ALT reassures solid 2Q from recognition of Bt496m network hardware procurement projects for State Railway, upbeat 2H earnings from strong operation from internet bandwidth services subsidiary, International Gate (IG), as demand from CLMV surged following C19, expects to sign JV Malaysia partner Edotco Group and State-telcos, CAT, in 3Q, firms on 20% revenue growth target this year.

BAM expects bottom out 2Q earnings from Covid, maintain Bt12b budgets for debts acquisition this year, expecting to be able to add Bt40b worth of NPL & NPA by end of year.

Comment: There’s a massive amount of NPLs in the system….BAM, CHAYO, JMT are going to enjoy bidding for them in the next 12 months.

BCPG secured syndicated loan from 3 banks, Exim Bank, ICBC, and Sumitomo, supporting hydro project in Laos (114MW) and solar farm in Japan (87MW).

BGRIM expects to wrap up M&A 300mw local power producer within 4Q, eyes oversea opportunities to utilize Bt20b free cashflow.

Comment: The newest cookie munster in Thailand (first was IVL) continues on its acquisition spree. 

GPI sees 20k average attendances at BKK international motor show half way into a 2 week event, expects new vehicles booking drops 30% yoy to ~20k units.

Comment: I have tickets, yet to go, but a -30% drop isn’t a surprise. Frankly was expecting a larger drop.

MINT’s business on recovery path from mid-July, re-opened 370 hotels or 69% of port and expects 90% in September.

Comment: Watch the positive PR coming out from this co after the cap increase this month. 

MTL wins private fund license from SEC, will branch out from solely insurance to unit link products.

S cuts revenue forecast this year to Bt9b from Bt20b earlier, keeps Bt68b 5-year capex for residential, office and hotel business. In talk JV partner to expand solar business in Maldives, seeks to utilize existing properties.

WICE sees strong 2Q20 on seasonal from cross border trades and recovering electronics exports, keeps 20% revenue growth target this year.

Comment: This small logistics player has been making waves over the past few years. 

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.