ASIAN reaffirms positive 2Q momentum from recovery demand on pet foods, frozen seafood as shops and restaurants reopen, upbeat sales on frozen crispy fried seafood, will add more products to boost margins.
CHAYO branches out from debt management & collection services to telecom sale & call center services to maximize existing resources and social distancing trend, will add more NPLs in portfolio in 2H as banks purge Bt550b NPL.
Comment: I think we’ll see 2021 being the year that firms like CHAYO and JMT can acquire massive amounts of debt.
ORI sees presales and transfers in 2Q on par with 1Q, keeps plan for 14 new launches worth Bt20b, while Bt12.2b of Bt40.1b backlog to be booked this year ORI reports 4M20 sales topped Bt8b, maintain Bt21.5b full year sales target.
Comment: They’re brave.
PTTGC to seek shareholder approval for Bt128b bond to help preserve cash-flow over next 5-yr.
TRIS downgraded THAI rating to C from BBB, outlook negative.
Comment: C? Not F? These rating agencies are absolutely useless…