AAV to resume all 25 domestic routes by July, sold 41K seats in a single day on June 23
Comment: And today they’ve launched a pay one-time 2,999 for 6 months special deal.
BAM mulls selling Bt25b CD, funding NPAs acquisition in 2H, sees lucrative opportunities in tourism segment.
Comment: Would be amusing to see if this doesn’t roll over one there.
BGRIM signs land lease agreement with Treasury Dept to build 95MW hybrid PP worth Bt3.8b to supply electricity to U-Tapao airport.
GULF acquires 4.59% stake in INTUCH as an investment and may increase in the future.
Comment: Makes zero sense, but even with -ve FCFF they somehow have the cash for this. I had quite a few conspiracy theories for this transaction.
JMT sets Bt4b budget to buy unsecured loans NPL, mortgage and HP from 4-5 finance institution, will wrap up before end of year.
Comment: Already well known, the poor trade continues for a few years IMO
PSH cuts FY20 sales target by 25% from Bt38b previous guidance to reflect negative impact from C19, expects 2H turnaround after purging Bt5b ready-to-move in condo inventories 5M20, steers away from low-end SDH & condo as purchasing power vanished from job loss.
Comment: Now that’s more realistic!
SAPPE cuts full year revenue growth target to flat yoy from 5-10% prior from drag in 1H, upbeat margins outlook from new excise tax cut to 3% from 10% on drinks containing veg & fruits above 10% of product, will launch healthy drinks and snacks total 5 items before end of year.
Comment: That would still be impressive. They were the first player to make the functional drink popular.
SPALI to launch Bt300m townhome projects, Supalai Urbana, pre-sales kick-off July 18-19.
TK tones down new HP loans this year from low purchasing power, will wrap up Bt450m M&A in HP business in Myanmar before end of-3Q.
TPOLY wins feeder canal projects from Royal Irrigation Dept worth Bt329m.
Comment: This little player has won a few projects this year + has TPCH on its books
TRITN acquires 65% stake in Trans Thai Railway (TTR) for Bt54m, sees value additions from expertise in signaling, electrical system and maintenance for railway operation.