ASIAN sets Bt400m capex to revamp foods production line and debottleneck capacity, aiming to boost profit margins from higher productivity, efficiency, lower SG&A from less labor costs, eyes M&A pet food producer to boost inorganic growth.

Comment: Their Pet food business has been the key driver for the past 1-2 years.

GGC reports cod of refined glycerine plant 2 capacity 20ktpa on December 1, demand healthy demand from sanitizing products, drugs and F&B segment.

IIG: Viriya insurance raised holding by 2.5% to 6% of total outstanding last Friday (November 27), SEC filing.

Comment:  Given the dearth of IT plays in Thailand, this is one of the few. But you’ll have to pay for it.

ITD wins 37.45km BKK-Nongkhai phase 1 rail projects worth Bt9.84b.

Comment: What panther news?

SPCG board approved plan to issue 2-year bond worth Bt40b.

SEAFCO sees weak 4Q20 qoq, pulling FY20 revenue below Bt3b, but confident of adding on to Bt2,329m existing backlog by targeting Bt5,646m worth of projects it plans to bid.

Comment: And their valuations are returning to “normal” levels again.

SIMAT: NBTC approved inspection of urban broadband projects (Zone C), will recognize Bt1.47b revenue over 5 years under 10 times payment terms every 6 month from June 21.

SPALI sees better performance next year on econ recovery, plans 30 new projects, mostly horizontal, hoping for faster revenue recognitions, mulls expansion overseas.

Comment: The housing market hasn’t grown forever, just a shift in market share and with Pruksa and several other smaller nonlisted players not launching like they used to, SPALI’s taking up market share.

TPIPP reaffirms solid 4Q from higher power gen efficiency on replacement of new boiler, improved demand from cement plant on recovery construction market.

Comment: Perhaps the day corporate governance fears surrounding this company dissipated it will trade in line with peers.

    • there’s a historically negative viewpoint on the major shareholder.

      if you just search online you’ll see. Personally, I think he’s just clever and did what all the other major players did.

      Though the management/board has misguided the market 1x regarding potential projects, i.e. stating high dividend payout and then choosing to invest in a project instead.

  1. yes I had noticed a lot of “uncertainty” around time of dividend payments, I was worried about some more serious matter, thanks Pon, as always.

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