BGRIM’s expected to get license to import 500-600K tons of LNG per year today, after GULF got their license yesterday to import 1.7m tons. Comment: A license to print $ BOT fined BFIT Bt3.155m for overcharging for assets appraisal. Comment: A small fine…how does this prevent firms from playing a fool INTUCH signs Singapore partner, […]

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BAY stops nano-finance services, Tao-Kae Tun Jai, aims to clear Bt43m accrued debt in portfolio from 2.8k accounting for NPLs of 11% from the segment, no plan to restart programme this year.  Comment: One bank out of this nano-finance, I wouldn’t be surprised to sell all of the commercial banks out of it. Expect to […]

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BAY’s card unit, Krungsri Consumer, mulls to cut card spending target after 1Q drops 12-13% yoy from shutdown. Comment: Two things….either 1) you will see an increase in loans/cash loans/credit cards because of people’s need for cash but this will be combined with weak payback or 2) No spending, further downside in consumer spending CHG […]

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BAY expects 1Q loan growth shrink more than 10% yoy, sees sharp declines in new home sales, roll-out refinance package to draw mortgage clients. Comment: 1Q20 is a recession quarter, 2Q20 is still up in the air, 2H20 is, I suspect, a recovery period, and 1Q21 everyone will look amazing compared to the year before […]

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APCO target 70% revenue growth this year driven by sales of medical supplies on the back of Covid-19. Comment: TQM seems to be the name that the retail market has liked for this. BAY sees heavy debt load on GEN Z new grads age 21-24, stringent on consumer credits to curb NPLs Comment: I think […]

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BAY tightens credit screening for consumer credit clients especially Gen Y who earns <Bt30k/month, see NPLs, aims to curb NPLs from cards & consumer loans within 0.3% from current 0.2%. Comments: And should this generation of consumers lose access to credit which was freely available to the previous generation. Then don’t expect to see any […]

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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 […]

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BAY added 3 features, digital account opening, online travel insurance service and e-marketplace (promo campaign) to KMA mobile app to double vol of active users. Comment: And then once the banks have hooked us onto their apps will they begin to charge fees? EA denies chatter that Taxi Co-op had cancel order for 3,500 EV, […]

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BA may pay special dividend in 3Q, having booked extra gains, yet operation remained sluggish from higher competitions and strong THB. BAY revamps app, U-Choose, to accommodate digital lending, online deposit and e-market place, kick-off services on November. BGRIM reassures solid 4Q from absence of maintenance shutdown and additional capacity from 3 solar projects combined […]

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AWC’s retail portions were fully subscribed and Institutional portion is expected to be snapped up during October 1-3 as well, tentative trading sets for October 10. Comment: I doubt you’ll see big numbers on the first day for AWC, its a massive IPO… BAY will apply 70% DSR on personal loans and credit card applicants […]

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