LH expects cost saving from lower land tax, existing landbank ensures new projects over next 4 years, maintaining 2H launch plans 12 SDH projects worth Bt21b.

Comment: I expect to see that the larger players just get larger, especially in the housing market

NOBLE secures Bt1.3b in presales during 1st day of online booking under “Reset Price, Resume Life” campaign.

Comment: Because they’ve cut prices by ~30%

PTTGC plans $4b bond for liquidity and M&A this year in special grade petrochemical products.

SAMTEL: Bualuang AM cuts holding by 0.2995% to 9.7602% of total outstanding last Thursday (May 28), SEC filing

Comment: At one point this name should come back…maybe there needs to be a change in government.

SAWAD reports Bt1.789b proceed from SAWAD-W1 conversion.

Comment: That’s a fair amount of capital that they can deploy.

TSE reaffirms strong FY20 earnings from full year contribution of 158.94mw capacity, sees upside from recently acquired turnkey power contractor, Earth Energy System (ESS), no impact from COVID on power generation.

TU sees 2H turnaround from recovery seafood export sales on reopen of hotels & F&B operators and strong frozen foods sales to JPN and Asian market, lower SG&A yoy protecting downside.

Comment: Doesn’t matter, this firm has not shown any capability in shifting away from being a pure tuna player.

VNT upbeats outlook 2H from healthy PVC spread and consistent demand for auto, electronic, packaging and consumer grade applications, mulls expand India and SEA market, Bt11.5b free cashflows, Bt14.2b retained earnings, FY20 D/E at 0.17x ensures future growth.

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