ADD: local fund, BBLAM, raised holding by 1.7053% to 6.5928% on October 29. BANPU divests 47.5% holding in Spain renewable firm, Sunseap, for US$364m vs initial investment at US$173.7b, announced acquisition in 768mw combined cycle gas-fired power plants in Texas, Temple 1, for US$ 430M. Comment: Cap gain to be recognised, combined with coal prices […]
Read More →ADVANC reported 3Q net profit @ Bt6.37b, -2% yoy vs Bt6.54b consensus, subscribers rose to 43.7m, BB topped 1.6m subscribers, ARPU slightly drop from competitive air time package, will start digital lending venture with SCB (AISCB) 1Q22. AS will launch 3 mobile games before end of year, developing virtual reality (VR) games to capture growing […]
Read More →“And Thailand has re-opened! To 60+ countries! Wait where are the tourists, why aren’t they here yet? Ok sell all tourism plays. And let’s go for a drink” That’s the conversation that the market is having. We’re in the midst of earnings season…no surprises yet. There was a pop during the week for the property […]
Read More →AOT reaffirms passenger terminals (East) at Suvarnabhumi with Bt8b budget next year, while North expansion is still pending ICAO’s procurement process. Expects 440 flights during 1st day of reopening today. ARIP will host Commart IT Expo at BITEC on November 25-29, Money Expo in Chiang Mai November 12-14. CPANEL expects to secure building material orders […]
Read More →Notable Transactions Buy(s) THB 1 bn T – A reverse IPO, new owners came in at 0.02, market price 0.62. Sell(s) THB 62 mn BANPU – So he’s dumped what he bought via the RO.
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 →China, India to be invited to join development efforts: Thailand, Indonesia and Malaysia will deepen economic and logistic cooperation under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) with a plan to invite China and India into the partnership. Bangkok Post BoT eases mortgage LTV ratio: Move aims to boost property sector. The Bank of Thailand (BoT) has […]
Read More →AOT: Civil Aviation Authority (CAAT) reports 27 airlines scheduled to land in Thailand during November 1-5 Nov, 15,230 passenger arrival on the first 5 days where 10,062 passenger straight to Phuket Comment: The YoY %’s are going to be YUGE! AWC: to open 248 rooms Marriot Courtyard Phuket on November 9. Comment: But they’ll open […]
Read More →AJA: signing MOU with National Telecom (NT) to develop smart city for tourist towns including Hua-Hin, Phuket & Pattaya. B: top holder, Millcon Steel, cuts holding by 1.4188% to 8.6251% of total outstanding on Tuesday BAY: sells Bt1.4b bad loans to BAM for Bt940m, 33% discount to combined face value. Comment: BAM always OVERPAYS. The […]
Read More →BAM & RATCH are expected to be remove from MSCI index on an upcoming reshuffle announcement November 11, effective at the close of Nov 30, tabloid. Comment: And the replacements will be MAKRO and…? CPALL: anticipates 4Q turnaround from positive SSSG, expects sales jump after curfew lifted on October 31 (11pm) as sales during 7pm-10pm […]
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