AOT approved AAV’s request to partially move its base from Don Muang to Suvarnabhumi, with initial 24 domestic flights, before extending to overseas flights by end of year. Comment: Now the future hordes of Chinese tourists will be at Suvarnabhumi.  BBL: Social Security Office cut holding by 0.0188% to 4.9903% of total outstanding on Tuesday […]

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ACE pays Bt851m for 3 biomass powerplants with 26.9MW capacity, with immediate revenue recognition of Bt900m p.a., in talks to boost P2P and boost overall biomass powerplants to 12, 112MW overall. Comment: Decent priced paid. APCO will launch 2-3 health supplement products before end of year, aiming to capture demand from health conscious consumers, estimate […]

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BBL expects 2Q NIM flat qoq from 2.5% in 1Q as cost of funding also drops from repricing deposits, sees no impact from debt moratorium as consumer lending account for marginal in portfolio. BTS sees full year ridership drops 10% yoy; but no impact to revenue thanks to cod of greenline extension stations, compensation from […]

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BGRIM to wrap up 4-5 M&A projects both at home and abroad, keeps 10-15% revenue growth target this year. Comment: The cookie monster of the energy space in the region.  BBL reports 4M20 mobile banking transactions +28% yoy from C19, target 11m users from 8.6m by end of year. Comment: Now all of the banks […]

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ADVANC sees positive 3Q momentum from higher ARPU as deep discount package already expired since end of-May, higher market share on FBB supported by WFH demand. Comment: Still curious to see the 5G story play out. If anyone has a decent paper out there on 5G please send it across, specifically the beneficiaries. NPLs expect […]

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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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BBL expects to save Bt7b after revised acquisition terms to lower BV multiples and Indonesia rupiah depreciation. Comment: A slightly low acquisition price and the IDR dropping. BWG’s major shareholder, Komol Jungrungreangkit, raised holding by 0.5219% to 5.2921% last Friday (April 16), SEC filing. Comment: This name is trading so far below BV its ridiculous. […]

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BBL shareholders approve the acquisition of PT Bank Permata TBK  It’s going ahead – Shareholders have approved approved its plan to acquire all the shares in PT Bank Permata Tbk (BNLI). The deal is now expected to close in 2020 after BBL completes the transaction with Standard Chartered and PT Astra to acquire their combined 89.12% […]

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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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