ADVANC wins court battle against NBTC, who tried to force ADVANC to pay Bt7.2b remedy packages to 900MHz subscribers.
Comment: So the NBTC just wasted our taxpaying money, no surprise.
ITEL: signs a data service contract with KTB worth Bt 165m, lifts backlog to Bt 4.53b, target 20% CAGR over next 3 years.
Comment: Anyone noticing that ILINK and ITEL are finally signing projects again after being on a silent mode for the past few years.
KTB will close or merge up to 80-100 branches this year, but won’t retrench staffs, as part of plan to cut costs and focus on digital banking.
Comment: What will happen to the real estate of all these bank branches? Typically they are in prime locations for each area that they serve. The trend of banks giving up their real estate begun 5 years ago.
GULF may record accounting gain as much as Bt550m for every Bt1 gain in THB against USD.
MTC’s Bt4b bonds were sold out, firms on 20-25% loan growth this year.
PLANB: acquires 25% of strategic marketing & entertainment co., Good Things Happen, via subsidiary Master Std Display.
PTG: anticipates higher gasoline sales volume after curfew lifted, domestic travel stimulus should boost demand.
Comment: I can attest to being stuck in a massive amount of traffic some 150km out of Bangkok (not from KY, pattaya, or HH)
SKY: wins a 10 years contract for passenger processing system from AOT worth Bt 8.62b.
Comment: Out of nowhere this company wins projects since the military has been in charge.
TAKUNI: to book Bt 200m from land sold in 2Q, will use proceed to diversify business from Oil & Gas engineering & transport to mitigate risk from volatile market.
TM: anticipates wider margins from lower import costs thanks to strong THB, firms on Bt 650m full year sales target, will branch out from medical supplies to elderly care training services.
TPOLY: expects to win 2 foundation work projects combined worth Bt 2b in 3Q, target Bt 4b backlog by end of year, 3 powerplants total 25mw to cod mid-July.
Comment: Basically they have to start showing some accounting profit for investors to believe in them again.