BGRIM to wrap up 4-5 M&A projects both at home and abroad, keeps 10-15% revenue growth target this year.

Comment: The cookie monster of the energy space in the region. 

BBL reports 4M20 mobile banking transactions +28% yoy from C19, target 11m users from 8.6m by end of year.

Comment: Now all of the banks have to figure out how to generate revenue from mobile transactions, otherwise it’s all just cost cutting of the branches. 

HANA: Aberdeen Std (TH) cut holding by 0.1171% to 4.9269% of total outstanding last Wednesday (June 17), SEC filing.

MAJOR: TRIS rating keeps rating unchanged at “A”, revised outlook to negative from stable.

Comment: So an incredibly negative outlook where the revenue for MAJOR is probably -70% this year, and next year perhaps still -50% from 2019, but still an A rating? The TRIS team should be sent back to training to understand cash flows…btw I like the management of MAJOR, an incredibly well run co inspite of the obvious industry threats.

ICN wins projects to install 850 MHz frequency band filter circuit for CAT worth Bt 1.84b, inks deal before end of-July.

QH maintained Bt8b sales target as sales pick-up after roll out virtual online sales to purge ready-to-move in inventories, target new launch 5 SDH projects worth Bt5b, curb costs to keep margins within 31-33%.

ORI maintained dividend policy twice a year, payout >40% of annual profit.

Comment: Accounting or cash profits? 

SAT sees 2H turnaround from JV signed with Shenyang Siasun Robot & automation (SIASUN) to expand automation system and smart factory business.

TIGER signed 2 construction contracts for Sirindhorn medical center and PTT community mall & gas station in Songkla.

TPLAS upbeats 2Q earnings from strong packaging sales from fast growing delivery services and wider margins as plastic beads price fell faster than products selling price, sees positive sales momentum on newly launch paper food container, B-Leaf, target 650k pieces/month, will add 1-2 products to boost sales.

TOP is confident of booking stock gains in 2Q20, sees no impact from ex-factory price cuts, as it is a free market.

Comment: And with oil prices below USD70/bbl, GRMs should continue to remain strong.

  1. TPLAS – good niche area for growth. But a tiny market capitalization = volatilit. Yesterday Sizzler gave me a heavy duty paper straw (kudos!). whoever grabs the market for replacing those despicable foam food containers and plastic straws that everyone uses, will do extremely well. oh for a govt decree banning styro. I see it all over the rural areas, inc. beaches.

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