BAY targets 3-5% FY22 loan growth, NPL <2.6%, teams up MUFG to expand corporate loans in ASEAN, no plans to set up jv on distressed assets management.

Comment: That’s because BAY has been far more prudent compared to other banks. If you look at what else MUFG has in the region, you’ll see how BAY benefits…

INSET sees bright prospect FY22 from rapid data center expansion & IT infra investments, expects to add more backlog from several EPC construction projects.

Comment: Two things 1) right industry and 2) realise that they have a decent recurring income business as well.

STEC’s firm on Bt33b revenue this year, supported by Bt110b backlog and expected Bt40b govt’s projects.

TIDLOR upbeats FY22 outlook from improved credit demand for HP & title loan, contribution from insurance sales as demand grows post lockdown & boost from installment services, tailwind from online sales, lower LLP yoy.

TOP anticipates GRM returns to pre-covid level at US$ 4-5/bbl, sees healthy demand for benzene & diesel on improving econ activities, absence of flights ban, expects FY22 avg crude px stay above US$ 80/bbl.

Comment: GRM’s are not going to (consistently) be at 4-5 unless oil drops back to 60

TWPC sees double digit growth in revenue this year, on higher demands for tapioca and vermicelli, new bioplastic biz 1st phase with 3,000ton capacity to launch Mar 3.

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