ACE signed PPA with EGAT for 8 community PP with 50MW capacity, to spend 10 months on construction, ready to bid for 400MW in 2nd phase. Comment: Are you ready to see ACE win most of the 2nd phase? NBTC’s summoned ADVANC to meet today to explain the downing of its mobile and fixed internet […]

Read More →

Financials & commodities. Still am utterly confused re PTTEP….local insti’s do something. A large cap that grew EPS by ~70%, expected EPS growth this year of ~30-40%, trailing PE of 12x, yield of 4%, in the words of J. Biden, “c’mon man” Though I do wonder if the property names will rerate from their “low […]

Read More →

Just look at the bolded text – Thailand is a Chinese vassal state. Ministry mulls revision of EV import duties: The Finance Ministry is considering cutting import duties for electric vehicles to make them more affordable. Effort to facilitate greater affordability. The Finance Ministry is considering a revision of the import duty rates for electric […]

Read More →

I’ve referred to Siam Commercial Bank as the Purple Chicken since 2013 when they requested and received from the Bank of Thailand the right to expand the single lender limit from 25% to 60% to assist CP Group in the financing for their acquisition of MAKRO. Source: https://www.bangkokpost.com/business/352709/bbl-ktb-agree-loans-for-cp-makro-deal A few weeks ago SCB decided to […]

Read More →

Fun thoughts: In USD terms, the SET is 0% for the year. Loving the moves in commodities – though it hasn’t completely translated to each commodity related company yet… Curious whether the move in the banking sector is the start of something. Gov bond yields are picking up, this can reflate bank earnings, throw in […]

Read More →

ADVANC to provide 5G network solution for Bosch’s factory in EEC, sees growth from IoT, remote production curling & monitoring, automated warehouse & logistic to improve productivity. Comment: I think we are underestimating the potential impact of 5G on businesses, it’s going to be far bigger than we may realise. AOT’s board omitted bonus payment […]

Read More →

ADVANC sees positive 3Q momentum from higher ARPU as deep discount package already expired since end of-May, higher market share on FBB supported by WFH demand. Comment: Still curious to see the 5G story play out. If anyone has a decent paper out there on 5G please send it across, specifically the beneficiaries. NPLs expect […]

Read More →

And now the bull and the bears will fight Bulls Its only 2 months lost earnings The recovery is underway globally with multiple economies beginning to open up Liquidity is flush in the system Massive fiscal spending to kick in by June Low interest rates Bears: Still “expensive” valuations The economic destruction will be felt […]

Read More →

Earnings season will start soon. Let’s see how the market holds up. OPEC+ got together and agreed to a cut…which when you dig into the #’s isn’t enough to offset the huge drop in demand (a -9.7mn drop is nothing, in order for demand/supply to balance out it should’ve been a -20mn to -30 mn […]

Read More →