BoT upbeat on fourth-quarter outlook : Key official strikes bullish note for next year, predicts accelerated public spending . Even though the economy got off to a rough start in the fourth quarter, the Bank of Thailand remains optimistic that the period’s reading will fare better than the third quarter’s. Bangkok Post Defence ‘off-budget’ spend […]
Read More →BJC to open 1st BIGC in Cambodia Poi Pet, with Bt300m investment, target Bt1m sales/day, sees seasonal 4Q to boost revenue growth by 4-5% yoy as planned. CK signs Bt6.6b Rama 3 expressway contract. COM7 sees record high quarterly profit in 4Q, +44% yoy, boosting FY19 up 33% to Bt1.18b, helped by strong iPhone 11, […]
Read More →GGC said Nature Works USA is interested in building a biopolymers plant at its Bio-complex in Nakornsawan. GLOCON to revamp food business strategy by expanding A&W Express and in 7-11, targeting 20-25% revenue growth at A&W. Comment: Not sure they will be actually able to do anything with this brand, there’s a lot of competition […]
Read More →AOT sees FY20 turnaround from higher contribution of new duty free concession kick-off September 20, pick up counter concession at SIA and DMK airport to announce winner January 27,20, seeks to expand non-aero revenue to balance revenue mixed. Comment: Their business should be focused upon improving efficiencies further at the airport BCPG sets next year EBITDA […]
Read More →AH sets >10% revenue growth target next year after stripping off SAGUSA and oversea sales growth, firm on 10% revenue growth target this year, albeit lower yoy. Comment: Hmmm I wonder acquisitions they will try to pull off next AMATA expects IE land sales momentum carry thru FY20 driven by transfer of backlog at Amata […]
Read More →Is reality finally setting in the amongst the large caps that have been keeping the market up? Ex the top 20 names performance over the past few years the SET would be back below 1,500. Note: MTD is for Dec ’19
Read More →Notable Transactions Buy(s) THB 366 mn DCC – A swap between the major shareholders, but in the warrants RJH – The Managing Director buys a decent chunk of shares. Sell(s) THB 1.69bn RS – Another massive block sale by the founder, this time to King Power, whom state its a “long term investment” DCC – […]
Read More →Opposition to target economy, corruption in censure debate : The opposition is ready to censure the government for its mishandling of the economy, policies it says benefit big businesses and alleged corruption in government agencies, according to Pheu Thai Party chief strategist Sudarat Keyuraphan. Bangkok Post Govt preps B50bn for stimulus : Big cash injection […]
Read More →AMATA sees solid 4Q after closing deal to sell 200 rai of land, but admitting FY19 land sales will miss. Comment: And Vietnam isn’t performing either, infact nothing has performed for AMATA despite the share price increase over the past 3 years CENTEL: Centara Grand hotel at Central World kick-off food delivery service via Grab […]
Read More →Commerce Min’s Intellectual Property Dept, in partnership with CPALL, yesterday kicked off a scheme to sell geographical indication (GI) products online. Comment: Shall we just call this the CP Government? CK to sign Rama 3 (4th contract) worth Bt6.6b on Dec 3, while winners of 1st and 3rd contracts to be known by December. IRPC […]
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