AAV announced one month suspension of its operations in Thailand, staffs will not be paid, but will seek partial payment from social security fund, while BA announced temporary suspension of its Samui and Phuket flights from Aug 3.

Comment: If it his 2 again, it’s worth a trade – or it goes bankrupt – which is unlikely.

AMR: infra system integration & engineering services, AMR Asia, debuts today, 150m shares at Bt6.9 apiece

Comment: Another beautiful IPO pump!

BCH to officially open BCH (Laos) on Aug 19.

CPALL expects to take hit 3Q from shorter operating hours following closure order from 8pm till 4am in dark-red zone provinces of which more than half of outlets located restricted area, Tabloid.

COTTO will launch new products to expand building material portfolio in 2H, aims to improve production efficiency & curb costs.

GULF: Singtel rejects tender offers for ADVANC & INTUCH stakes.

Comment: No surprises here. But it is interesting that GULF is taking over INTUCH and at the same time we see DTAC likely going to True. Should the market become effectively two players, National Telecom doesn’t count, then the telco’s may finally become profitable.

JMT sees stable cash collection QTD, sets Bt5-7b budget to scoop up NPLs from finance institution in 2H, plans to close 1-2 deals within 3Q.

Comment: Can you imagine how much more bad debt is going to be in the system? If last year the supply of bad debt was already 3x the ability of bad debt purchasers in the system, what will this period do this ratio?

ORI’s subsidiary, Britania (BRI), submitted filing to sell 252.65m shares IPO (29.6% of paid up), Kasikorn Sec & Yuanta co-leads.

Comment: This is a great way to avoid a recap of the main co.

PF to revise down this year presale and revenue target from Bt16.4b and Bt21.37b, after missing target by miles in 1H presales at Bt6.2b, plans 4 new projects in 2H worth Bt9b.

PROEN expects growth from cloud services usage >100% yoy supported by remote working and data center, mulls tap in smart logistic to diversify earnings, firms on 20% revenue growth target.

ROJNA delays battery JV with EVLOMO from Covid disruption, 800 acres IE land backlog pending transfer, revenue from utility sales and dividend income from GULF and FPT provides cushion.
Comment: This is what led to the spike in the share price, if its goes then……it’s still cheap but no cataylsts.

SAK extended Bt1,220m loans in 1H, account for 56% of Bt2,000m full year target, after faster than expected in expanding 200 new branches, keeps NPLs at 2-2.5%, a level below industry average, firms on Bt8,400m loan port end of year.

SCC sees solid growth in 2H from packaging and chemical biz, firms on Bt90b paper this year, while its VN petrochemical complex to COD early 2023.

Comment: The chemical spreads are driving margins atm. Cement business is going to hurt by sluggish demand and coal prices.

TSR reaffirms 2H turnaround from strong water purifier & filter sales as people spend more time at home, rolls out promotion & online channel to boost sales.

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