Stocks in the news (bts, centel, scb, u) 20.09.19
BTS is spending >Bt10b to develop a mixed-use projects on 200 rai along Bang Na-Trat Rd near Thana City, to capitalise on light rail transit (LRT) expected to start construction next year.
Comment: The new cookie munster in Thailand. Just taking everything on sale in Thailand and the region.
CENTEL signs contract KMA Group to manage 95 rooms resort, Centara KMA Resort Inle Lake, in Myanmar, opening 4Q, plans to operate 5 more hotels in Myanmar with KMA Group, expects overall OCC improves during Golden Week in October and thru November.
Comment: And they’re still going to keep expanding. Cleanest balance sheet in the sector.
SCB is waiving digital banking transaction fees for SME customers to migrate to online platform, aims to open new business opportunity via cross selling on app.
Comment: Good for customers and less NII for SCB
U, a unit of BTS, invest $162m in Verso Int’l school with HK partner, situated at Thana City compound on Bang-na Trad, claiming to be the largest in BKK.
Comment: More international schools in Bangkok….I wonder if the quality is worth the price