AP: reported 9M20 at Bt 24b account for 72% of Bt 33.5b full year target, maintaining launch plan 10 SDH projects worth Bt 9.43b for, Bt 23.4b out of Bt 51.97b outstanding backlog (end of September 30) to realize in 4Q.
Comment: Is this what led to several of the property players to run today?
ERW: sees narrow loss 3Q from improves RevPar QoQ after hotels fully opened in August, higher OCC at budget hotel “Hop Inn” above 70%.
Comment: The question for these hotel players will be cash flow and ability to survive whilst the smaller competition goes bankrupt. Case in point APEX Plc is probably the next one to go bankrupt.