ThaiCapitalist research
CIMBT will revert to normal LLP in 2H, after having set extra in 2Q, confident of controlling NPLs at below 3.6% and emphasizing on digital lending, while fees from wealth business rose 20-25% yoy. Comment: This is the key point, now banks, excl KBANK, are going to report real numbers. SPCG target 50MW solar rooftop […]
Read More →AAV add 4 domestic routes, SIA-CNX 5 daily flights, SIA-HKT 3 daily flights, 2 daily flights for SIA-KBV and SIA-URT starting from September 25. Comment: Flights I’ve been taking are constantly full (note AAV has been changing departure times quite regularly, likely to ensure a full flight & save costs) CNT sets up renewable earnings […]
Read More →CCET reported July electronics components sales at US$293k, -0.5% yoy.EA has no plan to raise capital, as it has over Bt10b in annual cashflows, plans to reduce stake in Laos PP to 40% from current 50% for new partner. Comment: Lets see if all this investments in EV battery tech works out…I still hold to […]
Read More →Market Thoughts… Does the resurgence of the news about the Red Bull murderer lead businesses/events not working with Red Bull, shift to others and lead to higher sales for CBG and OSP? Will the spike in oil prices due to the Beirut explosion fade? Will the students protests have an impact? Or just fizzle out […]
Read More →Notable Transactions Buy(s) THB 15.8mn N/a Sell(s) THB 23.8 mn N/a
Read More →North, Isan provinces ravaged by ‘Sinlaku’: Tropical Storm Sinlaku has ravaged the North and Northeast of Thailand, bringing downpours and floods to over 1,300 households in 10 provinces. Bangkok Post Panel jittery over delay in stimulus : Resignations leave projects in doldrums. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has expressed fresh […]
Read More →AOT said its decision to lower minimum guarantee for King Power was above board and no shareholder approval is needed, while Finance Ministry, its major shareholder, has no objection if it is in line with SET and SEC regulation. Comment: Well at the end of the day its a 12 month delay/extension. ICN upbeats outlook […]
Read More →BBL has the lowest amount of debts among peers, qualified under Bank of Thailand’s moratorium, at 10-14% and Bt12.7b in LLP, but had already set aside Bt18b in 1H20, a large enough cushion, Tabloid. Comment: I’ve written for years, if BBL is considered the best bank in the sector, then the sector is in bad […]
Read More →CIMBT hire purchase unit, CIMB auto, cuts used car HP target to Bt10b from Bt18b from stringent credit approval, will submit petition for car title lending license, aims to boost FY21 revenue base from larger products portfolio. EA sees stable 2Q earnings yoy, but cuts FY20 revenue projection to Bt15b from Bt20b, as covid had […]
Read More →CPF’s founding family, Chearavanont, ranked 21th in the world richest family, highest among Thailand, with assets worth US$30.7b, Bloomberg. GUNKUL sees earnings bottom-out 2Q, 60mw Vietnam solar able to offset power equipment trading and underground wiring projects delayed from lockdown, expects solid turnaround 2H from JPN & TH solar high season, resumption of infra construction, […]
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