AAV announced one month suspension of its operations in Thailand, staffs will not be paid, but will seek partial payment from social security fund, while BA announced temporary suspension of its Samui and Phuket flights from Aug 3. Comment: If it his 2 again, it’s worth a trade – or it goes bankrupt – which […]
Read More →AKR will bid for govt infra procurement projects total Bt3b in 2H, aims to secure at least 10% of total bidding, sees demand for transformer remained strong from powerplants expansion, Bt300m backlog to realize this year. BBL’s accelerating NPA sales to tackle NPLs in 2H. Comment: BBL’s senior management doesn’t bother to get onto Zoom […]
Read More →CPN in talk to buy 29.58% of commercial property developer (SF) from MAJOR at Bt12/share before tender for the remaining shares, aiming to obtain East BKK shopping complex, Mega Bangna, Tabloid. Comment: WOW. CPN has recently taken GLAND and now SF. They are the retail play for Thailand FPT rent out 15,350 sq.m. cargo warehouse […]
Read More →BCH’s confident covid tests could reach 500K in 2Q, after 300K tested in April-May, vs 390K in 1Q, while the country’s doubling of Moderna quota to 10m doses should also help boost 3Q earnings. Comment: And they are increasing the fee’s for the COVID patients. CCET to temporary halt operations at Petchaburi plant from May […]
Read More →ASIAN sets 8-10% revenue growth target to Bt9.5b, sees strong 1Q on rising exports in frozen pet food, sets Bt500-1,000m to expand production lines and M&A. BGRIM to import 250K ton of LNG in 2H21, supplying 5 SPP Replacement, expecting 10-15% electricity utilization growth this year, target >76MW new capacity this year. CIMBT were pushed […]
Read More →Banks are done, next is the rest of the market. Thoughts on their earnings? Meh. Those that provisioned heavily and early (i.e. KBANK) looked great, those that didn’t, basically the rest of them, looked rubbish. Note the loan growth figures…tepid. I’m seeing more places close permanently on my weekend drives (~within 250 km from bkk […]
Read More →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 […]
Read More →BANPU upbeats 2H earnings from higher coal sales volume and selling price on improving econ activities, sees more upside to coal price from restocking ahead of winter. Comment: If was a pure coal play I would be in it. BBL: SSO raised holding by 0.0118% to 5.0097% of total outstanding last Friday, SEC filing. BJC […]
Read More →ASP said there’s risk Thai credit rating may be cut, after Moody’s cut Laos’ from B3 to Caa2, a Junk Bond, after running a huge deficit. Comment: Well Laos’ issue is that they relied on Chinese financing and now have lost their assets to China, whereas Thailand is thankfully (so far) not been as stupid. […]
Read More →AAV: expects AOT give nods on proposal to operate 24 daily domestic flights service from SIA to Chiang Mai, Phuket, Krabi, Suratthani, seeks to expand international flights from SIA to China, Vietnam, Myanmar & Cambodia before end of year. AMATA: announced RO 83m shares 12.8554217:1, PO price to announce before September 21, subscription October 9, […]
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