Government to hold meeting today to assess strategy to deal with rising oil price, may consider raising natural reserve to >60d currently and look for ways to delay paying subsidies to oil traders to preserve state oil fund’s cash. Comment: Not company news I know, but these fukwits rejected the opportunity to buy more oil […]
Read More →EE’s ready to speed up expansion in hemp business, in M&A and JV, with Bt600m capex to boost current crop from 50K, to deliver all canabis flower to JP at Bt7,500 to Bt20,000/kg depending on CBD percentage level. Comment: Here is the issue atm for the cannabis space, no one knows the market price, the […]
Read More →Right so perhaps enough of patting myself on the back for the commodity run, which was going to happen even without Russia/Ukraine happening. Now back to the fear of how compressed margins are going to be for plc’s should prices remain at these levels. Previous thesis was that plc’s were stronger than sme’s, cut costs, […]
Read More →BAM allots Bt9b budget to add bad debts, maintained Bt17b full year cash collection target, in talk partner to establish jv distressed assets mgt on unsecured loans, inks deal 2Q. Comment: They’re going to have to raise capital, the amount of bad debt/npls that are going to continue coming after this massive rise in commodity […]
Read More →Notable Transactions Buy(s) THB 6.2 bn BDMS – Just a switch between family members DPAINT – A director buys a block, ~5% of the shares. PROEN – A director buys a block, ~3% of the shares. THG – And he’s still buying! CKP – Not to be confused with the singer from the 70s, this […]
Read More →Prayut, Ismail set $30bn trade target: Thailand and Malaysia have agreed to target bilateral trade of US$30 billion (973.5 billion baht) by 2025. Bangkok Post Bid to shift EVs into overdrive: While most business leaders welcome the state’s latest package to spur EV production and adoption, not everyone is fully on board. The government’s multi-billion-baht […]
Read More →BAM launches NPAs sales campaign Mar 1-31, 1,000 property up on showcase event, offering free transfer, interest free first 12 month, Bt20k discount via online purchase via Shopee-Lazada, cash back program. BANPU expects to report 10 year high profit this year from strong coal selling price, Bt5b gains on disposal of 47.5% holding in Sunseap […]
Read More →KDC VN Equity Star Pacifica Pte. Ltd. bought 3.12mn KDC shares on Feb 24, thus increasing its stake from 4.97% to 6.21% and becoming a major shareholder of KDC. Comment: Great confectionary business, did well during covid due to the lockdowns and people ordering more at home, business unlikely to go anywhere for a few […]
Read More →ACE sees growth momentum this year on new PP both domestic and abroad, Community PP phase 2, 400MW waste PP. CHAYO sets Bt3b budget to scoop up bad debt, target Bt10b-Bt12b distressed debt under mgt by end of year. Comment: Yum yum period for these guys. COM7 upbeats 1Q earnings from strong mobile/IT products sales […]
Read More →BBL: SSO cuts holding by 0.1047% to 4.9202% of total outstanding on Feb 23 Comment: Silly – banks are going to rock and roll with their EPS figures for the next 12 months. EP’s 160mw wind farm projects in Vietnam on track to cod by eo-1Q, in talk partners to invest in 1,500mw gas-fired pp […]
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