BPP buys 33.5% stake in 543mw Nakoso Integrated Gasification Combined Cycle (IGCC) powerplants for US$80m, deal to complete by end of April. CPF opens 2 new Chester grill restaurants, Lak-si and Bang-na, and launches chicken New Orleans new menu, on track to open 10 this year. OR extend land lease contract at Khlongtoey pier central […]

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BPP’s planned investment in 1,000MW gas PP in the US and another large one oversea in a form of JV, with <50% stake, will be concluded in 1H21, a few more clean energy powerplants with 100-200MW capacity planned by end of year. Comment: Bam bam bam, natty gas. Great for the ESG story. But the […]

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BANPU sees 2H turnaround from recover coal sales volume and higher selling price from improving demand from China and Vietnam. Comment: If only it were a true coal play… BGRIM upbeats 3Q earnings from low gas price, sees electricity demand from industrial clients gradually back to normal posted reopening, seeks M&A to boost inorganic growth. […]

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ACAP defaulted interest payment for bondholders of ACAP20NA due yesterday, SEC filing, Comment: That’s another one down. ADVANC’s insisted no personal info from customers was leaked during a scheduled test earlier this month – only non-critical info was exposed online as reported by foreign media. Comment: Singapore get your act together…do they really want to […]

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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, […]

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ADVANC’s granted 5G certified operator from GSMA, the 1st and sole operator in Thailand. BANPU sets $600m 5-year capex for gas and renewable energy. Comment: I question this investment strategy….maybe because I just want to find a pure coal player… BGC sees strong bottles order yesterday as demand for exports to US & India grow […]

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BANPU to buy additional 50% in Springvale mine and Angus place in AU, transaction incurred no cash payment, will accept Bt864m liabilities for the purchase. BANPU raised stake in Australian mine from 50% to 100%, for Bt864m. Comment: Acquiring assets in the US and Australia. Tabloid reports BBL may book as much as Bt4b gain […]

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BPP to cod 19mw JPN solar & 52mw China geo-themal powerplants in 3Q, 660mw out of 1,320mw SLG coal-fired pp to cod in 4Q (BPP hold 30%), 660mw phase 2 to cod 1H20, 80mw Vietnam windfarm will start cod 4Q20 till 4Q21. III anticipates 2H turnaround from surging cargo traffic on seasonal, new route launched […]

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BAY appoints former MUFG NY executive, Seiichiro Akita, to be president & CEO. BPP maintain full year EBITDA target >Bt5.91b FY18, will cod additional 71mw in 2H, 1,320mw coal fired pp & 80mw Vietnam windfarm to cod next year, in talk partner to develop 400mw solar projects in Vietnam, expects to wrap up by end […]

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ANAN to launch hi-end projects, IDEO Q Phahol-Saphankhwai, 39 storeys 1,119 units, pre-sales kick off May 25-26. Comment: If these pre-sale numbers are higher than what the market expects, then…?  It is trading at 5x but without a doubt the real estate market has weakened  BGC mulls M&A film & paper packaging business, seeks to […]

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