BAY’s card unit, Krungsri Consumer, mulls to cut card spending target after 1Q drops 12-13% yoy from shutdown.

Comment: Two things….either 1) you will see an increase in loans/cash loans/credit cards because of people’s need for cash but this will be combined with weak payback or 2) No spending, further downside in consumer spending

CHG scraps 10% FY20 revenue growth target as foreign patients drop from lockdown abroad and lower local traffic following emergency act (potential downside risk to DBS forecast)

Comment: Just imagine what will happen to BDMS and BH…

LPN postpones launch plan of 8 projects after only 1 was launched in 1Q, aims to purge Bt10b inventories and transfer Bt3.9b backlog, will revise down FY20 revenue & sales target from the virus.

Comment: Their 1Q20 presale #’s were better than most expected¬†

NWR urges government to provide remedy package as construction time shorten by curfew, plans to bid for additional projects combined Bt30b, Bt8b out of Bt26b backlog to realize this year.

TPIPP delays construction of 3 boilers due to the outbreak, in talk to buy 70mw coal-fired and RDF plant, sees revenue no less than FY19 yoy from 440mw capacity on hand, will participate 400mw community waste to energy projects (Nakhon Ratchasima & Songkhla) once re-scheduled post crisis.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.