CPF’s founding family, Chearavanont, ranked 21th in the world richest family, highest among Thailand, with assets worth US$30.7b, Bloomberg. GUNKUL sees earnings bottom-out 2Q, 60mw Vietnam solar able to offset power equipment trading and underground wiring projects delayed from lockdown, expects solid turnaround 2H from JPN & TH solar high season, resumption of infra construction, […]

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ANAN to issue Bt1b worth of subordinated debt, offering 9.5% p.a. for first 5 years. Comment: That sounds closer to what I expected for debt pricing, though in reality it should be double digits. BEM sees Blue line ridership rose to 60% or 250ktpd avg post lockdown, expects momentum carry to 2H on school reopen. […]

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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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ASIAN reaffirms positive 2Q momentum from recovery demand on pet foods, frozen seafood as shops and restaurants reopen, upbeat sales on frozen crispy fried seafood, will add more products to boost margins. CHAYO branches out from debt management & collection services to telecom sale & call center services to maximize existing resources and social distancing […]

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ASEFA: announcement of share buyback up to 35m shares or 6.36% of paid-up under Bt 120m budget from May 21 until November 20,20. Comment: Another sharebuyback!  AWC, TOA, KTC may be added in to MSCI Standard Index upcoming announcement on May 12, tabloid. FLOYD: signed 2 construction contracts for HMPRO & BJC total Bt 163.17m. […]

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KBANK will likely revise financial target this year after the bank’s research unit estimated that the economy will shrink 5% in 2020 amid the pandemic, said CEO. GULF to propose par split from Bt5 to Bt1 at AGM today. Comment: This was announced a while ago, and we wonder if the retail trade for this […]

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BGRIM reassures sustainable earnings as 70% of total power generation capacity sells to authority, EGAT, only 130 corporate clients from total 1,500 companies in industrial estates Comment: These types of businesses should continue to be ok this year. EA sees no issue on Bt3b CD maturity this year, 1Q growth remained intact from higher contribution […]

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ADVANC sets Bt10-15b 1-year capex to expand 5G network, while Fitch said 5G capex is credit neutral. AOT cuts fix rent by 20%, waives minimum payment for revenue sharing for tenants only variable percentages applied from February 1,20 till January 31,21, stretching payment terms for operators in the airport for 6 months for payment due […]

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So The BOT has relaxed its rules on the property sector for the Loan to Value (LTV). Now the details are as follows: Effective date 20th Jan 2020 First home/contract units < THB 10 mn – 100% + 10% of top-up loans Second home/contract – 10% (previously 20%) downpayment for those that have a first […]

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