The combination of the BOT saying banks can pay divvy’s + vaccine news (pfizer 90%, russia 92%, now moderna 94%, next is china at 1,000%) + earnings for 3Q being o-k-a-y-i-sh is driving the markets. Now with oil finally going to make its push, there’s a lot of positives for the SET. Though I still […]
Read More →Notable Transactions Buy(s) THB 35.9 bn BJC – Continuation of the family selling the shares from their names to their private holdco. Sell(s) THB 36.3 bn BJC – See above ANAN – A block sale to BTS – they are everywhere! CKP – A director dumps a fair amount of shares
Read More →BAAC to keep lid on NPL ratio at 4% of total loans : The Bank for Agriculture and Agricultural Cooperatives (BAAC) aims to limit its non-performing loan (NPL) ratio, keeping it from exceeding 4% of total outstanding loans through debt restructuring measures. Bangkok Post Fair trade body green lights CP’s Tesco buyout : The Trade […]
Read More →JKN moves from MAI to SET from today. OSP sets double digit growth for next year, and Bt2.5b capex to boost efficiency and explore new markets. Comment: Basically they are doubling the capacity of the Vitamin C drink. TASCO to book Bt179m insurance claim in 4Q, still have enough crude to feed Malaysian refinery until […]
Read More →CPALL sets to boost overall 7-11 stores to 13,000 by next year. CPN sets Bt400m promo budget to boost traffic in malls by 20%, hoping that overall this year would be close to 95%. MAJOR may see recovery in 4Q on cost control, and turn profitable again next year from lineup of blockbuster films throughout […]
Read More →ADVANC to accept bookings for iPhone 12 on November 20 and official launch on November 27, hoping to boost 5G subs to 1m next year. Comment: Looks like the 30,000 baht scheme from the government will go into Apple’s pockets… JKN will move from MAI to SET from Nov 12, 2020. Comment: I wouldn’t be […]
Read More →ALLA to bid for 2-3 power plants’ crane projects, worth Bt100m each, results in 2Q21, in talks with potential JV in solar cells business. BTS and STEC under BSR Joint Venture mulls bidding for Bt122b West Orange Line, while BEM will bid alone. Comment: BEM is basically CK… INTUCH’s lawyer up and in the process […]
Read More →I still hold to the viewpoint that everything is going to look better QoQ until 2H21, and as such the markets will rally. In Thailand – the protests are priced in, hence the drop in the past 2-3 weeks plus the usual regional fund outflow. It’s earnings season time, latest one today is CPN which […]
Read More →BAM may report strong 3Q at Bt1.76b, +100% yoy, and may book Bt1b gains from asset sales in 4Q, Tabloid. Comment: Highly possible given that nothing really happened in 2Q20 BTS’s Bt8.6b green bond were 3.3X oversubscribed. Comment: Going down the ESG route. HMPRO sees less than 20% drop in profit this year, plans one […]
Read More →Notable Transactions It is earnings seasons and therefore quiet in terms of management transactions until the 15th November. Buy(s) THB 7.7 mn N/A Sell(s) THB 8.5 mn N/A
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