7UP appointed former police commissioner, Somyot Poompanmoung, to be chair of the board, effective March 30.
Comment: Oh happy corruption times, what share transfers, business transfer etc etc are we going to see here.
HENG target 30% loan growth, Bt12b loanbook target by end of year from Bt9.2b FY21, will add 100 branches to expand network from current 529, expects to be granted digital lending license from BOT within 1H, target cod in November.
Comment: People still under estimate how large the loan shark market is in this country. (I did until 2016)
GULF to COD 662.5MW GSRC unit 3 today, with unit 4 scheduled for October 22.
JTS issues Bt4b 3-year secured bond, 6.25% interest, raising fund to boost bitcoin mining machines to 8,100 by end of year.
Comment: They can raise capital cheaper than Magnolia property (one of CP’s overleveraged property arms) speaks volumes, and hey. el savador is doing bitcoin bonds at 6.25%, so what’s safer, JTS or El Savador?
KTC sees 2M22 card spending +10% yoy, stringent on credit approval to curb NPL, inked deal Agoda & mastercard to launch co-branded card to capture frequent travelers.
OR launches its 1st Your Space, a multi-brand shop displaying various products, at PTT Vibhavadi station.
SIS expects strong IT & network equipment sales after government off Bt6.3b budget to invest in data center & central cloud infra for government agencies.
SYMC anticipates positive earnings momentum driven by digital transformations, expects demand for critical sites, disaster recovery connectivity, private network for branches solution & international private leased circuit remained strong, firms on 15% revenue growth target.
Comment: Could’ve been a great business, but the industry structure of the telco industry in Th, makes growth difficult.
TKN: founder & family members, Itthipat, Nutchatpong, and Orrapat Peeradechapan, sold total 27.6m shares @ Bt8.1 on March 29.
Comment: Yeah ok, they’ve checked out, the pepsico deal never materialised. And we haven’t seen anything new from them either.