Stocks in the news (aira, amata, bbl, kbank, ktb, tmb, bgrim, etc, glocon, ptt, sapli, stgt, tqm, wp) 14.12.20

AIRA sells 20% stake in leasing unit to NEC Capital, an affiliate of Sumitomo Mitsui Finance & Leasing co.

Comment: Just looking at their numbers you can see that the company has to raise capital.

AMATA sets 950 rais land sales target next year, sets Bt4-5b capex.
BBL, KBANK, KTB and TMB delay plan to purge distressed debts, mulls restructuring to avoid pressuring price, Bangkok business news.

Comment: Of course they want to, why? The pricing on distressed debt is falling, simple reason supply of distressed debt for sale outweighs the amount buyers have (our rough estimates shown ~close to 600 bn in official bad debts, 70-80 bn new ones in 2020, buyers able to take 50 bn). Boon time for JMT and CHAYO. But a fear is what if the banks decide to turn their balance sheets into Japanese banks?

BGRIM’s 39mw solar projects in Cambodia on track to cod by end…