Government Saving Bank (GSB) to buy 48.59% stake in AMANAH from IBANK in a Bt2b deal, while playing down a JV with SAWAD in car title loan business due to high capital requirement and may endure up to 5 years of losses, Tabloid.
Comment: GSB are idiots. Amanah has no network, no franchise name, it’s nothing significant.
AWC to spend Bt200m to revamp Pantip Plaza with 30K sqm into AEC Trade Center-Pantip Wholesale Destination to become the largest wholesale center in ASEAN, by securing cooperation with large Chinese wholesalers.
Comment: Does this kill PLAT?
CKP’s higher productions at Xayaburi and Nam Ngum 2 may boost 3Q net profit up by 3,500% to Bt1.2b, with momentum into next year, Tabloid.
CHOW sets up a unit in Australia with AUD10m registered cap to explore alternative energy business there.
SPALI may report, on November 10, Bt1,150m 3Q20 net profit, +173% yoy, on 2 condo projects transfers, Tabloid.
TSR sees solid 4Q post raining season, mulls sales of ice-making machines to MINT and ZEN, while boosting sales teams to 300 by end of year.
Comment: Apparently they have the rights to install the ice-making machines into 3k Amazon coffee shops, imagine they get them all, and then the other players in the industry? Then again I have had q marks over this management team…