BANPU upbeats 2H earnings from higher coal sales volume and selling price on improving econ activities, sees more upside to coal price from restocking ahead of winter.

Comment: If was a pure coal play I would be in it.

BBL: SSO raised holding by 0.0118% to 5.0097% of total outstanding last Friday, SEC filing.

BJC scales back FY21/23 capex plan to Bt5-6b p.a., focusing on Mini BigC and BigC hypermarket in CLMV, bottling and packaging business to capture indirect benefits from recovery consumptions.

Comment: Oligopolies deciding to pull back on spending => slower economic growth

FTE appointed by DELTA to be distributor of data center cooling system.

JMT will add Bt6b bad debt before end of year, to add Bt10b in FY21, sees more to come as sour loans accelerate post moratorium, reaffirm ATH profit this year.

Comment: Banks are dumping debt to firms such as JMT faster than the BOT wanted them to.

MC sets 10-12% revenue growth in FY21 (July 20 – June 21), sets Bt400m capex for new warehouse and M&A.

Comment: A refocus on its core business has been positive for MC instead of trying to be a multi-brand multi-product business.

MICRO: Micro Leasing, used car HP lender, debut IPO 235m shares at Bt 2.65 apiece, ASP leads.

Comment: IPO fever is back and I’m happy to see the retail punters back in the game.

PTTEP may report Bt5.9b 3Q20 NP, +36% qoq, on higher production and ASP, Tabloid.

SC’s confident of Bt17b presales, after booking Bt11b 9M20, +38-40%, plans 4 new projects worth Bt5.9b in 4Q.

SCI expects to win at least 80% of current bidding Bt500m of telcos and power towers order in an upcoming announcement in November, sees positive momentum 4Q from Bt1.2b backlog pending to realize, reopening Myanmar plant in October after disrupted by Covid, expects more projects to come post Myanmar election in November, seeks to expand renewable energy portfolio & EPC contract to balance revenue mix.

Comment: A mini regional player for contractor work.

TRUE is to sell another 3.28% of DIF in 4Q, after selling 2.8% or 298m share yesterday in PP @ Bt13.5, to be used as working cap, while asset manager insisted on maintaining yield, which is expected to be 7.5%, Tabloid.

Comment: Thats THB 4 bn. A large number, but compared to their debt load……this probably helps to pay some interest, I’m hearing in the business circles that TRUE delaying payments to suppliers.

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