KBANK will likely revise financial target this year after the bank’s research unit estimated that the economy will shrink 5% in 2020 amid the pandemic, said CEO.
GULF to propose par split from Bt5 to Bt1 at AGM today.
Comment: This was announced a while ago, and we wonder if the retail trade for this is still existent, i.e. the number pops post stock split
ITEL sees revenue jump this year above Bt2.4b driven by surged demand for BB services and EPC network projects on the back of WFH policy, will bid for 5G expansion projects and telecom health projects from NBTC this year.
Comment: This name would be 2-3x higher if the government was not so slow and incompetent at handing out projects…
JKN upbeats 1H earnings from strong contents sales as DTV channel boom during curfew.
Comment: They haven’t met any target since IPO
LH: Social Security Office raised holding by 0.0669% to 5.0335% of total outstanding on April 2, SEC filing
ORI reaffirms transfer target at Bt14b this year, including 4 JV projects worth Bt9b.
Comment: Such a target reminds of the song “Dream dream dream” by the Everly Brothers
UREKA wins 2 tap water sales contracts for Provincial Waterwork Authority combined worth Bt1.04b.
Comment: That’s a nice little cash flow business
Temasek is selling 135.2m share in INTUCH in an overnight placement at Bt45.12-46.3, a discount of 2% to 4.5% to yesterday closing.
Comment: Hence why the share price was down yesterday despite the market being up +6%
Energy Ministry mulls cutting crude oil reserve from 6% to 4%, to help refiners cope with excess inventory.
Comment: Whilst not directly stock related, I think that this is the stupidest move possible, if anything Thailand should be loading up on oil at the price levels