BJCHI said results of the 7 projects worth Bt13b it participated in bidding will be known by end of year, adding to Bt3.5b current backlog, the highest since 2016.

KKP name changed to Kiatnakin Phatra Bank Pcl, effective tomorrow (Aug 20), ticker remained unchanged.

Comment: I suppose they had to make it obvious…

KTC’s P-Loan, KTC Proud, drops 2-5% yoy due to credit stringent on clients working in travel & tourism-related business, shift focus to collateral backed lending, aiming to improve assets quality.

Comment: NPLs/provisions are going to increase dramatically in the next 1-2 months. 

IVL expects 2H turnaround from absence of heavy capex, lower SG&A and improved inventory management, sees demand for technical fiber remained strong, seeks to expand PET recycling business.

Comment: If you have a 5 year time horizon, its a decent entry price here. But given the cyclical nature of their spreads it may be another 12 months before spreads begin to properly improve.

RS cuts revenue target this year to Bt4.2-4.3b from Bt5.25b set earlier, on the pandemic, plans rebranding, changing logo and corporate restructuring to Entertainmerce.

Comment: It’ll be amusing/interesting to see what industry they’ll shift into next.

SEAFCO upbeats 2H earnings on jump start from delay foundation work projects including Central Embassy, Central Plaza Rama2 and Chulaporn university facilities, expects to win additional contracts from Orange and Purple line MRT, hi-speed rail projects before end of year.

Comment: Most contractors have had to delay project work in the 2Q.

SISB said closure of its Ekamai campus has been planned for over a year already, all students and staffs were transferred to Pracha-Utit campus, helping in cost cutting, while construction of Thonburi campus is 85% completed.

SSP plans to up capacity to 400MW, by adding 200MW over next 3-5 years, will issue warrants to raise fund for investment.

TACC sees positive sales momentum 2H after adding non-coffee drinks menu in port, higher traffic at All Café on business & school reopening, adjusted price & drink size to 22oz from 16oz to boost margins, expects all time high profit this year.

THAI to scrap airline subsidiary, Thai Smile, following Bt10b accrued losses past 7 years.

Comment: Well they are fully absorbing it into the Thai Airways corporate entity…

VGI anticipates 2H20 (Oct20-Mar21) turnaround from recovery ad revenue from pending contracts, postponed during lockdown, upside from content business from partnership with GRAMMY and contribution from 23% holding in Kerry Express (TH) as e-commerce grows.

Comment: Whilst a recovery is certain, the magnitude of the recovery isn’t, ad’s will be the last budget component to come back to pre-wuflu levels

Association of Thai Securities Companies (ASCO) reports 7 listed brokers on SET registering Bt31b revenue, Bt500m profit 1H20, 200k new account opened 1H20 as new investors grow during lockdown.

Reminder of XD on Friday: CBG Bt0.9, SMPC Bt0.37, TQM Bt1.00