BAY’s ready to cut MRR by 25bps to help vulnerable groups, sees limited impact if BOT to cut policy rate at next meeting, as it has balanced lending structure, and firms on 3-5% loan growth target this year. Comment: Awww that’s so sweet of the banks…they’re going to help.. GULF clarified that it has no […]
Read More →ASW mulls 3 new horizontal projects worth Bt4.1b, via the Honor high-ended brand this year. Comment: what??? I’m going to have to go through their numbers again, but I thought this propco was on the verge of going under. Thai NVDR said NVDR holding in BBL has reached 23.23%, vs 25% limit. Comment: It is […]
Read More →BANPU sets 3 years capex plan at US$2b (Bt 70b) to expand renewable port, invest in energy tech, future mining (Nickel & Lithium) carbon capture, R&D 100% ammonia burn hydrogen-based powerplant. Comment: BANPU should continue to enjoy the amazing cash flow’s they’re getting from coal, it’s going to be stupidly higher for a number of […]
Read More →GULF-Binance venture gets license for digital asset exchange and digital asset broker business in Thailand, will begin operation from 4Q23. Comment: The Chinese money launderers are going to be very strong in Thailand HFT’s applying for China’s industrial standard certificate, seeks to branch out from motorbike & commercial vehicle tires to e-bike segment, eyes 1st […]
Read More →AAV plans to resume operation of 8 aircrafts that were idled during pandemic after advance booking have demonstrated strong momentum. Comment: A great sign for tourism and hopefully lower ticket prices ! AH upbeats 1Q earnings from delivery of Ford Ranger model change, higher OEM parts sales yoy from improved market. BA’s temporary suspended 2 […]
Read More →Gulf eyes indirect route to taking over AIS: Firm aims to pursue further restructuring. SET-listed Gulf Energy Development is expected to pursue a further restructuring of its telecom business portfolio this year, which will include becoming the direct major shareholder of leading mobile operator Advanced Info Service (AIS), according to a market analyst. Thailand’s biggest […]
Read More →ITEL: expects to wrap up hyperscale data center lease deal by end of March, upbeat outlook aft teams up with AU partner, Etix Everywhere. Comment: So a REIT for its data center and ETIX is buying out AIT and WHA in one of their data center co’s MCS: reassures solid 1Q from steel module transfer […]
Read More →Notable Transactions Buy(s) THB 191 mn RJH – That’s a large purchase by the independent director JMT – They’re in for an amazing few years….all this bad debt floating around…remember the only npl’s being sold now are pre wuflu. JMART – And he’s still buying Sell(s) THB 322 mn VPO – A sale to a […]
Read More →MAKRO: seek holders approval to recover Lotus Thailand & Malaysia assets transfer upcoming virtual EGM October 12, expects transaction completed within October 25, mulls sell PO to boost free float >15% from current 7% to qualify for SET50. Comment: Just imagine this does a DELTA. And yes recovery in business etc etc. MBK: issues free […]
Read More →AJA appointed by Alibaba to be agent of Alibaba Cloud in TH, target data center demand from large corporate, smart city, 5G & Sattelite connectivity. Comment: Wait what? Perhaps they are just one of 1,000 agents. AUCT upbeats 2H earnings from flooding repossessed vehicles thru auction yards as FI accelerating hair-cut on hire purchase to […]
Read More →