Updates
What a start to the year… Got your shopping list ready? Close your eyes and accumulate over the next few months. You’ll be reading about two things from the economists: 1) Supply Shock – This will come back online faster than people expect and most likely the China + 1 model will become stronger, expect […]
Read More →DISSOLVED : B191m loan ruled illegitimate by court, 10-year political ban for party executives, EC looks to press criminal charges. Movement will go on, leaders say. The disbanded Future Forward Party (FFP) is taking a defiant stance in the wake of the Constitutional Court’s ruling against it, vowing to set up a new movement to […]
Read More →AP maintained launch plan 37 residential projects worth Bt47.1b, eyes Bt40.5b revenue target, Bt51.9b backlog to realize till FY23. Comment: Well they are perhaps the most aggressive developer out there at the moment BCP’s confident of rebound in GRM in 2H, boosting this year EBITDA growth of 20%, plans 60 new retail stations from current […]
Read More →BDMS to spend Bt85.6b to buy BH’s shares at Bt125 each. Comment: Boom! Another one CPN mulls cutting rental rate for tenants at 8 malls from total 34 that were severely impact by the virus, scraps 8% FY20 revenue growth target. Comment: I wonder at what point do office buildings begin to reduce rates, there’s […]
Read More →ERW firms on plan to open 7 Hop Inn budget hotels in TH, will shut Marriot Courtyard BKK for refurbish from April 20 till September 21. Comment: It’s a ghost town in every hotel in Thailand atm FPT will book Bt943m revenue from FTREIT big-lot sold in 2Q. Comment: Still able to raise capital in […]
Read More →AOT & BDMS: Kuwait & UAE suspend flights to TH. Comment: This will hammer BDMS And BH BEM maintained 20% full year ridership growth target to 500kpd, supported by larger network from Blue line extension, mulls adding 20 trains to support growth, sees toll way traffic steady at 1.1m trips/day. Comment: Just as with BTS, […]
Read More →DELTA sees COVID-19 weighing on 1Q20, yet firm on 5% revenue growth target this year, sets Bt$200m capex for M&A in India. Comment: We think its going to knock off -20% off the markets revenue (excl energy) GULF’s board approve par split from Bt5 to Bt1 to boost liquidity. Comment: Liquidity? The stock has plenty […]
Read More →The market woke up this morning with a serious flu with the whole region down 1-2%. It’s not much of a surprise given the supposed 2 weeks period that it takes for the flu to appear in people. I suspect this week will be peak fear. Should the analogy to SARS hold that by the […]
Read More →Notable Transactions Buy(s) THB 41 mn BBL – The President/CEO for the first time visibly buys shares in his bank. Sell(s) THB 2.3 bn BJC – Are they selling in preparation of an RO for the Tesco acquisition?
Read More →5G auction raises B100bn : AWN bags almost half the licence haul. Around 100 billion baht was raised in the 5G multiband licence auction yesterday with leading mobile operator Advanced Info Service (AIS), through its subsidiary Advanced Wireless Network (AWN), grabbing almost half the 49 licences of three spectra put up for auction. Bangkok Post […]
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