AP: K-ASSET raised holding by 0.1212% to 5.1039% of total o/s, SEC filing.
Comment: I find it interesting that now the news is reporting what the institutions are doing, are we going to see a situation in Thailand similar to the US that institutions become major shareholders as family’s reduce their holdings. Plus these announcements seem to have a positive impact on the share prices
BAM: K-ASSET raised holding by 0.3374% to 5.1635% of total o/s, SEC filing.
Comment: See above + BAM still has a greenshoe option in the IPO which is supposed to expire in a week or 2. AWC was the first to do this and their share price went nowhere, BAM’s on the other hand has performed decently.
BEM accepts deal to extend concession by 15 yr 8 months in exchange for dropping a lawsuit against EXAT, being submitted to Attorney General for approval next wk.
Comment: Mathematically this is positive for BEM
BOT’s expected to relax the LTV rules within this month, allowing up to 100% LTV, good for Props and Banks, Tabloid.
Comment: If true (which I doubt – a central bank changing their mind this quickly?) watch all the property names comfortably do +30%
GUNKUL to buy remaining 33% of Infinite for Bt780m from SUPER to take fully ctrl of 87mw solar farm.
IHL sets 20% rev growth t/g this yr, on rev recognitions of leather tanning (footwear) while in talks with 7 shoe brands from the US and EU.
JKN mulls to expand JKN-CNBC biz news online platforms to expand coverage 24/7 via mobile devices.
SUSCO m/t 50% dividend payout policy, upbeat FY20 earnings from larger profit sharing from Starbucks, KFC, SUBWAY, MEZZO & D’Oro café, to expand Lawson to boost non-oil rev, sets Bt500m budget to add stations to 270 from current 239 by eoy.
Comment: Performing admirably and yet the share price goes nowhere.
SPALI to launch Bt522m SDH pj, Supalai Bella Rama 2, focusing on real demand, pre-sales kick off Jan 18-19.
SVOA wins a 5yrs contract to lease 2,130 ADM recycling machines to Govt Saving Bank worth Bt1.565b.
SUPER to acquire Sri Naga Power preferred shrs for Bt290m, will take full ctrl of 36mw pp post transaction, announces Bt1.58b (USD51.15m) investment in 50mw VN solar pj in Phu Yen province.
UTP reaffirms big jump this yr from strong demand for paper packaging on plastic ban and wider margins on lower import costs of raw mat, thanks to strong THB.
Comment: Didn’t think about this, but yes if paper is a substitute for plastic, which it isn’t, but perhaps there could be a decent marginal increase in demand for UTP’s products.