Market research on Thai Stocks in the SET Index
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 →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 →ADVANC will switch on the country’s first 5G mobile network on the 2600-MHz band after making the 1st instalment payment today for the spectrum won at this week’s auction. Comment: Lets see if there are dividend cuts AOT: airlines voice out unfair treatments following announcement of remedy package for tenants at 6 airports as airlines […]
Read More →ADVANC sets Bt10-15b 1-year capex to expand 5G network, while Fitch said 5G capex is credit neutral. AOT cuts fix rent by 20%, waives minimum payment for revenue sharing for tenants only variable percentages applied from February 1,20 till January 31,21, stretching payment terms for operators in the airport for 6 months for payment due […]
Read More →DTAC’s confident its newly acquired 26GHz (200MHz) is sufficient to cater for its 5G business, mulls commercial services in 2Q20. Comment: Doesn’t appear to be the case when looking at their share price performance, the market is probably worried about the potential continued loss of customers. GUNKUL target FY20 revenue growth >20-25% yoy, supported by […]
Read More →BAY tightens credit screening for consumer credit clients especially Gen Y who earns <Bt30k/month, see NPLs, aims to curb NPLs from cards & consumer loans within 0.3% from current 0.2%. Comments: And should this generation of consumers lose access to credit which was freely available to the previous generation. Then don’t expect to see any […]
Read More →AOT: AOT released their latest flight/passenger figures last week, and things look awful with passengers -28% for the first week of Feb, expect for this rate of change to increase for the rest of the month. The first step they’ve done to counter the drop is to reduce the landing fee and now there’s news […]
Read More →AMATA expects big-jump this year transfer of 20 hectares lands from 3 industrial estates in Vietnam, target FY20 pre-sales from 3 sites topped 37 hectares aft hit by delay permit last year, will book Bt2.1b revenue from disposal of 49% in Amata City Long Thanh 1&2 in 2H20. Comment: Harrrumpph, they’ve been touting about AMATA […]
Read More →Notable Transactions An oddly quiet week of transactions. Buy(s) THB 5mn N/a Sell(s) THB 2 mn N/a
Read More →CPN sets 3 yrs capex plan at Bt22b to revamp existing 12 malls, expands 3 mixed use pj, add retail & office spaces, to raise residential ppty rev to 12% from current 7-8%. Comment: What economic slowdown? CPN is still going gangbusters, I wonder what is going to happen to the Mall Group in the […]
Read More →