AEONTS reports 2Q21np (end of Aug) at Bt678m, -29.8% yoy; missed Bt1.09b consensus, pays Bt2.5 dps, XD Oct 18.

Comment: “Ruh Roh”

KBANK to cut loans to coal-fired power plants, target carbon free by FY30.

Comment: Idiots. But this is more PR than anything else, when was the last time Thailand had a serious launch of a coal-fired power plant? Banks are idiots…it’s going to be a lucrative spot for investment funds to provide financing for the next 1-5 years (should governments not overly regulate the sector) Our indo coal producers are paying out 15-25% dividend yields, and that is a tax heavy market.

KTC target FY22 card spending, +8-10% yoy, 250k new subs, rolls out campaigns to boost spending on holiday season, expects meaningful turnaround next year.

Comment: So they’ve cut their target for this year…. “ruh roh”

HYDRO announced RO 768m shares for existing holders 2:1 @ Bt0.18/share, subscription from Dec 8-15.

SFT reaffirms big jump 2H from improving sales volume of shrink film & labels on reopen of F&B, eyes 30% earnings growth next year.

SVT: vending machines operator, Sun Vending Technology, debuts 200m shares @ Bt2.54 apiece, Phillip leads.

Comment: God damn it…we passed on this…decent pop and then it just kept rising through the day.

TFG’s subsidiary, Money Hub, debuts digital lending service via mobile app yesterday.

Comment: So a chicken and a pork producer is getting into the digital lending service…well…ok…watch them launch an NFT of a flying pig.

UBE sees solid growth momentum into 2H, keeps 20-30% revenue growth target, mulls jv and M&A to unlock potential.

XPG said subscription for Sirihub Token is overwhelming, offering 4.5% – 8% return p.a.

Comment: Fully subscribed. If it doesn’t tank – watch this space. Great way for rubbish assets to get a great cap yield. But eventually this make become the norm…

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