I still hold to the viewpoint that everything is going to look better QoQ until 2H21, and as such the markets will rally. In Thailand – the protests are priced in, hence the drop in the past 2-3 weeks plus the usual regional fund outflow. It’s earnings season time, latest one today is CPN which […]
Read More →BAM may report strong 3Q at Bt1.76b, +100% yoy, and may book Bt1b gains from asset sales in 4Q, Tabloid. Comment: Highly possible given that nothing really happened in 2Q20 BTS’s Bt8.6b green bond were 3.3X oversubscribed. Comment: Going down the ESG route. HMPRO sees less than 20% drop in profit this year, plans one […]
Read More →Notable Transactions It is earnings seasons and therefore quiet in terms of management transactions until the 15th November. Buy(s) THB 7.7 mn N/A Sell(s) THB 8.5 mn N/A
Read More →US trade move ‘won’t hurt Thai exports’: GSP suspension imposes ordinary tax rate. The Commerce Ministry insisted yesterday the announcement by US President Donald Trump to suspend preferential trade benefits for 231 Thai products under the so-called Generalized System of Preferences (GSP) won’t much affect Thailand’s export to the US. Bangkok Post Phuket chamber lobbies […]
Read More →JKN expects positive earnings momentum continued in 4Q from strong media contents sales, tailwind from home shopping and health supplement products (C-Tria), aiming to scale back content sales revenue to 70% from 90%, commerce & others 30% to diversify risk. Comment: Well let’s see how far this can go. They don’t have the network that […]
Read More →