BBL raised holding in BSL leasing to 90% from 35.88%, will expand leasing, HP, factoring & maintenance lease business. ECL estimate insurance broker subsidiary, Mighty broker, to capitalize on HP clients on hand, will branch out to non-auto insurance next year. GFPT sees strong 3Q, a high season for exports, but Covid should hurt overall […]
Read More →BBL has the lowest amount of debts among peers, qualified under Bank of Thailand’s moratorium, at 10-14% and Bt12.7b in LLP, but had already set aside Bt18b in 1H20, a large enough cushion, Tabloid. Comment: I’ve written for years, if BBL is considered the best bank in the sector, then the sector is in bad […]
Read More →AOT approved AAV’s request to partially move its base from Don Muang to Suvarnabhumi, with initial 24 domestic flights, before extending to overseas flights by end of year. Comment: Now the future hordes of Chinese tourists will be at Suvarnabhumi. BBL: Social Security Office cut holding by 0.0188% to 4.9903% of total outstanding on Tuesday […]
Read More →ACE pays Bt851m for 3 biomass powerplants with 26.9MW capacity, with immediate revenue recognition of Bt900m p.a., in talks to boost P2P and boost overall biomass powerplants to 12, 112MW overall. Comment: Decent priced paid. APCO will launch 2-3 health supplement products before end of year, aiming to capture demand from health conscious consumers, estimate […]
Read More →BBL expects 2Q NIM flat qoq from 2.5% in 1Q as cost of funding also drops from repricing deposits, sees no impact from debt moratorium as consumer lending account for marginal in portfolio. BTS sees full year ridership drops 10% yoy; but no impact to revenue thanks to cod of greenline extension stations, compensation from […]
Read More →BGRIM to wrap up 4-5 M&A projects both at home and abroad, keeps 10-15% revenue growth target this year. Comment: The cookie monster of the energy space in the region. BBL reports 4M20 mobile banking transactions +28% yoy from C19, target 11m users from 8.6m by end of year. Comment: Now all of the banks […]
Read More →ADVANC sees positive 3Q momentum from higher ARPU as deep discount package already expired since end of-May, higher market share on FBB supported by WFH demand. Comment: Still curious to see the 5G story play out. If anyone has a decent paper out there on 5G please send it across, specifically the beneficiaries. NPLs expect […]
Read More →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, […]
Read More →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 […]
Read More →BBL expects to save Bt7b after revised acquisition terms to lower BV multiples and Indonesia rupiah depreciation. Comment: A slightly low acquisition price and the IDR dropping. BWG’s major shareholder, Komol Jungrungreangkit, raised holding by 0.5219% to 5.2921% last Friday (April 16), SEC filing. Comment: This name is trading so far below BV its ridiculous. […]
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