And the market goes and goes, wall of worry continues to be climbed. Just imagine what happens when oil goes another +5-15% from here. Then we’ll see the SET north of 1,400. If Thai banks have their liquidity issues sorted out by the BoT, then 1,500 is possible..tourism shows signs recovery.. then 1,600. Or it […]
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 […]
Read More →ACAP defaulted interest payment for bondholders of ACAP20NA due yesterday, SEC filing, Comment: That’s another one down. ADVANC’s insisted no personal info from customers was leaked during a scheduled test earlier this month – only non-critical info was exposed online as reported by foreign media. Comment: Singapore get your act together…do they really want to […]
Read More →AP reports 4M20 sales topped Bt8.33b, Bt4.93b backlog pending transfer, delay plans to add land bank, maintaining Bt33.5b FY20 presales target. Comment: That’s still decent. BAM reaffirms at least Bt1 dividend payout this year, sees recovery in 2H, plans to sell Bt3.3b worth of rehabbed assets. Inclusion into MSCI this Friday will see $58m inflows, […]
Read More →So now the question is which way will the market go? 1Q20 #’s are out and naturally looked bad because of the inventory write off’s in the commodities sector. 2Q20 is going to be awful. But what if, from this moment onwards we see constant positive momentum from companies, from the economy, from people resuming […]
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