AWC to be added to FTSE All World at close of Oct 17, estimated inflows of $48m, Kao Hoon.
Comment: Just funnymentals here.
KBANK appointed Kattiya Indaravijaya to succeed outgoing CEO Banthoon Lamsam, who becomes chairman in a reorganization after FY20 AGM.
NOBLE founder, Kitti Thanakitamnuay, sold remaining 17.66% (80.593m shrs) at Bt22.82 to Crowne and Thongchai Busarapan. Kitti will no longer have stake in co.
Comment: And that explains all the management transactions that occurred last week. What an exit for Kitti.
NWR & China Railway consortium sign construction contract from National Water Resources Office worth Bt716.24m.
PSH to presales Bt2.038b the Tree Pattanakarn-Ekamai Oct 19-20, highlighting Pruksa Living Tech.
RML unveils Bt62b worth of projects over 2-yr plan, sets Bt10b rev t/g in 5 yrs, plans 2 condo pjs worth Bt17b nxt yr, together with one A-grade office worth Bt10b.
Comment: I have huge questions marks over their ability to execute, of all the “high-end/luxury” players, RML doesn’t quite have the cachet that it used to.
SYNTEC in talk to buy hotel in Krabi for Bt300m, expects to wrap up w/in 4Q, aiming to increase rev from service apartment and hotel to reduce reliance from construction biz.
Comment: Getting ready to do their own REIT in the future?
SCN establish power subsidiary, Scan Advance Power, to expand renewable energy, t/g 10mw solar rooftop 1st phase by eoy.
TSE reaffirms solid 3Q from recognition of 5mw solar pj acquired in Aug, expects to wrap up M&A 50mw pp in Taiwan in Nov, aims to boost 100-200mw from current 155.94mw w/in 2-3 yrs.