The research headlines about Thailand being the next Japan have been going around research desks for the past 6-12 months, you can read the content for some info but in the end the key takeaways that we’ve had regarding this similarity is that there are two sectors that should perform well, first being convenience stores […]

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Department of Revenue to issue law to tax e-commerce business. There will be 3 actions: 1) cancelling VAT exemptions on some goods valued at under Bt1,500. 2) Stating that e-commerce firms are required to pay VAT. 3) Taxing online entities Google, YouTube, Facebook and Line. (Khao Sod, 9/4/18) World Bank raises Thailand 2018 growth forecast. […]

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BEAUTY BEAUTY said it is getting a lot of orders, adding to 2H18 revenue. It targets revenue growth of 20%YoY. It plans to invest Bt120mn to open new stores and upgrade its business. (Thun Hoon, 11/4/18) GUNKUL GUNKUL is setting aside Bt1bn to buy back up to 300mn of its shares or less than 4.04%, […]

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TET: Please explain the history of JKN. I begun from humble beginnings as the family business was initially home video¬†rentals. When I returned to Thailand in late 1999, the first step begun with the BBC Documentary Walking with Dinosaurs when we contacted BBC directly and was able to be the sole distributor in Thailand. However […]

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BGRIM TRIS revises BGRIM rating to A with stable outlook with current total production capacity of 1779 MW and to reach 2518 MW in 2022. (Khao Hoon, 11/4/18) BTS BTS says FY2019 revenue will grow 200%, driven by the South and Green mass transit lines (BaringSamut Prakarn) startup in December. It is also going to […]

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EA TRIS Ratings revised up credit rating of EA to A- from BBB+, with stable outlook. It says core fundamentals are strong and it has high cash with production capacity of 664 MW. (Khao Hoon, 10/4/18) Comments: And yet the price continues to collapse, why? Without the upside impact of the battery tech it’s worth […]

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AOT AOT expects its six airports to have 17,550 flights during Songkran, +11.9%YoY, with total passengers of 3.01mn, +14.4%YoY. It plans to draw up a TOR for an auction for the commercial area in Suvarnabhumi airport. It plans to select a winner this year. (Thun Hoon, 9/4/18) Comment: Still one of the best performing industries […]

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  Notable Transactions Buy(s) THB 280 mn GULF – And he’s still buying and buying. BTS – And again he’s buying, looks like they also sold a chunk off to Capital Group SUPER – The Chairman/MD buys, get ready for some shenanigans from this name… BEC – Does 1 show mark a turnaround? Or is […]

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Department of Airports to ask the Minister of Transportation to open three airport expansions for PPP: Buriram, Petchabun, and Korat in April. The projects will be open for auction around the beginning of 2019. (Khao Sod, 2/4/18) Thai March headline CPI rises 0.79pct y/y, below forecast. Thailand‚Äôs annual headline inflation rate rose in March, but […]

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