AP reports 4M20 sales topped Bt8.33b, Bt4.93b backlog pending transfer, delay plans to add land bank, maintaining Bt33.5b FY20 presales target. Comment: That’s still decent. BAM reaffirms at least Bt1 dividend payout this year, sees recovery in 2H, plans to sell Bt3.3b worth of rehabbed assets. Inclusion into MSCI this Friday will see $58m inflows, […]
Read More →For Thailand here are the key changes: MSCI THAILAND INDEX Additions ASSET WORLD CORP (AWC) BANGKOK COMM ASSET MGT (BAM) KRUNGTHAI CARD (KTC) Deletions BANPU MSCI Small Cap Additions: BANPU Deletions: ANAN, BEAUTY, BEC, ERW, GGC, ITD, LPN, PLAT, PSL, GLOBAL, SVI, TTA, U, UNIQ, UV, WORK Sources: https://app2.msci.com/eqb/gimi/stdindex/MSCI_May20_STPublicList.pdf https://app2.msci.com/eqb/gimi/smallcap/MSCI_May20_SCPublicList.pdf
Read More →BAM offers Petchaboon’s authority to use its NPA, by converting seized hospital buildings to accommodate Covid-19 patients upcountry. Comment: That’s a nice move by the co. ILM branches out from home décor to residential and commercial sanitizing and disinfecting services, expand made to measure and online home furnishing products. Comment: I wonder how many companies […]
Read More →BAM firms on plan to add Bt12b NPA & NPL this year, sees commercial banks already purged Bt20b NPL in the system YTD, pays Bt1.05 dps XD Apr 8. Comment: It helps being a government institution with access to these deals. Banthoon Lamsam stepped down as chairman of the board of KBANK yesterday. Comment: End […]
Read More →AP keeps Bt40.55b transfer target this year, +25%, and pre-sales at Bt33.5b, but will adjust business plan and forecast in April. Comment: That’s a ballsy target, I wonder what the sacrifice in margins will be AWC shuts down 5 hotels in BKK, Marriot, Le meridian, Okura & Hilton, from March 26 – April 15. Comment: […]
Read More →BAM may book Bt5.9b tax gain (DTA) this year, boosting overall net profit to Bt10b this year, Tabloid. Comment: This was supposed to be done in 4Q19, much to the surprise of all the IPO investors it didn’t happen BCP shuts refinery’s canteen for 14 days aft discovered QC inspector infected Covid-19, arranges big cleaning […]
Read More →ADVANC will switch on the country’s first 5G mobile network on the 2600-MHz band after making the 1st instalment payment today for the spectrum won at this week’s auction. Comment: Lets see if there are dividend cuts AOT: airlines voice out unfair treatments following announcement of remedy package for tenants at 6 airports as airlines […]
Read More →ADVANC sets Bt10-15b 1-year capex to expand 5G network, while Fitch said 5G capex is credit neutral. AOT cuts fix rent by 20%, waives minimum payment for revenue sharing for tenants only variable percentages applied from February 1,20 till January 31,21, stretching payment terms for operators in the airport for 6 months for payment due […]
Read More →BAM may report Bt12b FY19 prft, +122% yoy and pay Bt1.3 dividend or 5% yield, and thrive in weak econ, Tabloid. Comment: If you think this should be trading similar to JMT then its worth 2x. But do realise that BAM’s business model is different. D’s appointed by Carl Zeiss Meditec AG to be sole […]
Read More →BAM opens debt clinic office in Phuket, aims to fill demand for restructuring, property auction and selling. DELTA sets Bt300m budgets to expand EV charging stations coverage from current 50 locations, target 90-100 stations by end of year. Comment: Well the news flow is becoming stronger on the EV story here in Thailand…still have my […]
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