CIMBT hire purchase unit, CIMB auto, cuts used car HP target to Bt10b from Bt18b from stringent credit approval, will submit petition for car title lending license, aims to boost FY21 revenue base from larger products portfolio.
EA sees stable 2Q earnings yoy, but cuts FY20 revenue projection to Bt15b from Bt20b, as covid had forced it to postpone delivery of 5K EV to next year.
Comment: Postponed delivery? Or no buyers for it? It’s a crap looking vehicle.
IVL acquires PET recycling plant in Poland, 27K tons/year capacity, targeting overall recycling products to 750K tons by 2025.
Comment: COOKIE MUNSTERRRR! I wouldn’t be surprised to see spreads improving next year for IVL, usual cycle…
OSP will add 2-4 products before end of year, sees improving market share of SHARK energy drink sales in Myanmar, seeks to boost brand awareness CLMV.
Comment: With the $hit around Red Bull, will play ditch them and switch to M150?
PTG upbeats 2H earnings from recovery gasoline sales volume from improving economic activities and inventory management, and healthy marketing margins at Bt1.85.ltr, expects momentum carry thru 4Q on holiday season.
Comment: The marketing margins are solid for all the players atm, volume growth is a q mark. This year and next year will be market share war.
RATCH to invest Bt1.6b to expand 30mw capacity at Ratch Cogeneration from current 110mw & steam-output capacity by 5.46 tons/h, target cod July 22.
SCB reports 1H20 new account opening for mobile banking app at 900k, +83% yoy, target 13m by end of year; BAY sees mobile transactions +41% yoy, new mobile account opening +410% yoy.
SEAOIL and Pan Orient (POES) delay trial run for proven reserves at L53AC-E EP field to next year as low oil price persist.
GSB launches Bt5b soft loan for those affected by covid, offering Bt50K max each with 0.35% interest rate.