Sunday July 12, 2020 01:32

BILLION Press Releases

“Morphosis Apps” continues to penetrate the online platform market worth 200 billion IT—10 Jul 20

“Morphosis Apps” continues to penetrate the online platform market worth 200 billion, through their expertise in UX strategies focusing on ease of use, accessibility for users, closing blind spots and fixing applications hard to use In this

Fitch Affirms Risland (Thailand)'s Guaranteed Debentures at 'AA(tha)' Stcoks—09 Jul 20

Bangkok--9 Jul--Fitch Ratings

Fitch Ratings (Thailand) Limited has affirmed the National Long-Term Rating of residential-property developer Risland (Thailand) Company Limited's (RLT) THB1.5 billion guaranteed debentures due 2022 at 'AA(tha)'. The Outlook is Stable.

KEY RATING DRIVERS

The rating on the guaranteed debentures reflects the credit enhancement provided to investors by the full, unconditional and irrevocable guarantee by RLT's parent, Country Garden Holdings Company Limited (CGH, BBB-/Stable). The guarantee ranks at least pari passu with CGH's unsecured and unsubordinated obligations.

DERIVATION SUMMARY

The rating of RLT's guaranteed debentures is based entirely on the credit profile of the guarantor, CGH, which is a leading homebuilder in China with one of the most well-diversified land banks among its peers, which helps it to sustain sales through business cycles.

CGH has a significantly larger operating scale and greater geographical diversification of cash flows than peers in Thailand such as Thai Beverage Public Company Limited (ThaiBev, BBB-/AA(tha)/Negative), the country's market leader in spirits and beer. ThaiBev's smaller scale is offset by its dominant market position in spirits in Thailand, while the Negative Outlook on its ratings reflects the challenges the company faces in the medium term in reducing its leverage.

CGH has a st

Fitch Rates IRPC's New Debenture Programme 'A-(tha)' Stcoks—09 Jul 20

Fitch Ratings (Thailand) has assigned IRPC Public Company Limited's (A-(tha)/Stable) upcoming THB28 billion medium-term debenture programme a National Long-Term Rating of 'A-(tha)'. Debentures under the programme will be senior unsecured with a maturity

Air Products, ACWA Power and NEOM Sign Agreement for $5 Billion Production Facility in NEOM Powered Energy—08 Jul 20

The World's Largest Green Hydrogen Project Will Supply 650 Tons Per Day of Carbon-Free Hydrogen for Transportation Globally and Save the World Three Million Tons Per Year of CO2 Air Products, in conjunction with ACWA Power and NEOM, announced the

OneWeb Announces HMG and Bharti Global Limited Consortium as Winning Bidders in Court-supervised Events—07 Jul 20

- A consortium of Her Majesty's Government (HMG) (through the UK Secretary of State for Business, Energy and Industrial Strategy) and Bharti Global Limited have committed to provide more than USD$1 billion to acquire OneWeb and fund the full restart of

LIXIL introduces the SATO Tap, a novel handwashing station that aims to improve hygiene for Events—02 Jul 20

Washing your hands thoroughly with soap reduces the spread of disease and can help prevent COVID-19 infection. But for approximately 3 billion people around the world, this step is out of reach. According to UNICEF, 40% of the world’s population

Ericsson Mobility Report: COVID-19 impact shows networks’ crucial role in IT—29 Jun 20

- Thailand is the first country in South East Asia to commence commercial deployment of 5G in March this year. Ericsson (NASDAQ: ERIC) expects the global number of 5G subscriptions to top 190 million by the end of 2020 and 2.8 billion by the end of

Krungsri makes progress on BOT soft loan scheme, providing soft loans worth 9.3 billion baht to Stcoks—26 Jun 20

Krungsri(Bank of Ayudhya PCL) unveiled the latest progress in arranging soft loans for small and medium-sized enterprises (SMEs) affected by the outbreak of the 2019 coronavirus or COVID-19 through the soft loan scheme offered by the Bank of Thailand

