BCPG BPCG expects to book extra gain of Bt3.185bn from the sale of two power plants to a mutual fund in Japan. It has budgeted Bt10bn and is working with a foreign partner to set up a 100MW power plant. The decision will be known in 2H18. It expects 2018 revenue growth of 15-20%. (Thun […]
Read More →CENTEL CENTEL expects 2018 revenue growth of 7-8% supported by high season, economic growth and recovery of Chinese tourists. It is acquiring 2-3 food companies both at home and abroad. One acquisition will be clear this year. It has raised its investment budget to Bt3bn (from Bt2.4bn) to support its revenue growth. (Thun Hoon, 22/8/18) […]
Read More →ADVANC ADVANC announced that it holds 40 MHz on Super Block 1800 MHz which speeded up 4G by 1530% on mobile phones. One third of its customers are using 4G service. It expects to start the Super Block service in September. It says it has the most frequency spectrum in the industry. (Kao Hoon, 21/8/18) […]
Read More →Anddd his latest commentary is out, here are some snippets and a link to the rest of the article: As for the 2020 Presidential election, many attending thought Donald Trump would have a second term. True, the Federal Reserve was raising interest rates and shrinking its balance sheet and the European Central Bank was talking […]
Read More →EASTW EASTW is preparing to sign a water sales contract with GULF on Aug 24 to supply 60k cubic meter per day. The contract period is 25 years, worth Bt6bn. This will increase EASTW water sales volume. (Thun Hoon, 20/8/18) GCAP GCAP plans to adjust 2018 loan target from Bt1.8bn. The outcome will be clear […]
Read More →When looking at the macro picture (I’m just a tourist at this, far from an expert) I see record shorts in US treasuries, record longs in the USD, should this shift along with a US/China relaxation of the trade war rubbish, I wouldn’t be surprised to see the markets in Asia recovering strongly.
Read More →Notable Transactions Buy(s) THB 30.7 mn N/A Sell(s) THB 11.4 mn N/A Note: There is a slight change in format, now the full company’s names and tickers are included, this is due to the SEC upgrading their website and data. Additional changes in the data include (but not in today’s post as there are none) […]
Read More →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 […]
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