BLA teams up commercial vehicle hire purchase lender, MICRO, to offer loan protection insurance, life & accident insurances for MICRO’s customers.
HENG expects 2Q loan growth expand by 6-7% yoy from improved economic activities, tailwind from tourism and back to school season, seeks M&A to boost inorganic growth.
Comment: That’s not good enough for a company this size.
IRPC sees positive earnings momentum continue in 2Q driven by strong demand for fuel from aviation segment, higher chemical; sales volume on recovery demand after China reopen, absence of stock loss.
KEX in partner with All Speedy Co, a unit of CPALL, to expand its service into 7-11 nationwide.
Comment: Interesting development for KEX…they need to find ways to maintain market share as they are getting eaten up by Flash & Jet and their figures aren’t looking like they’ll improve.
SAWAD to repurchase 49% of auto title loan venture (Fast Money) from Government Saving Bank (GSB), at the same price sold to GSB (Bt306/share) total Bt1.5b,
Comment: They’re loving their role as the legitimate loan shark of Thailand, and they are absolute great at it!
SVI targets record high revenue this year above Bt30b, supported by strong electronic manufacturing service (EMS) orders, sees demand for system controller, auto micro electronics, wireless products.
Comment: K. Poe is the only fellow to have successfully done an MBO in Thailand, this was done in 2009 at 1.5 baht/share and it’s now @ 10, and he’s on his way to being bigger than HANA.
VPO sees turnaround 2Q supported by improved palm oil selling price on tight supply from Malaysia and Indonesia, draught impact.