ANAN to refocus on selling ready to move in projects, targeting Bt16.6b presales this year, after booking Bt4.354b in 1Q, keeps Bt20b transfers, while revenues stream is supported by Bt30b backlog.

Comment: 1Q20 was a core profit loss…more pain to come in 2Q

BTS cuts holding in RS by 00807% to 4.9323% of total outstanding, SEC filing.

CPF sees strong 2H momentum from larger chicken exports volume to Singapore and China, will ramp up production to capitalize on foods shortage after US and Brazil hit by Covid-19.

Comment: Food shortages due to supply chain => inflation. Still think commodity plays are the way to go…

CPN cuts dividend to Bt0.8 from Bt1.3, to preserves liquidity to cope with unpredictable Covid-19 situation.

EA acquires tech hardware & auto product producer, NEX Point Parts (NEX), for Bt1.5b to exploit synergy to its EV business.

HMPRO have reopened its stores on May 17, while adjusting plan to open only 2 new stores in 2H20.

Comment: All the mothers staying at home will see things to improve in their households, I wouldn’t be surprised to see decent sales from HMPRO

ICHI upbeats 2H earnings following 1Q turnaround at Bt160m, +39.4% yoy from +5% domestic drinks sales yoy, higher associate incomes from Indonesia unit, will roll out functional drinks in 2Q to capture health conscious consumers.

Comment: And they’ve found a way to be profitable in Indo! Well there be a shift to even more healthy drinks, fruit juices etc

ITEL signs fiber maintenance project for Provincial Electricity Authority (PEA) worth Bt96m.

KTC mulls revising down credit card spending target this year, after -40% in April, pulling 4M20 down 7.6%.

ORI maintains 12 projects transfer target 2H20 worth Bt17b, firms on 2H launch plans 12 project worth Bt16.7b, aims to keep GPM within 39-40%, net margins 24-25%.

Comment: I keep wondering when this company will recap…or if we are just going to be seeing zombie property companies

PTT sees 2Q stock loss less than 1Q, expects FY20 oil price within US$30-40/bbl

TKN revamps production line to match demand, curbs opex & seaweed costs to boost margins, adds online marketing & seeking for US partner to expand snacks product in North America.

TU sees rising counterparty risk to its food services business as hotels, restaurants, malls severely impacted from suspension during lockdown. 

Comment: They’ll probably see a drop in volumes. Although part of me has a theory that volumes of goods transacted may not decline much but that the transaction price might. I.e. people trading down in the goods,trips,items purchased.

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