BBL: anticipates 2Q turnaround after loans shrink 1Q from corporate re-payment expects NII recovery from bancassurance and mutual fund business, maintain 4-6% full year loans growth target, Bt 20b LLP flat yoy.
Comment: They are the best bank atm….a race to the bottom for the industry?
BJC: sees positive earnings momentum 2Q from additional packaging order from new clients, strong consumer good sales and positive SSSG at BIGC hypermarket, will add 8 BigC, 1 BigC Food place and 200 Mini BigC this year, eyes 7-9% full year revenue growth target.
Comment: I am surprised to see this positive headline from BJC. Why? I don’t know where they are taking the market share away from, and I don’t see consumers spending more as a whole, unless this of course is tourism driven.
PTTGC & TU to report on Tue: Bt 6.18b & Bt 921m consensus.
SAWAD: firms on 20% FY19 revenue growth target, branch out from hire-purchase to secured loans and non-life insurance brokerage to balance revenue mix, set Bt 2b budgets to expand debt collection & NPL management services.
Comment: I am continually impressed by the rise of SAWAD and MTC. My viewpoint for these two firms is that they are effectively taking market share away from the loan sharks in each province, town that they expand to.
THAI: to sign JV Airbus to expand aircrafts maintain, repair & overhaul services at U-Tapao airport this month.
VRANDA: Veranda Resort debut IPO 75m shares at Bt 10 apiece.
Comment: So are IPOs a go again? First ZEN and now VRANDA had positive first openings.