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Thailand to miss stimulus borrowing this fiscal year, says PDMO
The Public Debt Management Office (PDMO) says Thailand will miss the COVID-19 stimulus borrowing target this fiscal year, ending in September, as the government is spending too long identifying the right projects.The PDMO needs to wait for projects to...
Market Watch
Nok set to resume trading after posting poor first half losses
Nok Airlines PCL (NOK), a low-cost airline in Thailand operating mostly domestic services, and its subsidiaries reported first-half losses of 3,750.61 million baht, down -215.8 per cent from 1,187.70 million baht in the same period in 2019.The company...
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Game streaming on the rise in Thailand fueled by E-Sports, coronavirus lockdown
People watching videogame streamers or streaming videogames has risen throughout the world and Thailand in the past year, fueled by the rising popularity of E-Sports and the coronavirus lockdown.According to popular streaming platform Twitch, the company saw 3.5...
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Siam Cement shares rise as packaging subsidiary IPO subscription announced
The Siam Cement PCL (SCC)'s Initial Public Offering (IPO) of its subsidiary packaging firm received a great response with the shares jumping by 4.66 per cent to 359 baht, an increase of 16.00 baht, at 10:25 a.m. on Monday...
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GULF to acquire up to 10 per cent of INTUCH shares
Gulf Energy Development PCL (GULF), one of Thailand’s largest electricity-generating firms, announced that the Board of Directors has approved its acquisition of up to 10 per cent of ordinary shares in INTUCH Holdings PCL (INTUCH) from 7.99 per cent.The...
Market Watch
STA to face small impact from anti-dumping investigation of Thai auto tires to the U.S.
The new assessment into Thailand’s tires export to the U.S. is likely to pose a slight contraction on related stocks, such as Sri Trang Agro (STA), analysts said.The U.S. ascertained that Vietnam's currency was being undervalued by 4.7 per...
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MAJOR say worst is over as it sees signs of recovery in second half of 2020
Major Cineplex Group PCL (MAJOR) said this week that its business has started to gradually recover as more movies are coming on screen in the second half of the year, saying that it expects a good return from the...
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AMATA holds same 2020 outlook as uncertainties lie ahead
Amata Corporation PCL (AMATA), a leading industrial city developer, revealed that the company still maintains its target for 2020 at 950 rai of land sales. Land transfer revenue also accounted for 60-70 per cent of the backlog at the...
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VGI reports advertising losses but digital gains during coronavirus pandemic
The coronavirus-hit economy has led to a delay in advertising spending for most businesses, resulting in losses for the advertising giant ‘VGI’ to the tune of 104 million baht or -134.2 per cent in the first quarter 2020/21 with...
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KBANK and SCB shares drop slightly as bankruptcy rumor offset by BOT
The share prices of Kasikorn Bank and Siam Commercial Bank drop slightly on Monday morning due to rumors of the possible collapse of commercial banks in Thailand.During the weekend, Rangsan Thanapornpan, a Thammasat academic, said in an interview with...
