AOT awards NWR with Bt9.7b contract to build a 3rd runway, ready for commercial in 2023. BGRIM upbeats 3Q earnings from lower feedstock cost for SPP as gas price drops, recovery demand for electricity from industrial users, to invest 130-150mw windfarm in Korea, gas-fired powerplants in Vietnam total 2,700mw and 250mw SPP in Malaysia, Bt9b […]
Read More →BJC maintained 240 mini BigC stores opening target, will open 2 BigC hypermarket before end of year, seeks to expand food & pharma to capture demand for health conscious consumers, will revamp foodcourt and commercial areas to boost recurring income. CHAYO upbeats 2H earnings from debt collection service, call center & telesales business, in talk […]
Read More →A combination of the sell off in Agri (specifically pork-related names) and oil (a little dip for this period) => the market declines. September – to my memory – has always been a eventful month for markets, and we doubt this month is going to be any different with Thailand facing some students hitting the […]
Read More →Notable Transactions Buy(s) THB 138 mn N/a Sell(s) THB 58 mn N/a
Read More →Moratorium borrowers need a break : 30% of SMEs under the scheme are unable to make repayments. Some 30% of borrowers entering the debt moratorium scheme are not expected to be able to service their debts at the same rate, says the Small and Medium Enterprise Development Bank of Thailand (SME D Bank). Bangkok Post […]
Read More →JMART announced cash call, total 362.643m shares, of which 90.66m shares via placement (10% of paid-up) & 271.982m via RO (30% of paid-up). Comment: The owner is probably going in an all out expansion mode, wouldn’t be surprised to see him tout a THB 100 bn market cap target PSL sees 2H turnaround from higher […]
Read More →ASIAN sees Bt8.4b revenue this year, on growth in pet foods sales, 2H earnings is expected to be solid. AUCT sees big jump in number of participants on online auto auction at 15-20k/month from 7k average pre-covid, expects all time high profit this year. Comment: The most important thing for AUCT its the # of […]
Read More →ASP said there’s risk Thai credit rating may be cut, after Moody’s cut Laos’ from B3 to Caa2, a Junk Bond, after running a huge deficit. Comment: Well Laos’ issue is that they relied on Chinese financing and now have lost their assets to China, whereas Thailand is thankfully (so far) not been as stupid. […]
Read More →Oil woke up to the downside over Thailand’s long weekend (started on Thursday night) and is now -12%. This naturally has a negative impact for the Thai market given the weighting in the index on oil names. The agri sector, especially those driven by pork prices – well it seems done for now, I wouldn’t […]
Read More →AEONTS sees lower LLP from improving assets quality, sees card spending pick-up from online shopping. CKP sees solid 3Q, the strongest this year, as higher water volume boosts output and profit. FSMART upbeats 2H outlook from 3 new launch products selling via top-up machines including insurance policies in cooperation w TQM, mini-ATM service, allowing withdraw […]
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