MINT says worst is over in 2Q20, 70% of hotel operations and 90% of restaurants has resumed. Comment: One would hope so. And now with their balance sheet “saved” with the recent cap raise. Each quarter for the next 16 quarters will show constant improvement. MTC sees solid recovery in 2H from school reopening and […]
Read More →CPF’s founding family, Chearavanont, ranked 21th in the world richest family, highest among Thailand, with assets worth US$30.7b, Bloomberg. GUNKUL sees earnings bottom-out 2Q, 60mw Vietnam solar able to offset power equipment trading and underground wiring projects delayed from lockdown, expects solid turnaround 2H from JPN & TH solar high season, resumption of infra construction, […]
Read More →AOT: mulls sending subsidiary, AOTGA, to replace THAI for ground operations, will signs Bt 9.7b SIA 3rd runway construction contract with NWR in August., target cod FY23. Comment: But all the news is about the reduction in income from the duty free player… ILM: launch built-in & custom made furniture services, Younique, to fill demand […]
Read More →ANAN target Bt8b transfer in 2H from completion of 5 condos projects total Bt21b, 7 ready to move in projects 90% booked account for Bt20b. Comment: The question for prop co’s have been 1) GPM impact 2) Shift to low rise vs high rise and how they’ll manage this. BCPG & TEAMG win district cooling […]
Read More →ADVANC wins court battle against NBTC, who tried to force ADVANC to pay Bt7.2b remedy packages to 900MHz subscribers. Comment: So the NBTC just wasted our taxpaying money, no surprise. ITEL: signs a data service contract with KTB worth Bt 165m, lifts backlog to Bt 4.53b, target 20% CAGR over next 3 years. Comment: Anyone […]
Read More →EASTW give 1.5% discount on tap water sales to Provincial Waterwork Authority for 3 months from April to June 20 to aid those impacted from COVID 19. Comment: Not much of a discount…water has been the only utility to not be targeted for discounts by any government for the past 15 years (from memory) HANA […]
Read More →AOT sees 53% drop in passengers this year to 66.58m, 44.9% drop in flights to 490K, sees recovery October 2021. KTIS to sell a 5 liter 70% alcohol under KNAS at 7-11 for Bt300, will launch 1 liter at Bt89. MTC and SAWAD are among leasing firms getting Bt5b soft loan each from Government Saving […]
Read More →APCO upbeats 1Q earnings from strong sales of health supplements products as demand for immunity booster grows. MTC said DSI’s officials raided its offices on March 20, following complaints about its lending rates, yet no charge was files. MTC said it charges <28% annual loan rates, in compliance with BOT’s rules. Comment: Well they are […]
Read More →BAY tightens credit screening for consumer credit clients especially Gen Y who earns <Bt30k/month, see NPLs, aims to curb NPLs from cards & consumer loans within 0.3% from current 0.2%. Comments: And should this generation of consumers lose access to credit which was freely available to the previous generation. Then don’t expect to see any […]
Read More →MTC sees record high 4Q on seasonal, reaffirms 25-30% loan port growth, <2% NPL, sets 20-30% revenue and profit growth target for next year. Comment: A friend in this industry has gently informed me that my thoughts of MTC and SAWAD are lying on their NPLs are incorrect. He informed me that the real default […]
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