CPF’s founding family, Chearavanont, ranked 21th in the world richest family, highest among Thailand, with assets worth US$30.7b, Bloomberg.
GUNKUL sees earnings bottom-out 2Q, 60mw Vietnam solar able to offset power equipment trading and underground wiring projects delayed from lockdown, expects solid turnaround 2H from JPN & TH solar high season, resumption of infra construction, will start to realize revenue from Bt4.2b underground wiring projects from 4Q onward.
ORI target transfer 8 condos projects in 2H, maintaining 12 new launch worth Bt17b for rest of year, expects record high profit from accelerated transfer in 4Q.
MTC secured Bt4.958b soft loans at 2% from Government Saving Bank, fully provided for under TFRS9 with 200% coverage ratio. It may report Bt1.25b 2Q NP on August 11, +22% yoy, Tabloid.
Comment: Players like MTC are the only institutions that are currently providing (legal) liquidity upcountry.
NOBLE reaffirms Bt10b revenue target this year, supported by transfers of Bt7-8b backlog in 2H and stock sales of Bt3b. Just launches Bt1.2b New Noble Faichay-Wanglang.
Comment: Hmmm…….lots of question marks around the ability of this co to transfer.
SMPC reaffirms big jump 2Q from strong cooking gas containers sales supported by WFH, lockdown, higher LPG usage volume from low gas price, healthy margins on low steel price and windfall from tradewar as US shifted import away from China.
Comment: If its a massive 2Q don’t be surprised to see this name closer to 20.
SPALI upbeats 2H earnings from completions of 4 condos projects in 2H, expects 2Q20 to be the worst quarter.
Comment: They themselves have been shifting more towards SDH’s
TMT: Toyota Tsusho (TH) withdraw legal case on disputed steel purchasing contract, dropped Bt173.5m compensation claim.
TH DTV association veto on NBTC plan to reshuffle channel numbers by grouping by network as alteration would create confusion among audiences, hurting rating and ad revenue, unfair treatment to DTV operators that spent Bt50b bid for Channel number at first place.