So the news is out. Let’s just go straight to the hotel stocks. Thoughts: This too shall pass. It’ll probably end up being another good trade/buying opportunity. Difference is that the base of tourism numbers is higher compared to 2015 If the epidemic worsens…losing money on a hotel stock will be the last of your […]
Read More →So The BOT has relaxed its rules on the property sector for the Loan to Value (LTV). Now the details are as follows: Effective date 20th Jan 2020 First home/contract units < THB 10 mn – 100% + 10% of top-up loans Second home/contract – 10% (previously 20%) downpayment for those that have a first […]
Read More →BAM opens debt clinic office in Phuket, aims to fill demand for restructuring, property auction and selling. DELTA sets Bt300m budgets to expand EV charging stations coverage from current 50 locations, target 90-100 stations by end of year. Comment: Well the news flow is becoming stronger on the EV story here in Thailand…still have my […]
Read More →Energy Regulatory Commission (ERC) expects ESSO, SPRC and IRPC to comply with Euro5 std by FY24; whereas, only 3 refiners PTTGC, TOP and BCP capable at the momentum, seeks to promote use of B10 & B20 positive biodiesel producers: EA, GGC, BGRIM, BCP. CRANE upbeats FY20 outlook from healthy demand for foundation work on infrastructure […]
Read More →Construction players woke up when the government started to work again. Banking is hurt (look at SCB’s recent write-offs I still think there’s more to be written off) and tourism .. wow .. – 28% over 12 months? Doesn’t quite match up with the tourism numbers. Anything interesting this week? Sure, more finco’s reporting and […]
Read More →BGRIM to sign JV with EGAT today to develop 45mw solar floating projects. Comment: Cookie munster #3 (1. IVL, 2. GULF) BJC: Thai antitrust office sets up committee to evaluate impact of Tesco deal to mitigate risk of monopoly. Comment: I wonder which group pushed the government to set this up? CP? Central? It’s the […]
Read More →Notable Transactions Buy(s) THB 22 mn N/A Sell(s) THB 73.9 mn SKY – Another sale by a shareholder/director
Read More →Oil Fund scraps 1-baht discount : Fuel prices to rise by 50-60 satang per litre as tensions ease. The Energy Ministry yesterday announced the end of the onebaht discount on eight types of motor fuel, saying US-Iran military tensions were likely to ease and pose little threat to the stability of oil prices. Bangkok Post […]
Read More →BCH expects recent change to SSO payment scheme to boost revenue by 7-10%, confident of keeping #1 spot for SSO patient scheme with 880K members. Comment: It was a major risk for a short time, but now with this settled, these government reliant hospitals DTAC CEO, Alexandra Reich, resigns, effective February 1, Telenor Myanmar chief, […]
Read More →BBL sets 3-5% loan growth target this year, keeps NPLs below 3%, yet expects overall NPLs to continue to rise this year as the downbeat outlook for local and global economy persists, compounded by potential drought and THB’s strength. Comment: No growth in Thailand. Indonesia is the place to be. LH admits FY19 revenue to […]
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