RATCH in talks with 2 powerplants operations on M&A to offset revenue lost from retirement powerplants in Ratchburi during 2025-27.
SCB, BBL and KTB followed KBANK’s lead in cutting lending rates by 25 bps, while keeping the MLR (prime rate) unchanged, responding to Bank of Thailand’s surprise rate cut last wk. Deposit rates were left untouched.
Comment: And watch their NIM’s continue to get destroyed, want to see a sad picture of the Thai banking industry? Look at South Korea’s banks.
Temasek offers to sell 257.1m share in INTUCH @ Bt60.5 – Bt62, a discount of 3.9%-6.2%, according to termsheet, CS was among arrangers.
Comment: We got the call last night, it was a 6% discount.
TPOLY expects to win additional foundation work projects worth Bt3.6b before end of year from current Bt15b bidding, power subsidiary TPCH to cod 2 powerplants combined 20mw in 4Q, maintain Bt4b FY19 revenue target.
Comment: A turnaround year for TPOLY coming? TPCH is throwing out good numbers.