AOT board to endorse duty free and commercial area bidding results at Suvarnabhumi today and may reveal larger than expected fees by the winner.

Comment: And boom, that shook the market up a fair bit today.

Energy minister turn down NGV subsidies extension request from NGV local traders and fleet operators as motorists no longer suffer as oil px declined, positive PTT; negative KIAT, CHO, SCAN, SKE, Wind Energy and Saraburi Truck sales.

Comment: It’s been well known that NGV is no longer a key policy for the government nor PTT

Bangkok authority (BMA) to kick-off Bt20b underground telecom cables projects in July, Bt10b fund from bank loans while remaining half will come from concession fees paid by TRUE which has been granted a 30 years concession to mgt the projects, after 80% of the overhead cable are underground, TRUE will charge rental fees from telcos and broadcasting operators who use the system, projects expects to complete by end of-FY21.

Comment: Ahhhhhhhhhh finally! Took them long enough, but ah well, looks like True will continue to receive a license to print money to save themselves. I wonder which co’s will be the sub contractors for this

TPIPP upbeats FY19 earnings from higher power gen capacity yoy at 440mw vs 290mw end of-FY18, expects to win 20mw waste powerplants from BKK authority upcoming announcement 3Q, will replace boilers at 3 power units to improve efficiency to 90% from current 70%

Comment: Fairly straight forward high dividend payer, but now we know all the risks from a potential change in government policies…

TFG acquires non-listed sauce & seasoning producer, Food Blessing (FBC), for Bt280m, aiming for wider mkt coverage and value addition to its food prods.

Comment: An interesting acquisition but small net impact on the overall business in the short term

  1. I wonder what foreign fund flows are thinking investing at a time the thai market is trading at expensive valuations and with an overvalued baht..

  2. Thailand can take advantage from an escalating trade wars between US and China.
    With QE, cut rates and cheap money again on the table, high yield stocks of thailand are appealing for international investors.

    • It’s indexing fund flow for the most part (or so I’ve been told) and at the end of the day, AOT makes up a chunk of the market and they’ll earn more from their Duty Free license/concession.

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