Budget Bureau gives nod to further B100bn in borrowing : The government is able to borrow an additional 100 billion baht to offset a budget deficit if state revenue collection for fiscal 2021 misses its target, says the Budget Bureau. Bangkok Post THAI flights put on hold until July : Thai Airways International (THAI) has […]
Read More →LH expects cost saving from lower land tax, existing landbank ensures new projects over next 4 years, maintaining 2H launch plans 12 SDH projects worth Bt21b. Comment: I expect to see that the larger players just get larger, especially in the housing market NOBLE secures Bt1.3b in presales during 1st day of online booking under […]
Read More →ACG branches out from car dealership business to vehicle maintenance and parts sales services, FASTFIT, to expand client bases and mitigate risk from weak auto market. Comment: I find this to be a difficult business to do well in, they are up against incumbents such as BQUIK and ACT, and these are rather deep customer […]
Read More →AH sees 40% drop in revenue this year, with net loss expected in 2Q, aims to cut costs by 50%. Comment: Well…looks like their expansion plans are all on hold BCH sees solid growth in 2Q20 from COVID related revenue and from 5% growth in social security patients to 900K, keeps plan to build 3 […]
Read More →Notable Transactions Buy(s) THB 116 mn SPC – The Chairman keeps buying and buying. Sell(s) THB 2.9 bn CBG – Peak CBG, owner sells ~2-3% of his stake in a block STARK – That’s a decent sized sale by a Director.
Read More →Household debt risks boiling over : NPL value closing in on B1tn this year amid contraction. The country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit […]
Read More →BAFS branches out from jets refueling to power business on risk diversification plan, expects to wrap up M&A 20mw powerplants in 2H. BAM said to miss revenue target by 15% this year due to outbreak, mullsBt25b bond for expansion. GUNKUL upbeats outlook from 638mw PPA on hand (cod-ed 437mw), expects to win additional EPC contract […]
Read More →AAV considers merger with another LLC to clamp down on pricing wars once flights eventually resume in the country. Comment: Would that be NOK? Wouldn’t make sense, Thai Smile perhaps? ADVANC launches “GOMO†sim for online uses with unlimited 50GB speed. Comment: Boom! And then your data will be leaked… ASP cuts dividend payout to […]
Read More →So a quick summary: SET profit was -53% YoY, -42% QoQ This was effectively driven by resources (specifically the energy sector) Agro & food was the only industry to grow YoY and QoQ Agri business, electronics, Packaging, Paper & machinery, personal products were the sectors that grew YoY and QoQ. 90/733 companies (SET & MAI) […]
Read More →NBTC’s handed an official warning letter to a ADVANC’s unit, urging it to strictly ensure cybersecurity and data protection after the firm accidentally exposed its database of 8b internet records online without a password during a scheduled test earlier this month. BAM cuts 25 bps for all type of interest lending charged to clients to […]
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