BTS rpts FY19 (eo-Mar) at Bt2.87b -35% yoy, topped Bt2.79b consensus.
GUNKUL signs underground wiring pj worth Bt5.14b, lifts bcklog above Bt7b, eyes 30% rev grwth t/g.
MINT in 2-day wait after it appealed with AOT to reconsider its bid to manage commercial activities in Suvarnabhumi airport, but insisted that its prospects have not change if its appeal fails.
Comment: I’ll post something on this later today. But it’s not the end of the world for MINT and apparently they used their Food Group as an example of their retail knowledge…
MTC upbeats 2Q earnings from strong demand for credits on back to schools season, will debut motorbike hire-purchase in 2H, aims to curb NPLs below 2%, expts rec high prft this yr.
MEGA will launch 10-12 health supplement prods this yr, sets Bt1.1b capex to est plants in M’mar and Bangpu for capacity expansion, t/g 8-10% rev grwth this yr.
NVD anticipates solid turnaround 2Q frm transfer of Banyan Tree Residences riverside and Nirvana Srinakarin-Rama 9 SDH pj, Bt1.73b backlog to realize this yr, firms on 30% full yr rev growth t/g.
Comment: I was disappointed that management is slowing the sales of Banyan Tree Residences, it’s effectively THB 6 bn of revenue or some THB 2 bn in profit to be recognised, but it arguably makes sense to transfer units during the year to “smooth’ out earnings
PORT secured Bt368m from RO 92m shrs subscription, will use proceed for 3rd commercial port & cargo w/h expansion.
S expts big jumps 2Q from strong transfer of flagship pj, The Esse Asoke, and contribution from hotel oper in Maldives, will kick-off transfer The Esse at Singha Complex in 3Q, eyes Bt20b full yr rev t/g.
Comment: I still wonder if their management team and structure will be as efficient as central or minor group.
TBANK t/g FY19 lending for new car HP at Bt190b, t/g HP loanbook stands at Bt450b by eoy, aims to keep mkt share >30% of the market, NPLs below 1% from current 0.9%.
Comment: There is still the same thinking that one buys a car before they buy a home here in Thailand.