ACE wraps up deal to buy 3 biomass powerplants with 26.9MW capacity from UWC worth, helping contributed Bt800-900m p.a.

Comment: I still look at ACE questionably given the fact that the founder is a police general and likely won the contracts through “relationships” but having followed their calls, they are running a professional shop. 

AOT to take management of airports in Krabi and 3 other provinces from Department of Airports to improve & operate facilities, increase overall capacity to handle international flights.

BAM launches NPA sales campaign on September 9 (9/9), SDH, land, condos & commercial real estate total 100 entries on shelf.

CENTEL sees gradual recovery in OCC, with full year average at 30-35%, assuming no 2nd wave, RevPAR falling 60%, while food business has recovered 90%.

Comment: MINT lost thb 8bn in 2Q20 and raised capital. Centel lost 0.5 bn and doesn’t need to raise capital. 

CPW anticipates meaningful turnaround 2H from positive sales momentum on gadgets, Apple & lifestyle products on seasonal, sees healthy demand on mobile & tablet on 5G adoption.

MCS will sign additional steel order total 10k tons with JPN client before end of-Aug, lifts backlog above 100k tons, expects to win additional contract from current bidding 100k tons, firms on Bt4b full year revenue target.

Comment: Just look at inventory on their b/s to understand the sales potential here. 

NBTC refrains DTAC from launching 5G services on 700MHz this year due to impact on DTV broadcast in rural area where audiences HV to pre-tune Set Top Box.

Comment: NBTC wants some tea money. 

PTT acquired 8.91% of GPSC from TOP, lifts holding to 31.72%, transfer Thai Oil Power’s 20.78% holder of GPSC to TOP, expects TOP to book Bt5b gains from share sales in 4Q, Tabloid.

Comment: The positive spin is that the profits and cash coming into TOP. The facts are that it had to sell because of financial issues. Part of me still thinks that TOP should recover north of thb 50, the question is only when and if there will be dips during the next 3-6 months. 

SFLEX sees solid 2H earnings on higher sales in food packaging and medical equipment, adds client bases and firms on 15-20% growth this year.

THRE keeps 10% revenue growth target this year, after reporting a net insurance premium in 1H.

TRUE enters into dispute settlement with CAT Telecom, where CAT paid Bt1.96b to TRUE and its unit while TRUE paid Bt1.86b to CAT, both withdrew case from the court.

Comment: So True walked away with 100 mn in cash from CAT….

TU cuts FY20 capex to Bt3.7b to preserve cash, expects frozen seafood sales picking up 2H from reopening of hotel & restaurants, upside from canned tuna sales as Covid boost demand for long shelf-life canned foods.

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