ASIAN reaffirms positive 2Q momentum from recovery demand on pet foods, frozen seafood as shops and restaurants reopen, upbeat sales on frozen crispy fried seafood, will add more products to boost margins. CHAYO branches out from debt management & collection services to telecom sale & call center services to maximize existing resources and social distancing […]
Read More →ASEFA: announcement of share buyback up to 35m shares or 6.36% of paid-up under Bt 120m budget from May 21 until November 20,20. Comment: Another sharebuyback! AWC, TOA, KTC may be added in to MSCI Standard Index upcoming announcement on May 12, tabloid. FLOYD: signed 2 construction contracts for HMPRO & BJC total Bt 163.17m. […]
Read More →KBANK will likely revise financial target this year after the bank’s research unit estimated that the economy will shrink 5% in 2020 amid the pandemic, said CEO. GULF to propose par split from Bt5 to Bt1 at AGM today. Comment: This was announced a while ago, and we wonder if the retail trade for this […]
Read More →BGRIM reassures sustainable earnings as 70% of total power generation capacity sells to authority, EGAT, only 130 corporate clients from total 1,500 companies in industrial estates Comment: These types of businesses should continue to be ok this year. EA sees no issue on Bt3b CD maturity this year, 1Q growth remained intact from higher contribution […]
Read More →ADVANC sets Bt10-15b 1-year capex to expand 5G network, while Fitch said 5G capex is credit neutral. AOT cuts fix rent by 20%, waives minimum payment for revenue sharing for tenants only variable percentages applied from February 1,20 till January 31,21, stretching payment terms for operators in the airport for 6 months for payment due […]
Read More →So The BOT has relaxed its rules on the property sector for the Loan to Value (LTV). Now the details are as follows: Effective date 20th Jan 2020 First home/contract units < THB 10 mn – 100% + 10% of top-up loans Second home/contract – 10% (previously 20%) downpayment for those that have a first […]
Read More →BCP sets oil sales growth t/g this year at 6%, plans 60 new stations, mulls boosting non-oil revenue, including EV charging stations. Comment: All the petrol station co’s have been trying to push non-oil revenues over the past few years, the best has been PTT followed by PTG BGRIM CODed 4.8mw industrial waste pp, lifted […]
Read More →So how much further can earnings deteriorate? Looking into my magic ball of future forecasts, I wouldn’t be surprised that by this time next year 1) Oil is +10-15% higher 2) Soft commodity prices recover 3) Coal prices are +20% or more, and 4) spreads for certain petrochems improve as well. I see that commodities […]
Read More →Notable Transactions It’s interesting to see that there are several owners/directors buying their shares post 3Q19 #’s Buy(s) THB 195 mn RS – Strange, he first sells at 13, and then buys back more at 12.84 ORI – The family is still buying shares. Sell(s) THB 54 mn RS – See above
Read More →And so all 3Q #’s are out, guesstimate is that they are -19% YoY for the market. What’s left for this week? Well its politics fun time! On the 20th November the country will learn whether or not FFP will be disbanded as a political party. My thoughts? This would be positive for the markets […]
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