HMPRO will accelerate the rollout of new private-label items, add promotion and expand e-commerce channel to boost sales. Comment: And their GPM will continue to expand. JWD to take 20% stake in ESCO and sign a partner deal with PSA, the largest port operator in the world, and become a prominent operator at Laem Chabang […]

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AMANAH sees marginal impact from lockdown as majority of hire-purchase services are outside Bangkok & vicinity EKH expects ATH profit 3Q from higher average Covid test at 200-300 cases/day, 400 IPD beds & 200 from field hospital fully occupied, tailwind from Sinopharm jab service & 1 hospitel, sees upside from arrival of Moderna alternative vaccine […]

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ADVANC teams up 6 hospitals to provide telemedicine services, AIS Well-Being, thru digital platform, aims to fill demand from long distance patients, offering real time consultations & monitoring without need for in-person visit. Comment: AIS is achieving what DTAC said they would do 5-7 years ago. BLA launches saving insurance plan, offering min returns, principal […]

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KBANK-R : buying of NVDR is allowed again from today after take-up rate fell to 22.81% yesterday, following a massive NVDR outflows past 2 days from MSCI deletion, but do not expect MSCI to add back on soon, as the headroom is small, unless the Central Bank allows NVDR room to increase to 30-35% as […]

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BANPU sees solid 2Q21 on rising coal price to >$100/ton, while cutting costs in coal mines in Australia and Indonesia. Comment: And AGE and LANNA have benefited as well. JUBILE keeps 10% revenue growth target this year, on solid 1Q which showed a 11% growth, with plans to expand branches and promo in 2H to […]

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BCP: SSO cuts holding by 0.0802% to 14.9595% of total outstanding on May 5. IVL sees positive growth momentum 2H21 from recovery global demand for PET, IOD & gasoline, expects full year PET spread remained high from healthy selling price due to low output from China, sets US$1b capex to revamp plants, recycling business and […]

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AJ: local fund, BBLAM, bought big-lot 20m shares from management, sees growth potential from packaging business & upside from JV packaging unit with SCC in Vietnam. Comment: And that explains the big sale. BBLAM typically has done quite well with these type of positions. GULF to tender for INTUCH at Bt65 (last done Bt58.5) after […]

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AMATA said will miss 950 rai land sale target this year, as 9-10 clients postponed land purchase due to covid. Comment: No surprises here. Though yes arguably AMATA is attractive on an NAV/share basis atm. AOT reported Bt4,320m FY20 NP, ending September 30, -83% yoy, in-line with Bt4,372m consensus. Its reported a core loss of […]

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BAM may report strong 3Q at Bt1.76b, +100% yoy, and may book Bt1b gains from asset sales in 4Q, Tabloid. Comment: Highly possible given that nothing really happened in 2Q20 BTS’s Bt8.6b green bond were 3.3X oversubscribed. Comment: Going down the ESG route. HMPRO sees less than 20% drop in profit this year, plans one […]

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AEONTS: 2Q21np (end of Aug20) at Bt 966m +82.3% qoq, +2.6% yoy, beats Bt 836m consensus, pays interim Bt 1.85 dps, XD Oct 19. Comment: A surprise for the market, people are still paying the minimum requirements on the loans/cards. Will this lead to more excitement into SAWAD and MTC? What about 2021 when the […]

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