AMATA in JV with Broadwin International HK to set up Amata Chinese Smart City, holding 60% stake. Comment: A non-event… Auto dealers see surging loans rejection rate, forgoes booking deposit & delay vehicles delivery, expects more auto makers shut down plants as dealers unable to take up stocks, Tabloid. Comment: Not stock specific, but it […]
Read More →KBANK will likely revise financial target this year after the bank’s research unit estimated that the economy will shrink 5% in 2020 amid the pandemic, said CEO. GULF to propose par split from Bt5 to Bt1 at AGM today. Comment: This was announced a while ago, and we wonder if the retail trade for this […]
Read More →BAM firms on plan to add Bt12b NPA & NPL this year, sees commercial banks already purged Bt20b NPL in the system YTD, pays Bt1.05 dps XD Apr 8. Comment: It helps being a government institution with access to these deals. Banthoon Lamsam stepped down as chairman of the board of KBANK yesterday. Comment: End […]
Read More →CPALL hiring 20k motorbike drivers to accommodate surge demand for 7-11 Delivery services, following soft lockdown. Comment: Amusing isn’t it that 7-11, tesco’s and BIGC’s are allowed to operate completely whereas everyone else has to shut down? FSMART inked deal partner to be Covid-19 insurance agent via its top-up machines, target 500k policies sales this […]
Read More →BAY mulls to cut FY20 loan growth projection from current 5-7% from challenging econ conditions, aims to curb NPLs below 2.5%, sees no impact on NII from BOT’s plan to revamp fees structure. Comment: Second to TCHART, BAY has been consistent performer for the past few years KBANK’s 10 days buyback program kick-off tomorrow (Feb […]
Read More →KBANK: cuts MRR rate for SMEs & individual customers by 25 to 6.62% from 6.87% following policy-rate cut by 25 bps yesterday to record low at 1%. Comment: There go their NIMs, their ROEs etc etc KKP: target FY loan growth within 7-9%, NPLs below 3.9%, 10 IB deals on hand to provide cushions. Comment: […]
Read More →Arbitration Court orders ADVANC to pay Bt31b plus 1.25% interest to TOT on dispute over amended prepaid revenue sharing contract. ADVANC said it has strong financial to deal with this, yet will fight the case in admin court. Comment: This was a surprise to the market but it was well noted in the financial statements […]
Read More →BAM opens debt clinic office in Phuket, aims to fill demand for restructuring, property auction and selling. DELTA sets Bt300m budgets to expand EV charging stations coverage from current 50 locations, target 90-100 stations by end of year. Comment: Well the news flow is becoming stronger on the EV story here in Thailand…still have my […]
Read More →AOT’s current duty free operator, King Power, awarded a 11-years DMK airport duty free management concession from FY22-FY33. Comment: Well that was quick BBL to compete with Sumitimi Mitsui Financial for StanChart Indon. Comment: No more growth nor NIM expansion left in Thailand, Indonesia does look like a far better bet for the next 10-20 […]
Read More →AIMCG: name change to AIM Commercial Growth Leasehold Real Estate Investment Trust, ticker remain unchanged BJC: BigC hypermarket sees strong growth in home appliance sales on holiday season, eyes 2-3% sales growth yoy in 4Q. Comment: Markets and financial figures are telling a different story. The issue in the retail market is that they are […]
Read More →