CHAYO: 33.6m new shares from stock dividend tradable tomorrow, October 30. Comment: And now with a higher equity base, will CHAYO have the 8alls to acquire high amounts of bad debt (should the Banks actually sell them into the market, we’re estimating some THB 500bn of official bad debts across the system by year end) […]
Read More →CRC scales back European malls expansion as pandemic dampen purchasing power, mulls investing in IT & online business to align with new normal. Comment: Without tourism from Asia the malls they have in Europe will be quiet….for Thailand ~20% comes from direct tourism spending. GULF to wrap up 3 hydro powerplants deal in Laos with […]
Read More →AOT approved AAV’s request to partially move its base from Don Muang to Suvarnabhumi, with initial 24 domestic flights, before extending to overseas flights by end of year. Comment: Now the future hordes of Chinese tourists will be at Suvarnabhumi. BBL: Social Security Office cut holding by 0.0188% to 4.9903% of total outstanding on Tuesday […]
Read More →BGC sees revenue reaching Bt20b within 5-year, eyes 7-8 packaging and energy M&A deals, with 1-2 within this year. Comment: If their comps are seeing a huge drop in volumes, BGC could arguably pick up assets on the cheap COM7 maintained parallel approach between on/offline sales, aims to maintain online sales above 10% of total […]
Read More →BTS firms on plan to cod north green line extension Saphanmai-KuKhot in 4Q as light traffic allows construction to get ahead of schedule. CPF sees missing earlier growth forecast of 8-10% this year, cuts capex by half to Bt10b. Comment: If every corporate is cutting capex => less spending => less growth ILINK announced buy […]
Read More →APCO target 70% revenue growth this year driven by sales of medical supplies on the back of Covid-19. Comment: TQM seems to be the name that the retail market has liked for this. BAY sees heavy debt load on GEN Z new grads age 21-24, stringent on consumer credits to curb NPLs Comment: I think […]
Read More →BAY mulls to cut FY20 loan growth projection from current 5-7% from challenging econ conditions, aims to curb NPLs below 2.5%, sees no impact on NII from BOT’s plan to revamp fees structure. Comment: Second to TCHART, BAY has been consistent performer for the past few years KBANK’s 10 days buyback program kick-off tomorrow (Feb […]
Read More →BA may pay special dividend in 3Q, having booked extra gains, yet operation remained sluggish from higher competitions and strong THB. BAY revamps app, U-Choose, to accommodate digital lending, online deposit and e-market place, kick-off services on November. BGRIM reassures solid 4Q from absence of maintenance shutdown and additional capacity from 3 solar projects combined […]
Read More →ASIAN: upbeat 2H earnings from strong pet food sales vol in China following acquisitions of Shangdone Thaiya Meisi Pet foods in 2Q, firms on Bt 10b FY19 revenue target, 10-12% GPM Comment: If thats the case and this is a sustainable contract then perhaps there is something interesting here. Telcos regulator, NBTC, terminates 3 government […]
Read More →AP: report 7mth presales at Bt 24b account for 57% of Bt 41b full year target, target new launch 17 projects (8 SDH, 9 townhome) worth Bt 26.8b for remaining 5 months, Bt 15.52b out of Bt 54.89b backlog to realize this year, maintaining Bt 35.9b FY19 revenue target. Comment: That’s impressive. ERW: to open […]
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