AOT’s current duty free operator, King Power, awarded a 11-years DMK airport duty free management concession from FY22-FY33.
Comment: Well that was quick
BBL to compete with Sumitimi Mitsui Financial for StanChart Indon.
Comment: No more growth nor NIM expansion left in Thailand, Indonesia does look like a far better bet for the next 10-20 years.
BTS bot 12.5096% of HUMAN on Mon (Dec9), SEC filing.
Comment: Perhaps BTS should be called the new cookie monster given their acquisitions in Thai equities in the past 2-3 years. VGI, NOBLE, MACO, HUMAN, RS. This is just from memory…
KBANK said BOT’s refinancing scheme to help credit/cash card customers with good payment record to affect profitability next year, while other fees are being curbed.
Comment: Voila…more pressure on local banks
KTB said to miss 5% loan growth target set for this year, after only achieving 3% 11M19, sees steady SME loan growth, keeps monitoring NPL level.
Comment: Unless there is another major local infra project pushed through (all delayed by multiple years now) KTB’s #’s are going nowhere.
MONO inks deal KR partner, SBS, to share and jointly develop content for MONO29 DTV channel.
NOBLE target 5 new residential projects worth Bt10b, Bt3.5b hi-end projects adjacent to Ploenchit intersection under JV HK land begins construction 3Q20, 40% of Bt18.6b outstanding backlog to realize next year, sets Bt3b budget to add landbank.
Comment: I’m curious to see how this plays out..
PR9 will miss this year 15% revenue growth target, but sees solid 4Q19 on rising IPD, expects FY20 revenue to exceed Bt3b on plan to hike medicine and medical fees next year by 2-3%, target cod new IPD building within 2Q20, in talk hospital partners to sign referral contract, aim to boost int’l patients to 20% from current 16%.
PTT said no interest in Tesco, no expertises, will stick to plan to list PTTOR, its retail arm, in 2H20.
Comment: That’s one potential buyer off the list. Looks like Central Group has the b/s for it, but Charoen and CP are hungry for more assets/land/control…when is this anti-monopoly act going to be enforced?
SEAFCO obtains 7 new foundation projects worth Bt222m in December.
SHR sees profitability next year from net loss this year, as it target 60% revenue growth next year, on full year contributions from 2 hotels in Maldives, mulls JV with EWD Myanmar to invest in a 3rd hotel in Maldives.