BAY stops nano-finance services, Tao-Kae Tun Jai, aims to clear Bt43m accrued debt in portfolio from 2.8k accounting for NPLs of 11% from the segment, no plan to restart programme this year.
Comment: One bank out of this nano-finance, I wouldn’t be surprised to sell all of the commercial banks out of it. Expect to see the non-commercial players come and control this space instead.
BBL cuts rates by 0.225-0.35% in response to policy rate cuts yesterday, MLR to 5.25%, MOR to 5.875% and MRR to 5.75% effective today.
Comment: So what’s the cost of money today?
GGC anticipates solid 2Q driven by recovery crude palm oil price (CPO) after Energy Ministry urged EGAT to buy palm oil, expects higher sales volume of bio diesel & chemical in 2H on restarts.
GPSC sees growth momentum into 2Q on recognitions of 9 solar farms with 39.5MW capacity, also boosted by lower price of coal and gas.
PTT sees recovery in Oil&Gas business in 2Q, cuts capex by 10-15%, mulls issuing bond to refinance Bt26b of matured ones this year.
PTTEP cuts FY20 sales volume target to 363k bblpd from 390k, cuts EBITDA margin to 65-70% from 70-75%, capex by 15-20% from current US$4.63b.
Comment: And all this cutting => higher prices in the future?
RBF sees solid 2Q on rising orders, keeps 10-12% revenues growth target after raising production capacity, sets Bt140-155m capex for domestic and oversea expansions.
Comment: Even with those 2 silly hotels on the b/s this name still ran. I was frankly surprised, great business.
Finance Ministry will sell 3.17% of its stake in THAI to the state-run Vayupak 1 Fund, with the aim of stripping the airline of its state enterprise status.
Comment: And now we wait to see the shares suspended from trading.
WHAUP signs 2 solar rooftop contracts with Honda, 5MW in total, on track to reach 50MW target this year.