BAM expects NPL sales by financial institutions to reach Bt200bn this year (vs. Bt150bn in 2024). Plans to participate in ~Bt30bn bids, targeting ~Bt3bn in bad debts. Comment: Yes….but if BAM and JMT can only buy ~THB 50 bn together, there’s just far too much supply out there. KBANK: Invesco increased its stake by 0.1688% […]
Read More →ALT: board approved investment in 2 fiber optic pj including fiber ntwrk connecting BKK-EEC area and submarine cable pj in Satun province combined worth Bt1.594b, expects to gen approximately Bt150m-190m p.a. Comment: In theory this should be a decent business model – but given the structure of the industry, it doesn’t perform as it should. […]
Read More →ITC: 2Q net profit at Bt696m, -31% yoy, beats Bt73m consensus, thanks to strong sales revenue +5.3% qoq, sales volume +6.9% qoq from orders from premium brands, contribution from new products bolster earnings, pays interim Bt0.4 dps, XD Aug 14. JAS: Supreme Admin Court dismisses National Telecom (NT)’s appeal on revenue sharing dispute on eastern […]
Read More →AOT: ITA Airways (Rome-based) will increase its direct Rome–Bangkok service from three flights per week to daily starting December. CHAYO is seeking bondholders’ approval for a two-year extension on five bond series, offering an additional 0.125% interest in return, citing unfavourable market conditions for new issuances. Comment: That’s all they’re offering to bondholders? The company […]
Read More →AWC and KTB sign a Long-term green loan agreement worth Bt7.9b to support the transformation of Hotel Plaza Athénée Nobu NY into a green building in line with international standards. Comment: Even with green bs, loan growth is still nothing… BANPU, via its Banpu Energy Australia, to acquire a 50% investment interest in the Wooreen […]
Read More →EPG sets Bt14b revenue target this year, on aggressive expansion in contraction mats and packaging, while focusing on cost control to maintain margin, sets Bt483m capex. OR in collab with RCL in developing biodiesel for shipping fleet, aiming to reduce carbon footprint. SPALI keeps plan for 36 new projects, after recovering from quake, with windfall […]
Read More →BGRIM mulls increasing proportion of direct PPA on power sales in portfolio, target data center & AI infrastructure. Comment: What happened to their renewable port and targets? DE PTTEP keeps FY O&G sales volume target at 510k boepd, EBITA margin btw 70-75%, sees 2Q sales momentum remain strong aft increased stake in Sinphuhorm project, larger […]
Read More →Notable Transactions Buy(s) THB 327 mn Sell(s) THB 120 mn
Read More →BCP’s Bt10b SAF factory on schedule to test run on Apr 25, adjusted estimate payback to 5-7 years from 3-5 years in previous feasibility as some jet fuel customers have postponed plans to legally require aircraft operators to enforce SAF usage. Comment: No one wants to waste money on this green $hit anymore. BEM: CK […]
Read More →Notable Transactions Lots of buying going on – but nothing in real value other than the usual power couple that is SPALI Buy(s) THB 500 mn Sell(s) THB
Read More →