Global Fund COVID-19 Report: Deaths from HIV, TB and Malaria Could Almost Double in 12 Months Heathcare—24 Jun 20

A new report released by the Global Fund today estimates that countries affected by HIV, tuberculosis and malaria urgently need US$28.5 billion to protect the extraordinary progress achieved in the fight against the three diseases in the past two

Chongqing Liangjiang New Area kicks off second venture General—22 Jun 20

June 18, 2020 marked the 10th anniversary of the establishment of Chongqing Liangjiang New Area. According to Chongqing Liangjiang New Area Administrative Committee, the region's GDP increased from 100.2 billion yuan to 339.1 billion yuan from 2010 to

Revitalize MICE; TCEB to spend one billion baht to boost domestic MICE, upgrade hygiene standards Events—19 Jun 20

Thailand Convention and Exhibition Bureau (TCEB), with one billion baht budget allocation, outlines its strategies to bring MICE industry (Meetings, Incentives, Conventions and Exhibitions) back to life by stimulating domestic market, heavily bidding for

Thailand BOI Approves Over 40 Billion Baht in Large Scale Projects, Commits to Sustainable Events—17 Jun 20

The Thailand Board of Investment (BOI) today approved five large-scale projects with a total investment value of 41.8 billion baht (US$1.35 billion) and measures to strengthen the country’s agricultural sector and agro-industry in line with the BCG

JAS Q1 earnings rises, reporting more than 10 billion baht profit, as 'Work From Home’ Stcoks—08 Jun 20

JAS reported a net profit of 4.766 billion baht in the first quarter of 2020, a four percent increase from Q1 2019’s 4.588 billion baht. The company and its subsidiary have accumulated 6.898 billion baht (Consolidate Financial Statement) and 13.604

Alibaba Contributes RMB3.4 Billion to Support the Global Fight against General—05 Jun 20

Alibaba Group Holding Limited (NYSE: BABA; HKEX: 9988; “Alibaba”, “Alibaba Group” or “Group”) today announced that it has contributed around RMB3.4 billion to support the global fight against Covid-19, which includes

BTS GROUP FY 2019/20 NET PROFIT GROWS 184% YoY TO 8.2 BILLION BAHT AGAINST THE COVID-19 PANDEMIC Stcoks—02 Jun 20

BTS Group Holdings Public Company Limited (BTS Group) posted an excellent set of financial results for fiscal year 2019/20 (from April 2019 to March 2020). In spite of slowdown in the last quarter of fiscal year due to the outbreak of the coronavirus

Economic slowdown and oil price war bring down Thai listed companies’ first-quarter net Stcoks—25 May 20

Q1 total sales down 4.3 pct y-o-y to THB 2.68 trillionNet profits fell 60.5 pct y-o-y to THB 98.52 billion during Jan-MarFood & Beverage, Finance & Securities and Packaging sectors reported earnings growth. BANGKOK, May 22, 2020 - Securities

mai-listed firms post first-quarter net profit of THB 717 million Stcoks—25 May 20

Q1 aggregate net profit down 58.58 percent y-o-y to THB 717 millionCombined sales down 1.56 percent to THB 42.13 billionResources industry group recorded sales and net profit growth. Companies listed on Market for Alternative Investment (mai) reported

Fitch Downgrades Esso (Thailand)'s Bills of Exchange to 'F2(tha)' from Stcoks—22 May 20

Fitch Ratings (Thailand) has downgraded the National Short-Term Rating on Esso (Thailand) Public Company Limited's (Esso) bills of exchange revolving programme of up to THB12 billion to 'F2(tha)' from 'F1(tha)'. The maturity of each series of bills is no

XCMG Jumps up to Global Top Four on KHL's Yellow Table 2020 Continuing to Lead Chinese OEM Energy—20 May 20

With revenue of USD 11.162 billion, XCMG (SHE: 000425) has moved up to 4th place in the ranking of the world's top 50 construction equipment manufacturers, according to the Yellow Table 2020 released by British publisher KHL Group. XCMG once again leads

