BBL sets 3-5% loan growth target this year, keeps NPLs below 3%, yet expects overall NPLs to continue to rise this year as the downbeat outlook for local and global economy persists, compounded by potential drought and THB’s strength.
Comment: No growth in Thailand. Indonesia is the place to be.
LH admits FY19 revenue to come in below Bt30b target, on weak economy and LTV rules, sets Bt33.3b target this year, secured Bt8-9b backlogs, plans 16 new projects worth Bt28.44b.
ORI expects Bt350m revenue contribution this year from 5 hotel development projects this year.
SCB’s insurance unit, SCB Life, debuts new health insurance prod.
STEC target full year rev >Bt37b +20% yoy supported by Bt88b backlog pending to realize till FY23, sees no more provisions from delay transfer of new parliament projects, expects to win additional contracts from Bt600b infra bidding this year.
TACC target 10-15% revenue growth driven by beverage sales via 7-11, new beverage prods feed to Muanchon Coffee, CP Fresh Mart, Jungle Café and Black Canyon, tailwind from San-X character products sales
Comment: I still wonder at what point will CPALL just kick out TACC and do their own products. Or would CPALL acquire TACC?
VGI’s logistic unit, Kerry Express (TH) signs exclusive partner with BBL to support online payment, cash on delivery service (COD) for e-commerce and SMEs small loans up to Bt2m credit line/applicant for Kerry members.
Comment: BBL is taking the market here. This is an incredible partnership for them.