BANPU acquires 37.6mw VN onshore windfarm projects for Bt2.065b, power to sell to authority under 20 years PPA (cod-ed Apr 19), transaction to complete in 4Q.

BTS expects cabinet to approve green line O&M concession extension by 30 years in exchange for Bt100b debts in an upcoming cabinet meeting tomorrow.

INTUCH 2Q due Wednesday (Aug 5), Bt2.33b consensus, ADVANC to report Thursday (Aft-mkt), Bt6.47b consensus.

IVL reports lightning strike at 440ktpa US olefins facility in Westlake, Louisiana, plant current offline & being assessed, fully insured.

JKN sees solid growth in 1H20, boosted by strong 2Q. Proceeds from Bt400m bond will be used to expand business opportunities in ASEAN.

MAJOR branches out to live streaming concert and event organizer to utilize existing resources and reduce impact from shrinking tix sales.

Comment: And the news that AMC agreed with Universal to reduce the theatrical window to 17 days => a massive threat for MAJOR (35% of revenues come from ads and concessions)

M to focus on cost control & profitable restaurants, scale back loss making branches, expand logistic business, M-Chainco, to capitalize on existing distribution center, will add Laemcharoen Seafood upcountry 4-6 outlets before end of year.

A ferry operated by RP capsized off Koh Samui on Sat, one confirmed dead and 4 still missing.

Comment: Will businesses reduce their operating capex to save cash => leading to accidents/deaths?

STANLY net loss 1Q (end of-June) -Bt184m vs Bt334m profit 1Q19, poor econ of scale of auto lighting productions, weak sales during lockdown, employee expense hurts earnings.

THAI’s confident of getting court approval for its rehab plan on August 17, hoping to complete the process in 3-5 years if it wins backing to lead the rehab plan.

Comment: I should post about the rehab process…..ignore whatever the BoD and management are saying. Power belongs to the creditors.

TMB, SCB and KKP are expected to set more LLP in 2H20. KBANK’s well covered, while BBL has the highest coverage ratio, Tabloid.

Comment: SCB are lying.

UNIQ wins 3.7km Bang-Sai water-distribution canal projects in Ayutthaya province worth Bt2.75b.

Comment: Wow! Government projects are finally moving!

Deputy Permanent Secretary Industry Ministry to submit proposal auto recycling incentives to cabinet, aiming to replace 1m old vehicles by end of-FY21 to reduce pollution and stimulate auto industry, Dailynews.

Comment: This would only drive the industry if the government guarantees a price for recycling the old vehicles to then be used as downpayments for new vehicles…

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