CRISIL has Reaffirmed 'CRISIL AAA / Stable' Rating on INR 36.5 Billion NCDs of Embassy Office Parks Properties—19 May 20

On 16 May 2020, CRISIL reaffirmed the 'CRISIL AAA/Stable' rating on INR 36.5 billion non-convertible debentures (NCDs) of Embassy Office Parks REIT (NSE: EMBASSY) (BSE: 542602) ('Embassy REIT'). Mike Holland, Chief Executive Officer of Embassy REIT,

Zoomlion Reports First Quarter 2020 Results Events—19 May 20

Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) announced financial results for its first quarter on April 29. Operating income was 9.066 billion yuan (USD 1.276 billion), 49.9 million yuan (USD 7.05 million) increase versus the

SET market report for April 2020 Stcoks—12 May 20

The Stock Exchange of Thailand (SET) Index ended April at 1,301.66 points, gaining 15.6 percent from the preceding month, while the average daily trading value of SET and Market for Alternative Investment (mai) surged 28 percent to THB 68.09 billion

BTS Group Green Bond wins the Best Green Bond Award 2019 Stcoks—08 May 20

BTS Group Holdings PLC has won the "Best Green Bond Award”, in the category of Best Deal - Transport and Infrastructure, at The Asset Triple A Sustainable Capital Markets Regional Awards 2019. The 13 billion baht multi-tranche senior and unsecured

FutureTales Lab by MQDC Warns of 5 Dangers for Kids amid School Closures General—07 May 20

In response to the COVID-19 outbreak the Ministry of Education has postponed the start of term from mid-May to 1 July 2020. Schools are currently closed in 186 countries, affecting up to 1.3 billion students, or 73.8% of children and teenagers

KBank sets aside 1 billion Baht for small SMEs to keep more than 41,000 workers under the Stcoks—05 May 20

After the launch of the “Generous (Business) Owners - Empathetic Creditor” initiative in mid-April, KASIKORNBANK (KBank) continues to provide assistance to SME businesses. Recently, the “Zero Interest-rate Loan to Retain SME

Yiling Pharmaceutical to Increase Productivity of Lianhua Qingwen Heathcare—05 May 20

Yiling Pharmaceutical (002603.SZ) announced to launch the productivity-improving project of Lianhua Qingwen, a traditional Chinese medicine (TCM) used mainly for the treatment of colds and viral influenza. The Company is set to produce 7.5 billion

Xinhua Silk Road: Chinese dairy firm Yili's revenue rises 13.41 pct in General—30 Apr 20

Inner Mongolia Yili Industrial Group Co., Ltd., one of the Chinese dairy giants, has registered revenue of over 90 billion yuan last year, up 13.41 percent year-on-year, ranking No.1 in the Asian dairy industry for six consecutive years. Its net profits

“KIATNAKIN” AND“GENERALI” JOIN FORCES TO PROVIDE THB 1.6 BILLION INSURANCE Stcoks—29 Apr 20

Kiatnakin Bank has joined forces with Generali Thailand in a charity project called KKGEN PROTECT OUR HEROES to provide Covid-19 insurance to medical professionals in five public hospitals across the country. Under the project, up to 8,000 insurance

Huawei Announces Q1 2020 Business Results IT—22 Apr 20

Huawei today announced its business results for the first quarter of 2020. In Q1 of this year, Huawei generated CNY182.2 billion in revenue, an increase of 1.4% year-on-year. The company's net profit margin in Q1 2020 was 7.3%. As COVID-19 continues

KTC Q1/2020 grew both in income and profits. Getting up to speed in business operation adjustments, Stcoks—20 Apr 20

KTC reports its Q1/2020 business operations according to the new TFRS9 standard, announcing a net profit of 1.641 billion. Strong growth for credit card receivable, financial cost, and non-performing loans (NPL) were at a satisfactory rate. The firm is