BCH expects windfall from Social Security Office’s plan to offer members age >50 to recover quadrivalent influenza vaccine cover A/H1NI, A/H3N2, B1, B2, Bt450/shot announcement mid-October, valid from October 15 till Dec 31, expects Bt450-500m contribution from the campaign.

GULF’s capital increase seen 1.26X oversubscribed, collecting Bt32b in fresh capital, keeps Bt110b investment plan for next 4-5 years.

Comment: Which is incredible, though I’m wondering why would they buy INTUCH if there are supposedly so much investment opps available. 

IVL reports resumption of integrated oxides chemical plant in Port Neches, TX, no damages from Hurricane Laura.

MTC yet to decide if it would join GSB in its car title loan business, as MTC is already a dominant player in the segment.

Comment: GSB’s gameplan is to offer a 2% interest loan and make title loan players cap rates at 18%, so this is only for cars and trucks, no bikes….so its probably going to a smaller player that will be pumped up.

NER reaffirms 30% FY20 revenue growth target >Bt17b, will sign rubber sales contract w/ JPN client in 4Q, expects FY21 utilization rate reach full capacity 465ktpa.

NWR to book 25% of Bt36.9b existing backlog this year, eyes bids in Bt55b infra projects, expects to turn profitable this year after Bt47m net profit in 1H.

Bank of Thailand do not concerns about a possible deposit run after pro-democracy demonstrators called for a boycott of SCB, where HM the King is a major shareholder.

Comment: The potential for discovery of dirty money moving through the banking system in Thailand is a biggest risk than this….

SCGP tentative IPO price range ~Bt33.5-35/share, final announcement on October 8, expecting to replace TCAP on SET50 as market cap surpasses Bt150b, Tabloid.

SMPC upbeats 3Q earnings from strong cooking gas cylinder sales from healthy demand for home cooking, mulls tapping in Latin America & Africa market, expects margins within 10-15% range as steel price drops, eyes 30% sales volume growth target above 7.3m units.

Comment: You’d be surprised by how well this company is performing. But a strengthening THB is a risk.

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