BCH upbeats 1Q revenue from surging Covid-19 test traffic at 100-150 cases/day, firms on plan to open hospital in Aranyaprathet province in May.
Comment: I think that most hospitals outside of BDMS and BH are going to do quite well. Although if factories are closed then perhaps you’ll see a drop off in the hospitals located near the key IE areas in Thailand.
BEM sees >50% drop in 1Q20 ridership, while BTS said passengers fell to 220K/day from 850K/day, as a result of state of emergency.
Comment: Even these “utilities” are suffering
CENTEL announced temporary closure of hotels in Thailand and 2 in Maldives in April.Comment: As have several other hotels
COM7 have temporarily shut down 256 branches, hurting revenue by 45%, while brokers cut revenue projections.
Comment: Will people finally stop wasting money buying new phones every year after this? Perhaps yes, but for how long?
SENA have no launch plan 1H20, aims to preserve cash & purge existing inventories, seeks opportunities to add landbank amid crisis
Comment: I have yet to hear of a bid for land in BKK
TQM sees better than expected 1Q20 result on strong covid-19 coverage sales, exceeding 1 mil, to revise up premium sales target from Bt15b set earlier.
Comment: They are minting it at the moment but for how long will it last?
TRUE announced share buy back up to 500m shares or 1.5% of paid-up under Bt1.5b budget from April 14 till October 13, pays Bt0.09 dps, XD April 27.
Comment: A pittance amount, but they have no cash so….does this make sense?
Seven domestic airlines to propose MOF for Bt16b soft loans for short term liquidity, urges airlines emergency package effective back dated to March 1 instead of April 1 till Dec 31.
Tris rating downgraded BEC to BBB from A-, negative outlook for CENTEL, MINT, DTC and GRAND from weak hotel operation.
Comment: Well obviously and they’ll be the last to upgrade the outlook