BTS firms on plan to cod north green line extension Saphanmai-KuKhot in 4Q as light traffic allows construction to get ahead of schedule.
CPF sees missing earlier growth forecast of 8-10% this year, cuts capex by half to Bt10b.
Comment: If every corporate is cutting capex => less spending => less growth
ILINK announced buy back up to 40m shares or 7.36% of paid-up under Bt200m budgets from April 23 till October 22.
Comment: Boom another sharebuyback!
INSET upbeats FY20 earnings from healthy demand for fiber installation services from WFH policy, more projects to come later this year from 5G expansion.
KKP sees loan demand surge from property developers as majority unable to raise funds from CD, will lend only to projects near completions, no projects finance approve for new condo and commercial property construction 1H20.
Comment: A lot of property co’s can’t roll over their BE’s (outside the top 10 players)
LHHOTEL, LH’s REIT unit, announced to temporally shutdown of Grand Center Point Terminal 21 until May 15.
Comment: I wonder how long it will take for hotels to pick up, I still place a high probability that hotels will be back to normal in 12 months (for the listed names, single asset operators are ufkced.
PTT on capex revision for entire group as oil rout bite earnings, will reveal figures next month, keeps CFP projects for TOP, cracking unit upgrade for IRPC and PTTGC projects in EEC.
Comment: See CPF
SINGER reaffirms solid 1H from strong direct sales as Covid-19 hit dept stores, sees healthy demand for air condition and home appliance as majority stay home, tailwind from consumer credits to boost earnings.
Comment: And they have started to enter the same business as MTC and SAWAD.
SIRI target launch plan for 12 horizontal projects worth Bt15.2b (6 SDH & 6 TH), maintaining Bt29b full year sales target, Bt49.5b backlg to provide cushion.
Comment: They have a lot of empty condos at the moment