The BOT decided to wake up and follow the ECB and BOE last Friday night by announcing that no banks are allowed to pay interim dividends. And yet they still say there are no rise in bad loans or NPLs. At what point will these institutions realise that we know they are full of h$it? […]
Read More →Notable Transactions Buy(s) THB 45 mn n/a Sell(s) THB 103 mn MORE – So a director of this rather funny company sold some shares, this was formerly known as DNA2002, or DNA. Now the company is called “more return”. I wouldn’t be surprised if it is just more return to their own pockets.
Read More →Ministry cuts oil price, keeps LPG subsidy : The Energy Ministry has cut the exrefinery oil price by 0.5 baht and will continue to subsidise gas purchases as part of its ongoing measures to provide relief to an economy battered by Covid-19. Bangkok Post Cabinet gives the nod to B3.3tn fiscal budget bill : The […]
Read More →FTSE rebalance today may see as much as Bt3.6b outflows, after FTSE All World cuts SET weighting to 2.98% from 3.05%, while FTSE SET index sees additions in CRC, DIF, ACE, BAM, RBF. ADVANC signed JV Saha Pathana Group to develop fiber infra to expand corporate BB, data center, 5G solutions and cloud services for […]
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 →ADVANC sees positive 3Q momentum from higher ARPU as deep discount package already expired since end of-May, higher market share on FBB supported by WFH demand. Comment: Still curious to see the 5G story play out. If anyone has a decent paper out there on 5G please send it across, specifically the beneficiaries. NPLs expect […]
Read More →ASAP expects windfall from domestic tourism stimulus package, will add 2k vehicles to replace outgoing fleets to used car portfolio. Comment: Sure it will help some, but at the end of the day, international tourists are a significant portion of rentals. JKN raises capex for new contents to Bt1b from Bt800m, on strong prospects for […]
Read More →These will be implemented at the end of June. See the link below for the all changes in domestic indices. SET50 reshuffle for 2H20. Adds: BPP and TTW Dels: BANPU and DELTA. SET100 reshuffle for 2H20. Adds: AAV, ACE, DOHOME, RBF, SIRI, TVO, WHAUP Dels: BGC, DELTA, MBK, PSL, STPI, THAI, THG. Source: SET
Read More →ADVANC wins court battle against NBTC, who tried to force ADVANC to pay Bt7.2b remedy packages to 900MHz subscribers. Comment: So the NBTC just wasted our taxpaying money, no surprise. ITEL: signs a data service contract with KTB worth Bt 165m, lifts backlog to Bt 4.53b, target 20% CAGR over next 3 years. Comment: Anyone […]
Read More →The energy sector will be under some pressure as oil prices have declined (Brent is down from 42 to 37). I still think that the bank rally was a dead cat bounce, there’s nothing positive going on there. Hotels are being filled up with local tourists, especially those within 200 km from Bangkok, so Ayudhya, […]
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