ARIP confirmed IT event schedule, Commart expo, on August 20-23, launches products showcase to accommodate new normal lifestyle.
BJC revised up White Group (WG) tender price to Bt187.67/share from 185.44.

Comment: Finally delisting WG? Given the free float is less than 7%….why not….although if I were BJC/WG I would look to use this vehicle to raise cash, simply sell out 10-15% shares in the market, and voila an additional THB 500 mn in cash to utilise, then do a par split in the coming years to increase the market value of WG, etc etc.

CKP sees recovery in 3Q from higher water flows from China, boosting Xayaburi powerplants’s capacity to 70-80% and also its 1st profitable quarter.

Comment: So the floods in China are positive for CKP.

DCC sees solid growth in 2Q on higher ceramic tile sales, and even better in 3Q on plan to open 2 new branches and new products.

NDR reaffirms bottom-out 2Q earnings from 45 days shut down at Malaysia subsidiary, Fung Keong Rubber, during March 18-May 4, impairment of assets to be booked in the quarter, sees utilization rate recovery >80% QTD from recovery auto parts orders, expects earning normalize 2H.

OSP founding member, Petch Osathanugrah, resigned from CEO, appointed to vice chairman of BOD. Thana Chaiprasit chairman of AIT to be acting CEO from July 22.

Comment: He’s more focused on his art gallery.

PLANB to record Bt200m revenue from 7-11 advertising management in 3Q, sees recovery contracts signed on out-of-home media and digital display, mulls revising FY20 guidance after report 1H earnings.

THAI defaults on Bt85.1b, account for 33.14% of total assets.
THAI’s arranged 3 flights to London next month targeting students, business people and foreign nationals stranded by the Covid-19 pandemic.

Comment: Well done Thailand, 5 months later and they’re now doing this. And like I’ve said since the bankruptcy route was chosen…file every claim you have…the planners/creditors will control the outcome of this.

TKN will add 1-2 snack products on shelf in 2H, expects recovery exports sales to China and US on holiday season, target higher revenue this year.

TQM teams up with insurance partners to roll out 5 insurance products covering domestic travel, accident, motor, personal belonging, flight delay to capitalize on domestic tourism stimulus scheme.

Comment: Has TQM gone out and taken the platform market for insurance products? Are they now the defacto go-to for people looking for insurance now?

WHA to sign 40k sq.m warehouse rental contract in 3Q, upbeat 2H from recovery utility sales, maintain 560 acres full year land sales target.

The WHO’s chosen Thailand and New Zealand for its documentaries on successful models of handling and curbing Covid-19.

Comment: NZ ok…Thailand…you know what I think.

  1. THAI default: are all the domestic banks (esp. TMB which i trade) exposed and if so, fully reserved?
    you had my attention, for a minute there, with the WHO news. I thought, great live rock is coming back to BKK.
    TRUE – don’t understand if they need to raise cash, why not do a sale/leaseback with more towers to DIF?

    • THAI – Probably yes. KTB is the largest from memory. 70% of the creditors are actually foreign firms.

      TRUE – It isn’t enough.

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