A committee to nominate the BOT’s new chief will consider the qualifications of the 4 applicants on June 25, who will then be required to present their visions on June 29.

Comment: I filled out the application for fun, didn’t send it in…could’ve been amusing. Now seeing how poorly its being run perhaps I could’ve had a chance…

AOT released TOR for duty free pick-up counter concession for Phuket airport, bid submission from June 22-July 31, result out August 18.

Comment: King Power is going to be get a good discount on this

BOT asks banks and non-bank lenders to cut interest charge on credit card, P-loan and Hire Purchase by 2-4% effective July 1 till end of year, expects official before end of month.

Comment: Well if you think about it…an overleveraged CP Group can get financing for 2-4% but the average salaryman still pays 7-24%.

CHEWA signs agreement to sell 10 warehouse in Amata City IE Rayong for Bt450m, expects transaction completed within 3Q.

Comment: That’s probably all of their warehouses. Must be a dash for cash.

KBS’s filing for Bt2.8b infra fund under KBSPIF has been approved by SEC.
PM Prayut’s ordered a probe into MCOT president’s bid to give half the Bt3.25b compensation awarded for the recall of the 2600 MHz range to the broadcaster’s contractor.

Comment: Why not probe Prawit properly? Ah yes legally the military has now allowed for gifts to be considered loans and then be written off with the lender passes away and that million dollar gifts to politicians are now allowed.

PR9 sees less than 10% impact on revenue this year due to Covid, to open new building with 58 beds on July 20.

PTTEP target raising long term gas business port to 80% from the current 70%, expects to get greenlight from Myanmar for 300MW gas to power powerplants soon.

SAPPE’s board approved buyback up to 7.5m shares or 2.46% of paid-up under Bt 150m budget from July 1 till December 30, 20.

Comment: I’m not sure why they needed to do this…just pay out a dividend…plus the shares aren’t “cheap”

STA said tentative passenger range for Sri Trang Glove (TH), STGT, IPO at Bt32-34/share, final price on June 22, listing on SET early July.

Comment: Rumours have it that it’s a popular IPO… I have questions marks whenever Finansa syrus is the only underwriter. A good pop on the first day perhaps given the multiples that the Malaysian players are trading at.

SUPER to cod 550mw Vietnam solar before end of year, 421mw windfarm to cod FY21, expects rec high profit over next 3 years.

Comment: Up 5x from its low. Let’s see if the #’s are decent over time.

TFG firms on 8% FY20 revenue growth target, seeks oversea partners to expand distribution abroad, sees livestock’s price remained strong from healthy demand from Japan, EU and China, expects to cod new poultry plants within 2H21, will add solar rooftop to curb costs.

TOG said Covid had material impact on 2Q, sees 2H recovery on exports which account for 95% of sales, to launch new progressive lens, Zoul Drive and Zoul Play.

TRUE sold 300m share or 2.8% of DIF in overnight placement at Bt14.5-Bt14.8, a 6.5% – 4.5% discount to previous close, raising $139.4m to $142.3m.

Comment: True is broke! Though I’ve said it for …. 15 years now since I first looked at it. So I’m always wrong.

  1. TRUE/DIF sale that hit the SP of my DIF holding. Pon, when you say ‘broke’, do you mean True cannot make their debt obligations? If so, why not do a rights offer? As a holder of DIF, my concern is does True have the cash flow to pay for the rental of DIF’s towers?. tks! I must check out their cash flows. and yes, many here at TC would support your application for the BOT job (you masochist!) – you or Vic (‘you know what ticks me off?’) for BOT. what is it that Thailand, the good ship lollipop, is blessed with, that it manages to sail serenely thorugh today’s rough seas?

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