ASIAN sees solid 4Q20 on exports, boosting FY20 to record high, exceeding Bt8.4b target.
Comment: The amazing performance of their seafood & petfood businesses has stumped me.
FN reports 100k download of FN online shopping app following debut on February 2, expects FY21 turnaround from larger network via Shopee, Lazada, FB, Line and mobile app, target full year online sales >30%.
Comment: Then watch their margins be squeezed.
KKP teams up Generalli to expand insurance products, KKPGEN, aiming to boost fees from bancassurances.
Comment: As if this country/city isn’t overinsured already
MGT in talk to buy cosmetic chem compound manufacturer, expects to wrap up within 1H.
Comment: Small player expanding capacity
RATCH sets Bt10-15b capex for this year, to wrap up M&A of 245MW PP by end of year, and target to add 350MW of capacity from alternative energy PP.
TOP reassures big jump 4Q20 from recovery GRM qoq, +270% to US$ 3.7/bbl, wider Px spread +3% qoq to US$146/t, Benzene spread +375% qoq to US$ 114/t, stock gains, Bt5.5b gains on disposal of GPSC to PTT and Bt2.4b Fx gains.
Comment: QoQ, YoY numbers are just going to keep looking better.