Electricity Generating Authority (EGAT) to open bid for 45mw floating solar projects at Sirindhorn dam on August 20, SCC, GPSC, SPCG, GUNKUL, WHAUP, EPCO expected to join. New sugary drink taxes structure starts from October 1, drinks containing 6-8g of sugar/ 100ml will be charged Bt 0.3, 10-14g/Bt 1/ltr, 14-18g/Bt 3/ltr, >18g/Bt5/liter. Comment: Which companies […]
Read More →The financial sector has started the earnings release and they look crap, zero loan growth, profit down, lots of write off’s. Amusingly the only decent looking bank in this quarter was KTB (note: BAY was good too, but quite illiquid), but that’s because of the massive write off’s they took in 2018.
Read More →Notable Transactions Buy(s) THB 63 mn PLAT – The Vice Chairman buys a block of shares above market price…market participants have been waiting for a potential turnaround of performance for the new building. Sell(s) THB 283 mn BM – Must be a typo in the SEC’s register, but for now this is what it looks […]
Read More →FPO: Limited budget to fund populist policies : The Finance Ministry is looking to scale down the new government’s populist campaign promises, given the constraints of the available budget and a delay in the fiscal 2020 budget process. Bangkok Post BoT starts siege on hot-money flows : Baht weakens, SET shaken after announcement . The […]
Read More →BEM sees 10% ridership growth this year to 500K/day from extension of Blue Line, sets 25% revenue growth target next year, free trial run Blue line extension Hua Lamphong-Bang Khae MRT from Jul 29 – Sept 28, expects FY20 ridership +25% yoy. Comment: For BEM – specific to the MRT – it’s a scale game, […]
Read More →New Energy minister, Sontirat Sontijirawong, to review 2018 PDP on 1st day in the office, following objection by the ombudsman that EGAT’s 2018 PDP allowed private power co, to shr role of producing electricity after which state’s contribution was cut to <50%, violating national security. GULF likely impact the most as its 100% private owned […]
Read More →Notable Transactions Buy(s) THB 162 mn GULF – The owner just decided to buy a massive amount of shares, perhaps to show confidence that regardless of the news about the government wanting to own 51% of the power generated in Thailand that GULF is still going to perform. Sell(s) THB 153mn BDMS – Family and […]
Read More →GUNKUL secured 899.1KW solar rooftop for Hua Chiew Uni. FPI wins OEM parts order from Toyota, 7 contracts worth Bt250m, lifts backlog to Bt1.1b, firms on 10% rev growth t/g. KYE teams up Taiwan partner to expand laundry franchise, Maru Laundry, aims to capture demand from service apartment & condo along BTS line. Comment: It’s […]
Read More →BPP to cod 19mw JPN solar & 52mw China geo-themal powerplants in 3Q, 660mw out of 1,320mw SLG coal-fired pp to cod in 4Q (BPP hold 30%), 660mw phase 2 to cod 1H20, 80mw Vietnam windfarm will start cod 4Q20 till 4Q21. III anticipates 2H turnaround from surging cargo traffic on seasonal, new route launched […]
Read More →ANAN’s CEO, Chanond, sold 11.89% stake or 396.21m share to his Ruangkritya family members as part of internal reshuffling, leaving him with 38.98% stake. DIF may sell new units @ Bt15.2, a 15% discount to previous close, while TRUE to pocket extra gain in 3Q from selling assets to DIF, Tabloid. KKP anticipates big jumps […]
Read More →