What happened? On the 11th September TASCO informed to the market: The company was contacted by the US Embassy in Thailand that 3 weeks ago the US State Department asked them to stop procuring crude oil from Venezuela by the end of Nov 2020. And if they don’t they may face US sanctions. Source: https://www.set.or.th/set/newsdetails.do?newsId=15997807571200&language=en&country=US […]

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TAT calls attention to flaws in tourism scheme : Only 17% of 5.05 million registrants used the benefit over two months. The domestic tourism subsidy needs another major revamp despite generating 3 billion baht for the local sector, as just 17% of 5.05 million registrants used the benefit over two months, according to the Tourism […]

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BBL raised holding in BSL leasing to 90% from 35.88%, will expand leasing, HP, factoring & maintenance lease business. ECL estimate insurance broker subsidiary, Mighty broker, to capitalize on HP clients on hand, will branch out to non-auto insurance next year. GFPT sees strong 3Q, a high season for exports, but Covid should hurt overall […]

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The Thai cabinet approved a “Special Tourist Visa” (STV) scheme this week in principle. Details are: 14 day quarantine at a certified alternative state quarantine (ASQ) hotel or villa. A minimum 90 days length of stay, 2 extensions of 90-days are possible. Fit to fly medical certificate. Proof of medical insurance covering at least USD […]

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FTSE rebalance on Friday is expected to see $119m inflows, with $90.5m into CRC, $32m to CBG. FTSE Small cap seen inflows into MEGA and JMT, while Micro cap into SINGER and SABINA. Comment: Normally the share prices move up leading to such an event as locals take advantage of the information/time advantage. BTS voiced […]

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AP reports Bt1b presales from newly launched 6 SDH projects on 1st 2 days, 8M20 SDH sales topped Bt18.4b account for 82% of horizontal sales target, maintaining launch plans 16 SDH projects total Bt17.5b for remaining 4 months, Bt12b out of Bt49.33b outstanding backlog to realize this year. AWC seeks M&A existing hotels to scoop […]

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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 […]

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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 […]

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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 […]

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