 months to help home buyers, sees 1Q revenue meet target from 8 new launches, may revise down FY guidance if virus prolong.
Comment: That’s an impressive feat if true.
VGI: Abe hints at possibility of postponing Tokyo Olympic may bite profit on making rights.
Comment: VGI’s top line is probably -20% as a result of this