AP sees Apr-May presales at Bt7.8b, lifts 5M presales to Bt18b, account for 32% of Bt58b full year target +15% yoy.
BTS is optimistic on getting Bt20b overdue payment from BMA after BKK Governor prepares to seek approval from board in early Jul.
Comment: It is legally owned to BTS…the BMA has to pay up. They’ll probably negotiate to remove the interest…
BTSGIF reported May MRT riderships at 15m trips, +7.7% mom, +43.4% yoy.
Comment: Your Work from home dreams are dead, accept it. If not, you’re the next one fired.
CPF sees total revenue to rise 7-8% to Bt610-620b this year, on international business, especially the Philippines where its animal feed business is growing.
Comment: The question for CPF is purely on the margins now.
KTC mulls revising up full year card spending growth target to 15% yoy from 10% prior, bottomline >Bt7.07b, loanbook +15% yoy, aims to curb full year NPL to below 1.8% from current 1.9%.
Comment: Lot’s of customers paying high interest at the moment.
LEO appoints PWC as FA to conduct due diligence on a chemical logistics, SG-HK-CH routes, sets Bt150m capex for this M&A.
SAPPE in collaboration with Power Root Bhd (PWRT MK) to capitalize on each other strengths, bringing French Roast instant coffee to Thai market.
STARK’s entering an arbitration dispute with German firms Leoni AG and Leoni Bordnetz-Systeme GmbH, which claim Bt608m from the company, citing a violation of their sales and purchase agreement.
Comment: Oh THIS IS BECOMING AMUSING AS F. The previous management and Board f’ed up, and now the current Board are stuck with cleaning this up. This is a move to protect themselves from shareholders as it’ll prove in court that they are trying their best to protect shareholders.
TKN maintains 15% full year sales growth target, seeks to expand market share in the U.S. from large snacks market, will revive Taokaenoi Land kiosk to capture sales from international travelers, target 5 outlets by end of year.
Comment: There could be a sustained improvement in net margins here due to the new factory setup.
ZEN’s expanding into ready to eat meals, part of effort to strengthen its business over the long term.