AS sees YoY revenue growth this year on >10 games launched, with 5 to be in 2H. Comment: Kicking myself for missing this. BAY cuts FY20 loan growth target to 3-5% from 5-7%, NII to 10-15% contraction yoy from -3% prior, coverage ratio 180-200 bps from 130-150 bps on fragile environment. BWG’s major holder, Komol […]

Read More →

BANPU sees 2H turnaround from recover coal sales volume and higher selling price from improving demand from China and Vietnam. Comment: If only it were a true coal play… BGRIM upbeats 3Q earnings from low gas price, sees electricity demand from industrial clients gradually back to normal posted reopening, seeks M&A to boost inorganic growth. […]

Read More →

ACE wraps up deal to buy 3 biomass powerplants with 26.9MW capacity from UWC worth, helping contributed Bt800-900m p.a. Comment: I still look at ACE questionably given the fact that the founder is a police general and likely won the contracts through “relationships” but having followed their calls, they are running a professional shop.  AOT […]

Read More →

ADVANC sees marginal impact from tower dispute settlement with State-owned, CAT Telecom, after transfer 155 telco towers ownership to CAT & and rent back from CAT for 5 years from Jul 1,20, CAT will use space & maintenance service from ADVANC over the same period, estimate net impact Bt186m where Bt90m has already booked in […]

Read More →

AOT: extends a credit term of payment to 12 month instead of 6-month for concessionaires & airlines affected by C19 at all 6 airports under supervision. Comment: And there’s news on changes in the duty free concession fee. BDMS: appointed Ms. Poramaporn Prasartttong-Osoth, M.D. as president effective September 1 and Chairperson of the executive committee, […]

Read More →

CPALL sets Bt4b to add 7-11 branches, target 13k outlets by end of FY22, in talk 7-11 to expand franchise in Laos after granted 30 years franchisee in Cambodia. Comment: CP will feed the masses CPF reports positive profit alert from HK subsidiary, CPP, 1H20np forecast at US$310-330m vs US$82m 1H19, supported by strong swine […]

Read More →

AEONTS reports 1Q20 (end of-May) at Bt530m, -46% yoy, TFRS9 & positive impact from lockdown weighed. Comment: Can’t wait to see KTC’s #’s. AP records Bt12.81b presales in horizontal projects 1H20, or 60% of full year target of Bt22.5b. Comment: Every major property developer has shown great presale figures for housing projects during 2Q, the question […]

Read More →

A committee to nominate the BOT’s new chief will consider the qualifications of the 4 applicants on June 25, who will then be required to present their visions on June 29. Comment: I filled out the application for fun, didn’t send it in…could’ve been amusing. Now seeing how poorly its being run perhaps I could’ve […]

Read More →

BCH upbeats 1Q revenue from surging Covid-19 test traffic at 100-150 cases/day, firms on plan to open hospital in Aranyaprathet province in May. Comment: I think that most hospitals outside of BDMS and BH are going to do quite well. Although if factories are closed then perhaps you’ll see a drop off in the hospitals […]

Read More →

ACG allots Bt40m budget to branch out from dealer to auto maintenance services, sees demand grows as people choose to repair over replace, target 5 outlets by end of year. BJC sets Bt10b capex to add 3 BigC hypermarket branches in TH and 1 abroad, expand Pure Pharmacy, mini BigC and supermarket. Comment: So the […]

Read More →