AMA in talk 2 logistic partners to expand from Oil & Gas transports to industrial logistic, expects big jumps 3Q from larger average tanker size yoy from 13k tons/trip to 15ktpt, positive momentum from onshore logistic as PTG & AIE increase shipment of gasoline and B100 transport, will add 60-80 oil trucks in 2H after added 25 vehicles YTD, to capitalize on high seasonal in 4Q.

APEX announced RO 3.99b shares 1:1 at Bt0.1 apiece, will use proceeds to fund Sheraton Grand Bay Residences, Ao Por, Phuket.

Comment: What timing…

GPSC treasury unit wins permit from BOT to manage FX, on/offshore funding, international transaction to accommodate expanding power investment portfolio.

IRPC sees solid 2Q20 earnings as market GIM reached $8-9/bbl, firm on 2H recovery on lack of stock losses and higher selling price of petroleum and petrochemical products.

JKN upbeats 2H earnings as DTV channel shifts from self-content production to outsourcing to curb costs, sees upside from fierce competition in TV industry as operators seek ways to boost margins, Bt300m backlog pending transfer to clients, eyes 10-15% full year revenue growth target, will move from MAI to SET in 4Q.

Comment: They have been “upbeat”  since the IPO and despite decent profit growth numbers, its been nowhere near expectations.

JMT may report record high 2Q profit at Bt210m, plans to acquire up to Bt4.5b of bad debts p.a., Tabloid.

Comment: Just wait and see how much bad debt they’ll be able to buy next year. It’ll be YUGEEEEEEEEEEEEE.

MCOT is going through a liquidity crunch but is not insolvent, says a source at the Finance Ministry.

Comment: They aren’t far away from it. Rubbish TV channel, poorly managed for a decade etc etc..

OSP launches healthy snack, C Vit jelly, to expand coverage demographic segmentation, expects wider margins yoy as functional drink tax cut to 3% from 10%.

Comment: It’s a functional drink war out there. 

SIRI reports Bt25.2b record transfers in 1H20, +152% and account for 60% of its full year target of Bt42b, sees strong momentum into 2H transfers of 5 condo projects.

Comment: They are dumping prices left right and center. 

SUSCO sets Bt300m budget to add retail stations, target 270 branches by end of year, plans to add 20 Lawson this year to boost non-oil revenue, seeks partners to expand power business.

Comment: The B grade version of PTG, but with the added benefit (or now headache) of the holding in BAFS

TVO may report Bt518m 2Q20 profit, +85% yoy, on lower raw material costs and higher market share in food business, Tabloid.

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