BPP and TTW may be added to SET50 for 2H20, and ACE, TVO, WHAUP, DOHOME, SIRI, RBF, SISB to SET100, while BBL may be added to MSCI Standard, Tabloid. GGC reports 1Qnp at Bt238m, +984% yoy vs Bt228m estimate, thanks to reformulated biodiesel to B10 from B7 effective January 1, will scale back methyl ester […]
Read More →AOT expects 92 flights on reopening May 1, psx remains low at 3-4kpd, no plans to cut airport tax. LPN: SSO cut holding by 0.2383% to 4.9791% of total outstanding last Fri (Apr 24), SEC filing. MAKRO upbeats 2Q earnings following debut of mobile app to boost online sales, expects e-commerce continue to grow amid […]
Read More →AWC, KTC, TOA are expected to be added to MSCI Global Standard to be announced May 12, tabloid. BA to resume domestic flights on May 15, starting with 2 flights to and from Samui daily. Comment: The samui monopoly (okok market leader) begins. BTS will increase trains frequency to avoid overcrowded on lockdown easing starts […]
Read More →EA upbeats 1Q earnings from higher revenue recognition yoy from 664mw capacity, mulls to revise down full year revenue growth target from 30% as EV business and biodiesel are taking hit from virus, seeks M&A to boost capacity. Comment: EV business….sorry but with the issues surrounding the raw materials for this battery tech I don’t […]
Read More →AKR branches out from power transformer business to solar rooftop turnkey contractor, Bt450m backlog to realize this year, maintaining Bt1.6b full year revenue target. Comment: The numbers make sense for this solar business as the owner i.e. factories etc, payback period is fast, hence why one shouldn’t be surprised to see GFPT maintained 7.7k tons […]
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 →AP keeps Bt40.55b transfer target this year, +25%, and pre-sales at Bt33.5b, but will adjust business plan and forecast in April. Comment: That’s a ballsy target, I wonder what the sacrifice in margins will be AWC shuts down 5 hotels in BKK, Marriot, Le meridian, Okura & Hilton, from March 26 – April 15. Comment: […]
Read More →AMATA keeps 10% land sales growth target, after having sold 50-60rais. Comment: Absolute rubbish. Then again 2019 was disappointing, as was every year since the share price ran because of the EEC AMATAV sees no impact from covid-19, maintaining Bt1.5b revenue target from contribution from IEs in Vietnam in 2H20. Comment: See above DOD reaffirms […]
Read More →GUNKUL sees solid 1Q after realizing 94MW solar farms in Vietnam and Japan, in talk to acquire windfarm in Vietnam in 3Q. HMPRO sees negative SSSG 1Q from lower traffic amid virus, aims to curb costs, adds campaign to boost online sales, sets Bt5b budget to add 5 branches & revamp existing outlets. Comment: Everyone […]
Read More →BAY expects 1Q loan growth shrink more than 10% yoy, sees sharp declines in new home sales, roll-out refinance package to draw mortgage clients. Comment: 1Q20 is a recession quarter, 2Q20 is still up in the air, 2H20 is, I suspect, a recovery period, and 1Q21 everyone will look amazing compared to the year before […]
Read More →