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, […]
Read More →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 […]
Read More →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 […]
Read More →BAM anticipates 2H turnaround from NPA auctions in 3Q, Bt7b backlog to realize this year, firms on Bt12b revenues target. Comment: No auctions have taken place, hence their absolute rubbish #s ERW cuts this year capex to Bt500-700m from Bt1,400m, cuts costs to fight pandemic. Comment: If # of hotels drop, can we see a […]
Read More →So 1Q20 #’s are done, and were generally well-protected due to the fact that pain only started towards the end of Feb. 2Q20 will show the real impact with April and May having effectively zero transactions for the majority of businesses. So now what? The OPEC+ deal to cut supply lasts for 2 years, yes […]
Read More →ANAN to refocus on selling ready to move in projects, targeting Bt16.6b presales this year, after booking Bt4.354b in 1Q, keeps Bt20b transfers, while revenues stream is supported by Bt30b backlog. Comment: 1Q20 was a core profit loss…more pain to come in 2Q BTS cuts holding in RS by 00807% to 4.9323% of total outstanding, […]
Read More →Notable Transactions Buy(s) THB 43mn NER – The CEO buys a chunk of shares, first time I’ve seen this here, hmmm Sell(s) THB 4.6 mn N/A Note: Now that 1Q20 #’s are basically all out it’ll be interesting to see what directors/owners will do in the coming weeks
Read More →Ministry to issue savings bonds soon : The Finance Ministry plans to offer special savings bonds worth 50 billion baht to the public to give taxpayers more investment alternatives to earn higher income as low interest rates and economic uncertainty prevail. Bangkok Post Economic rehab plan en route : A 400-billion-baht borrowing plan intended for […]
Read More →CPF’s firm on 8-10% revenue growth, sees growth momentum into 2Q, sets Bt20b capex. Comment: I see a high probability for all commodity prices to go very very high over the coming decade… DCC’s 967.5m new shares from exercise of DCC-W1 1:1 at Bt1.15 apiece tradable today, previous close Bt1.84. JWD anticipates 2H turnaround from […]
Read More →BGC sees revenue reaching Bt20b within 5-year, eyes 7-8 packaging and energy M&A deals, with 1-2 within this year. Comment: If their comps are seeing a huge drop in volumes, BGC could arguably pick up assets on the cheap COM7 maintained parallel approach between on/offline sales, aims to maintain online sales above 10% of total […]
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