ThaiCapitalist research
ACAP defaulted interest payment for bondholders of ACAP20NA due yesterday, SEC filing, Comment: That’s another one down. ADVANC’s insisted no personal info from customers was leaked during a scheduled test earlier this month – only non-critical info was exposed online as reported by foreign media. Comment: Singapore get your act together…do they really want to […]
Read More →AP reports 4M20 sales topped Bt8.33b, Bt4.93b backlog pending transfer, delay plans to add land bank, maintaining Bt33.5b FY20 presales target. Comment: That’s still decent. BAM reaffirms at least Bt1 dividend payout this year, sees recovery in 2H, plans to sell Bt3.3b worth of rehabbed assets. Inclusion into MSCI this Friday will see $58m inflows, […]
Read More →So now the question is which way will the market go? 1Q20 #’s are out and naturally looked bad because of the inventory write off’s in the commodities sector. 2Q20 is going to be awful. But what if, from this moment onwards we see constant positive momentum from companies, from the economy, from people resuming […]
Read More →Notable Transactions Buy(s) THB 115 mn SPC – The Chairman went out and bought a chunk. Sell(s) THB 231 mn OSP – A big sale by a family member
Read More →Decree not a ruse to stay in power:PM : Prime Minister Prayut Chan-o-cha is not maintaining the emergency decree for the purpose of protecting his own power, said government spokeswoman Narumon Pinyosinwat. Bangkok Post More to ‘seeking the truth’ laser campaign than meets the eye, academics say : The laser projection of political messages on […]
Read More →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 →