The Administrative Court made a temporary protective order for BTS and ordered the Mass Rapid Transit Authority of Thailand (MRTA) to withhold the original bidding conditions for the MRT Orange Line Project “Bang Khun Non – Min Buri (Suwinthawong)”. However, analysts expected MRTA to appeal and the submission for a budding proposal would be extended further.
TMB reported a lower net profit for 3Q20 at 1.61 billion baht after setting a provision of 6.86 billion baht. However, the company still had a capital fund of 18.9%. Meanwhile, the ratio of customers requested for temporary debt suspension dropped from 40% to 20% of total loans.
BGRIM signed a US$186 million green loan with ADB to finance for the 257-megawatt (MW) solar power scheme in Phu Yen Province, emphasizing that the financing further cemented the long-term partnership between BGRIM and ADB which is one of the major financiers of the Phu Yen scheme.
PRAPAT revealed that the 3Q20 earnings will outperform its 2Q20 performance as hotel businesses started to recover as well as the F&B businesses. Meanwhile, the sales and services for customers continued to grow. The company expected revenue in 2021 will reach 900 million baht, an increase of 10% from this year.
Analysts advised investors to keep a close eye on the protest for the constitutional amendment in which the index could rebound in line with the progress. Meanwhile, the Thai stock market made a deepest decline among the global stock market in the past three days. Thus, advised to invest in strong fundamental stocks with good dividend yield such as JMART, PTTGC, STA and TU.
