BPP’s planned investment in 1,000MW gas PP in the US and another large one oversea in a form of JV, with <50% stake, will be concluded in 1H21, a few more clean energy powerplants with 100-200MW capacity planned by end of year.
Comment: Bam bam bam, natty gas. Great for the ESG story. But the earnings driver is coal prices, they’ve only doubled since the end of 3Q20…
CPN sees >10% revenue growth this year, on higher rental/occupancy rates, mixed-use projects in Sriracha and Ayuddhaya, sets Bt116b 5-year capex.
Comment: Entirely possible due to the Isetan moves. Rental incomes there will be 10x higher
IVL expects 12% revenue growth target, with recovery seen in all 3 core business, Fibers, Combined PET, IOD, will go ahead with Olympus projects, hoping to cut costs by $610m within 2023.
MINT’s firm on recovery this year, but will not reach pre-covid yet, Minor hotels is 68% operational, while Minor Foods is almost back to normal with 93% of restaurants open as of January 21, cuts capex by half to Bt5b, with Bt25b cash on hand, mulls selling of 4-5 hotel assets, raising Bt10-15b.
Comment: If they big boys have this problem, imagine what the smaller ones are going through, the WuFlu was THE extinction event of SME’s
PRAPAT anticipates solid 1H earnings as demand for cleaning gears & sanitation products grow on reopening of hotels.
VGI’s subsidiary acquired online/tele sales non-life insurance broker, Asia Direct (ADB), to add value to its digital payment service, Rabbit LINE pay.
Comment: They better move quick to utilise this network. Rabbit LINE pay should be the #1 payment platform, messaging, vouchers, discounts, social, whatever. It’s such a valuable asset.