ERW sets Bt700m capex for 10 new hotels in Thai and Philippines.

Comment: That number doesn’t make sense. THB 70mn/hotel?

KTC reaffirms record high profit this year, despite difficult 3Q, to sell Bt800m worth of bad loan port and focus on secred loans.

Comment: As long as people are paying the minimum amount then they are good debt and KTC is making bank on it.

IMH targets becoming a leader in one-stop services for covid test, launches saliva ATK, retails at Bt365, boosting 3Q sales to Bt250m.

MINT cuts this year and next investment budget by 52% and 34% to Bt5b and Bt6b to boost liquidity. Food business has been affected by lockdown at home, but sees pent-up demand to boost occupancy rates for hotel in Europe. MINT owns, operates or invests in 520 hotels in 55 countries and has 2,300 restaurant outlets in 26 countries

MTC raised title loan rate to 16% from 15%, sees strong demand for credits during pandemic, revise up full year loan growth target to 30-35% from 25% supported by recovery credit demand from agricultural sector.

Comment: This brought up the whole sector yesterday/today. If MTC wanted to, they could double their loan book today. Demand is huge, quality is a question mark.

OISHI expand food truck unit & standalone outlets to fight Covid curbs, mulls tapping in tollway rest area & gas stations to capture traffic & flexibility for delivery services.

PR9 sees strong 3Q on seasonal, with double digit growth, momentum into 4Q from 70K doses of Moderna vaccines.

RS cuts revenue target this year to Bt4-4.4b from Bt5.7b set earlier, due to covid, mulls new products in 4Q and to start revenue recognition from Specialty Holding in 4Q.

Comment: That’s a disappointment, they’ve become a mini conglomerate of sorts, I do wonder when they’ll list their debt collection investment.

SIS upbeats 2H earnings from data center & cloud services, mobile & IT supplies sales, growth from cyber security business, mulls tap in digital transformation business for education.

TASCO was implicated in a money laundering case in a criminal complaint against a U.S. businessman for violating US sanction on Venezuela. TASCO fell 2.59% yesterday and -5.5% past 3.

Comment: But the company reported in the morning that they were not named as a defendant in the US court filing.

  1. Comment 24/08
    A friend mentioned that ERW could develop those hotels at that price, should 1) the locations be off the beaten path 2) materials remain low priced 3) # of keys ~70-80 and be successful as they can utilise their brand network to fill up the rooms.

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