CPN sets Bt120b capex over next 5 years to invest in new malls in BKK, Nonthaburi & Khon Kaen, will cod Market Place Theparak community mall on Mar 28, followed by Central Park & Central Park offices in Aug and Central Krabi in Oct, revamp malls are set to open later this year including Central Pinklao in 3Q & Central Chaengwattana in 4Q, while Central Bangna to launch in 3Q26, plans to unveil 3 new projects next year including Central Northville in Nonthaburi & Central Khonkaen Campus.

Comment: This capex plan was announced donkey years ago.

GABLE upbeats 1Q earnings from healthy demand for cyber security & business applications on the back of IT infra expansion, target FY25 GPM within 25-30% range, FY25 revenue growth >15% yoy, backlog Bt5.5b-Bt6.5b at end of year

JPARK in talk to manage parking lots capacity 3k slots, expects to conclude deal by end of 2Q, maintain FY25 target at 50k slots from 42k at end of FY24, eyes 30-40% FY25 revenue growth target.

Comment: Still a wonderful business..but who are these owners?

PSL forms venture with Malaysia partners Emstraits Navigation Sdn. Bhd (ENSB) and Lianson Fleet Group Berhad (LFG) to operate charter freight for O&G transports, to balance out revenue mix, diversify coverage from bulk freight to tanker business.

SAWAD reported 4 tranches of CD, paying 3.59% to 4.2% p.a. duration 2 to 5 yr total Bt4b fully subscribed.

Comment: That’s an impressively low interest rate.

TTB rolls out refinance package for good credit profile borrowers: 1) 3.39% interest rate for mortgage entire duration of loan term (MRR-4.215% p.a.) no need to refinance every 3 years. 2) 5.45% interest rate for home loan (MRR-2.155% p.a) vs 7-8% p.a. market avg or can choose to open OD 8% p.a. 3) 13% interest rate for auto loan with 5% cash back on interest paid in the first 12-mth if paid installment on time. 4) P-loan 17% interest rate from 25% p.a., good record 1st year reduce interest by 2% to 15% and another 2% in 2nd yr to 13% p.a.

Comment: It’s becoming harder and harder for even good quality potential homeowners to get loans these days.

TRUE to sell 5 tranches of CD duration 3-10 years, paying interest from 3-3.95% p.a., twice p.a., open subscription from May 2 and May 6-7.

Comment: SAWAD and and TRUE getting similar rates? Now you know the fixed income market is screwed up in Thailand…