Populist budget close to legal limit. Little room remains in the budget for the government to spend further on populist policies through state-owned financial institutions, as populist spending is nearing the cap of 30% of the annual budget, says an informed source at the Finance Ministry. (Bangkok Post, 14/08/18) Ageing Society may slow GDP. BoT […]
Read More →BANPU BANPU expects 2018 revenue of US$3.5bn, +25%YoY. It expects 2H18 coal price at US$100/ton. It maintains its target sales volume at 45mn tons. (Kao Hoon, 17/8/18) BGRIM BGRIM signed a contract to purchase 80mn shares or 80% of Fujian TTP Joystock, the owner of a 257MW solar power plant in Vietnam. The purchase is […]
Read More →Do Day Dream PCL (SET:DDD) Chief Financial Officer, Khun Piyawat Ratchapolsitte discusses the company’s strategy and outlook TET: Please explain the history of DDD. DDD: The founder, Dr. Sarawut Pornpatanark had a desire to do something different from the family business and launched DDD in 2010. Initially we were focused on OEM manufacturing for smaller domestic brands […]
Read More →AMATA AMATA announced dividend of Bt0.23 per share after reporting 1H18 earnings of Bt601mn. Current backlog is Bt1.5bn. It expects 2H18 transfers to accelerate mainly from EEC. (Thun Hoon, 16/8/18) Comment: EEC transfer are not going to be seen until the government actually puts pen to paper the laws and benefits ANAN ANAN says transfers […]
Read More →AOT AOT fundamentals are strong. It reported 3QFY18 earnings of Bt6.42bn, +19%YoY, and 9M18 earnings of Bt19.9bn, +18%YoY. Passenger pass-through in the first nine months was 106.2mn. (Kao Hoon, 15/8/18) Comment: The china tourism issue is to me, a short term hiccup. Biggest issue for Thailand will be the country’s infrastructure capacity EA EA reported […]
Read More →ATP30 ATP30 reported earnings growth of 169.75%YoY in 1H18 as a result of revenue recognition from new customers and THE tourism business and lower depreciation. The company plans to add 20 buses and is dealing with three new customers. It expects bus demand to rise in tandem with growing Thai tourism. (Thun Hoon, 14/8/18) Comment: […]
Read More →One one question, was this just a relief rally seen in the markets?
Read More →Notable Transactions Buy(s) THB 18.8 mn N/A Sell(s) THB 149.5 mn D – This director, the second largest shareholder has sold 1/3 of her holdings
Read More →TTW PCL (SET:TTW) Managing Director, Ms. Walainut Trivisvavet discusses the company’s strategy and outlook TET: Please explain TTW’s business model. TTW is Thailand’s largest private tap water producer and distributor with a production capacity of 540,000 m3/day. We produce and distribute tap water to the Provincial Waterworks Authority (PWA) for two provinces, Nakorn Pathom and Samut Sakorn. […]
Read More →High-speed airport rail headed to Rayong. The committee for special economic zone development in the Eastern Economic Corridor (EEC) scheme has approved a 30-km extension of the high-speed railway that will connect three airports to Rayong province, for an estimated Bt10bn expenditure. (Bangkok Post, 04/08/18) Ad spending on digital TV up 13% YoY. Advertising spending […]
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