BEM extend MRT operating hours 6am-11pm for Blue line & 5:30am-11pm for Purple from Oct 16 as curfew shorthened to 11pm-3am vs 10pm-4am prior.
BCP: Social Security Office raised holding by 0.0552% to 15.0391% of total outstanding on October 12.
BEYOND sees demand picking up ahead of November 1 reopening, especially at two luxury hotels along Chao praya river, plans Bt1,500m new projects in Sathorn area next year.
Comment: The family have done well for themselves, extraction capital from PDI (former name of BEYOND) and now using what’s remaining and debt from the plc to expand into new projects…
GPSC forms venture with Combined Heat & Power Producting co, (CHPP), EXIM Bank, Neo Clean Energy and TH Greenhouse Gas mgt org (TGO) to launch turnkey solar rooftop/floating for biz operators under Solar Orchestra projects, registered participants will recover carbon credits for BOI privilege, target 100mw by end of FY22.
HENG: used-car HP lender, Heng Leasing Capital, debuts 800.84m shares @ Bt1.95, Kasikorn Sec leads. KBANK holds 10% stake.
Comment: It was a great first day pump for this small name.
IMH mulls taking over 1-2 more hospitals, listing of Prachapat hospital on SET next year, and opening of Post-Covid center.
MBK to open Donki mall mid-December, expects traffic reach 95-100% on holiday season.
MTC sets up Muang Thai Pay Later, to expand property HP business.
Comment: They want to be landlords.
NRF paid Bt60m for the remaining 51% stake in GTH, hoping to be leader in hemp business, sets up holding co to manage associated firms.
Comment: Found this to be an odd development given that the founders of GTH are closely linked to BJT. Without the founders on board would this lead to a weaker domestic market position?
SAMTEL’s unit, Samart Communication Service, wins telco projects from National Telecom (NT) total Bt490.46m.
Thai Life Insurance to sell IPO up to 2.384b shares account for 20% of paid-up, KKP & Nomura co-lead underwrite
Comment: Perhaps a bit too big to be a decent pump.
TEAMG signs 1-2 construction consultancy contracts total Bt200-300m in 4Q, lifts backlog >Bt3.6b, expects positive momentum continue on reopening.
UBE in talk partner to expand tapioca flour, aims to branch out from ethanol business to household consumption, will launch gluten-free flour early next year.
Comment: Curious if this name will be an agri winner over the next 1-2 years.