ThaiCapitalist Commentary
ABM target FY20 exports sales +30% yoy, thanks to strong demand for biomass fuels, target full year no less than 50k tons, new RDF fuel plant 2k tons capacity p.a. to cod in 4Q. BAFS expects full year jet fuel sales volume -60% yoy, in talk to buy 30mw solar farm to diversify risk, finalize […]
Read More →AS sees YoY revenue growth this year on >10 games launched, with 5 to be in 2H. Comment: Kicking myself for missing this. BAY cuts FY20 loan growth target to 3-5% from 5-7%, NII to 10-15% contraction yoy from -3% prior, coverage ratio 180-200 bps from 130-150 bps on fragile environment. BWG’s major holder, Komol […]
Read More →BCH sees record high 3Q on seasonal, new hospital, higher SSO payment, and foreign patients. Comment: Where are these magical foreign patients? Perhaps I count as one of them… CPN anticipates 2H turnaround from lower rent cut to 20-30% from improved traffic at malls to 80-90% compare to pre-covid level, sees overall OCC still healthy […]
Read More →BANPU sees 2H turnaround from recover coal sales volume and higher selling price from improving demand from China and Vietnam. Comment: If only it were a true coal play… BGRIM upbeats 3Q earnings from low gas price, sees electricity demand from industrial clients gradually back to normal posted reopening, seeks M&A to boost inorganic growth. […]
Read More →Hot off the presses yesterday. FTSE Global Index: Semi-Annual Review effective after the close of September 18. Large Cap Add: CRC, BGRIM, BBL (NVDR) Del: TOP Mid Cap Add: TOP, CBG Del: BGRIM Small Cap Add: MEGA, IMPACT, JMT Del: CBG Micro Cap Add: SGP, BAFS, SPF, S, PRIME, SABINA, SINGER, LST, TWPC, UAC, MAJOR, […]
Read More →Two words: Convalescent Plasma
Read More →ACE wraps up deal to buy 3 biomass powerplants with 26.9MW capacity from UWC worth, helping contributed Bt800-900m p.a. Comment: I still look at ACE questionably given the fact that the founder is a police general and likely won the contracts through “relationships” but having followed their calls, they are running a professional shop. AOT […]
Read More →Notable Transactions Note: Price data is as of 24/08/20, and as 2Q20 #’s are finished, management buy/sells are YUGEE. Buy(s) THB 560 mn BOFFICE – Family has put in a small fortune ready for the cap increase. OSP – Founding family member has been putting a lot of capital to work this year, both in […]
Read More →Key points: 128/750 companies reported profits that are up QoQ, YoY, 1H20 vs 1H20 Worst sector: Tourism Best sector: Agribusiness QoQ: +44%, YoY: -46%, 1H -59% Note: This isn’t fully comprehensive of all listed firms, there may be data issues.
Read More →Senators crucial factor in constitutional change : The coup-installed 250 senators will be a decisive factor in constitutional amendments pushed by several parties and it remains to be seen whether the Senate’s role in charter change can help defuse political tensions stemming from student protesters who are also demanding charter revisions. Bangkok Post Govt plans […]
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