ANAN target Bt8b transfer in 2H from completion of 5 condos projects total Bt21b, 7 ready to move in projects 90% booked account for Bt20b.

Comment: The question for prop co’s have been 1) GPM impact 2) Shift to low rise vs high rise and how they’ll manage this.

BCPG & TEAMG win district cooling system for Chula Smart City under a 20 years contract, expects Bt7.5b return from projects.

CENTEL expects sharp rebound next year from Bt861m loss FY20 street forecast, hotels & QSR should turn profit next year, Tabloid.

DCON in talk JV domestic developer, seeks to expand downstream from building mat to property developer, finalize deal before end of year.

GULF bought envelop for 35.86km Orange line MRT (Bang Khun Non-Min Buri) projects, lifting total to 9 bidders, State Railway.

Comment: Cap raise announced yesterday. I think its quite clever, just take advantage of the current high valuation to raise equity.

KBANK co-president, Predee Daochai, may become new Finance Ministry, GPSC director, Supattanapong Punmeechaow, Energy minister, as PTT ex-CEO, Pailin Chuchottaworn turned down.

KBANK launches mobile app, MAKE by KBank, adds 3 new features Bluetooth money transfer within 10m range without using telecom no/ QR code or account no (Pop Pay), Chat Banking and Cloud Pocket for personal & group saving & spending management.

NWR signed Mae Klong river bridge projects for double track railway Nakhonpathom-Hua Hin section 1 contract worth Bt267m.

PTTGC says worst is over, sees recovery in 2Q demand in petrochemical, with 5-8% capacity growth this year.

TQM mulls paying interim dividend & M&A, seek shareholder approval after earnings announcement in August, considering PAR split to boost free float as founder currently holding 60%, insurers 12%, institution 10% and the rest retail investors.

Government Saving Bank plans to venture into non-bank business lending, hoping to bring down the lending rate to 8-10%, offering 3-month moratorium. MTC, SAWAD, KTC are dominant players in the segment.

Comment: This was in the news yesterday evening, hence today’s negative action amongst the non-bank fincos. However I don’t see GSB being competitive versus MTC and SAWAD.

Duty-free retail giant King Power expects sales to plummet by 50% this year to about Bt90b, due to the pandemic.

Comment:  I was expecting far worse #’s tbh.

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