ASW, real estate developer, Assetwise, debuts IPO 206m shares at Bt9.82 apiece, ASP leads Comment: Does it make sense for the pop on a fundamental level? NO! But on a funnymental level, oh hell yeah. Small float, retail investors back and active. BAY’s adding more health insurance products on shelf, aiming to boost fees from […]

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ADVANC targets 1mil new 5G customers, 1.6m home BB internet this year, sets Bt25-30b capex to expand networks, sees low single digit growth in service revenue. BAY’s auto loan unit, Ngern Tid Lor, submitted filing to SEC to sell IPO 1.043b shares. Comment: Now we’ll see behind the curtain of one of the largest players. […]

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AGE eyes 5.5m tons FY21 coal sales volume target from recovery demand in SEA, seeks to branch out from coal sales & transport to logistics & renewable energy to diversify risk, target full year revenue >Bt11b. Comment: Realise that they benefit from the rising coal price environment seen since the end of 3Q20 (coal prices […]

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AOT: extend fees waivers for concessionaires & airlines operating at 6 international airports for additional 6 months from previous waivers. ATP30: sells PP 65m shares (9.53% of total outstanding) at Bt0.99 apiece to Toyota Tsusho (TH). Comment: Now that’s an interesting development. BBL, SCB, KTB and BAY: FY20 due today, Bt21.23b, Bt26.72b, Bt16.34b, Bt24.96b consensus. […]

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ADVANC to provide 5G network solution for Bosch’s factory in EEC, sees growth from IoT, remote production curling & monitoring, automated warehouse & logistic to improve productivity. Comment: I think we are underestimating the potential impact of 5G on businesses, it’s going to be far bigger than we may realise. AOT’s board omitted bonus payment […]

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AS sees YoY revenue growth this year on >10 games launched, with 5 to be in 2H. Comment: Kicking myself for missing this. BAY cuts FY20 loan growth target to 3-5% from 5-7%, NII to 10-15% contraction yoy from -3% prior, coverage ratio 180-200 bps from 130-150 bps on fragile environment. BWG’s major holder, Komol […]

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BGRIM’s expected to get license to import 500-600K tons of LNG per year today, after GULF got their license yesterday to import 1.7m tons. Comment: A license to print $ BOT fined BFIT Bt3.155m for overcharging for assets appraisal. Comment: A small fine…how does this prevent firms from playing a fool INTUCH signs Singapore partner, […]

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BAY stops nano-finance services, Tao-Kae Tun Jai, aims to clear Bt43m accrued debt in portfolio from 2.8k accounting for NPLs of 11% from the segment, no plan to restart programme this year.  Comment: One bank out of this nano-finance, I wouldn’t be surprised to sell all of the commercial banks out of it. Expect to […]

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BAY’s card unit, Krungsri Consumer, mulls to cut card spending target after 1Q drops 12-13% yoy from shutdown. Comment: Two things….either 1) you will see an increase in loans/cash loans/credit cards because of people’s need for cash but this will be combined with weak payback or 2) No spending, further downside in consumer spending CHG […]

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BAY expects 1Q loan growth shrink more than 10% yoy, sees sharp declines in new home sales, roll-out refinance package to draw mortgage clients. Comment: 1Q20 is a recession quarter, 2Q20 is still up in the air, 2H20 is, I suspect, a recovery period, and 1Q21 everyone will look amazing compared to the year before […]

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