KBANK: cuts MRR rate for SMEs & individual customers by 25 to 6.62% from 6.87% following policy-rate cut by 25 bps yesterday to record low at 1%. Comment: There go their NIMs, their ROEs etc etc KKP: target FY loan growth within 7-9%, NPLs below 3.9%, 10 IB deals on hand to provide cushions. Comment: […]
Read More →AAV may save as much as Bt800m after Cabinet cut jet fuel tax from Bt4.726/liter to Bt0.20/liter, Bt300m for THAI. Comment: But it may not make up for the loss in demand. ADVANC, TRUE, DTAC, TOT and CAT have all submitted bids for 5G spectrums, with ADVANC and TRUE said to be vying for 3 […]
Read More →Great piece of information sent to us this morning from the clever lady that is M.L. @ MBKET.
Read More →ADVANC, DTAC, TRUE, TOT, CAT are expected to submit bidding for 5G licenses today, qualified bidders will be announced on February 11 and auction begins February 16 Comment: WHERE’S JAS? IHL wins contract to supply leather to US footwear, KEEN, production starts 2Q, expects to wrap up additional 4 contract this year. IVL cod 440ktpa […]
Read More →Up and until the latest flu virus hit I was of the viewpoint that 2020 would see a recovery in YoY economic #’s Tourism figures would continue to improve Banking would still be weak due to the industry’s structural changes The THB/USD would be slightly weaker but not by more than -1% or so Property […]
Read More →Notable Transactions Note: Buys outweigh sells by 10x in numbers (not value) Buy(s) THB 94 mn THG – And the Founder continues to buy shares RS – That’s an interesting return by this shareholder/co-owner Sell(s) THB 0.6 mn N/A
Read More →BTS will kick-off trial run of Gold line (Thonburi-Khlongsan Iconsiam) in April, t/g cod North Green line extension 3 stations (Forest dept-Bangbua & 11th Infantry in 2H20. CHAYO upbeats FY20 earnings from larger debts under management yoy, anticipates wider margins from low rate environment, will add more NPLs in portfolio. Comment: And JMT should have […]
Read More →Crisis deals B50bn hit to tourism : The coronavirus crisis is likely to cost Thailand at least 50 billion baht in lost tourism income associated with China’s blanket ban on tourists leaving its affected cities, according to the Tourism Council of Thailand. Bangkok Post Govt ‘in full control’ of outbreak : PM moves to allay […]
Read More →Arbitration Court orders ADVANC to pay Bt31b plus 1.25% interest to TOT on dispute over amended prepaid revenue sharing contract. ADVANC said it has strong financial to deal with this, yet will fight the case in admin court. Comment: This was a surprise to the market but it was well noted in the financial statements […]
Read More →AAV expects to lose 300,000 Chinese passengers during 1Q20, as flights to China make up 30% of its total rev, to ramp up India and Japan routes. Comment: Well given the Thai government’s response to the virus I doubt that the international travelers from India and Japan are going to make up for the short […]
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