Nod for Bt631bn EEC, water projects. The cabinet yesterday approved a budget of Bt631 billion to develop five infrastructure projects on the Eastern Economic Corridor (EEC), and seven water management projects. (The Nation, 31/10/18) EEC Office assigned B100bn yearly target. The Eastern Economic Corridor (EEC) Office has been told that its key performance indicator (KPI) […]
Read More →ADVANC ADVANC reported 3Q18 earnings of Bt6.8bn, -9%YoY. 9M18 earnings were Bt22.84bn, +2.1%YoY. It revised down service revenue growth to 3.5%-4.5% from the earlier 5-7%. 9M18 revenue grew by 3.9%YoY. (Kao Hoon, 2/11/18) Comment: If ADVANC is struggling, what will happen to TRUE and DTAC? AEONTS AEONTS is hurrying to introduce a marketing campaign to […]
Read More →BEM BEM notified arbitrator that the Expressway Authority of Thailand (EXAT) already paid the premium difference between the Chalerm Mahanakorn and the Si Rat Expressway toll plus interest. There are many cases that BEM expects to win. (Thun Hoon, 1/11/18) Comment: Well EXAT did just make a bucketload from TFIFF… so was that used to […]
Read More →So foreign investors have been selling Thailand for the past 12 months, heavily, who’s picking up the slack? It’s quite obvious as seen per the below. Now why the f is the THB still strong some may ask? A few factors, but look at the second group of charts. The bond market is attractive in […]
Read More →AOT AOT reports FY2018 passenger pass-through of 139.52mn, +8%YoY. Flight volume was 875k. Suvarnabhumi handled 62.81mn passengers above capacity and Don Muang Airport had 40.56mn more than its capacity. Management says Chinese passengers numbered 19.79mn, +21.8%YoY. (Kao Hoon, 31/10/18) Comment: What slow down in passenger numbers? BTS BTS says subsidiary BSR will submit an application […]
Read More →BEAUTY BEAUTY expects government to approve visa fee exemption which will benefit to its business. It expects 4Q18 results to be good, supported by high season. It continues to add new stores to boost its revenue. (Thun Hoon, 30/10/18) Comment: Nothing wrong with the business we think, just the value of the shares. For the […]
Read More →BAY BAY doubles capacity for mobile banking transactions. Bank of Ayudhya (BAY), the country’s fifthlargest commercial bank by assets, has doubled its mobile banking transaction capacity to keep pace with booming online volume and to comply with Thai Bankers’ Association (TBA) measures to prevent a future system crash. (Bangkok Post, 29/10/18) COM7 COM7 expects 4Q18 […]
Read More →Notable Transactions Buy(s) THB 471 mn RS – Quite the buys by the major shareholders in RS then again they were buying heavily in the 20’s as well. THG – His hospital stock hasn’t been performing very well. Why? It ipo’ed at ridiculous valuations and this retirement home plan isn’t working out just now Sell(s) […]
Read More →For what has felt like a bad year thus far for the local market, it is still only down 7% for the year with most of the drop occurring during the month of October. Part of me thinks there will be a year end rally to narrow the loss into the end of the year…I […]
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