BAY
BAY reports 9-month net profit of Bt17.5bn increasing by 7.9% from last year as a result of an increase in interest revenue and revenue from fees. It believes loans will grow by 6-8% this year as the economy recovers. (Thun Hoon, 20/10/17)
Comment: Shame about the free float, otherwise this bank would be trading at a much higher valuation
BH
BH says 2H17 revenue will be higher than 1H17 revenue of Bt8.9bn as it is getting more clients during the frequent weather changes. It targets 2018 revenue to reach Bt18.1bn as its client portfolio is expanding and the government approved free visa for Chinese who intend to get medical treatment in Thailand. (Thun Hoon, 20/10/17)
Comment: Chinese medical tourists are naturally the next growth target for hospital groups in Thailand
BTS
BTS has a favorable outlook in tandem with the expansion in skytrain routes and booking profit from the joint venture with VGI and BTS-Sansiri JV project. It is also getting good growth from its sky train business with a #1 market share. (Thun Hoon, 20/10/17)
GLOBAL
GLOBAL says outlook for 2018 revenue is good on expectation of a strong recovery in purchasing power after seeing a signal of a pickup in agricultural commodities. It plans to open 7-8 branches with an investment budget in 2018 close to 2017’s Bt2.4bn. It also expects to launch its first store in Cambodia in the early 2018. (Thun Hoon, 20/10/17)
GOLD
GOLD reports 9M17 presales of Bt16bn, growing 37% and backlog of Bt3.7bn. It plans to launch seven townhome and SDH projects worth Bt5.8bn in 4Q17. (Khao Hoon, 20/10/17)
MONO
MONO will benefit if NBTC reduces license fee at the end of 2017. It plans to penetrate to the mobile internet business in Myanmar, Vietnam and China, which it is currently negotiating with two big local partners as a plan to provide advertising service through mobile phone in AEC. (Thun Hoon, 20/10/17)
Comment: All the names ran today on the back of news that the NBTC would reduce the fee 
PTTEP
PTTEP changes plan to slow down its final decision on Marian Oil Sand in Canada, resulting in the booking of impairment of US$500mn in 3Q17l. However, this will not affect its cash flow. (Thun Hoon, 20/10/17)
Comment: So they’ve finally admitted to the mistake of a silly deal that was made all those years ago.
SKY
SKY signed contracts for two new projects worth Bt903mn: a border internet project, worth Bt469mn and CCTV project at Suvarnabhumi airport worth Bt434mn. It plans to book some portion of revenue immediately. It expects 2017 revenue to grow 70% from last year. (Khao Hoon, 20/10/17)
Comment: Just another funny name on the stock exchange of Thailand…
TFD
TFD signs MOU with big Taiwanese player, Jaie Haour, to sell 500 rai of land in TFD 2 industrial estate. Jaie Haour plans to develop the area and attract Taiwanese businesses to expand their investment in Thailand. (Khao Hoon, 20/10/17
  1. That’s the problem with commodities, at the time, they thought oil sands was the future given depleting reserves in conventional oil wells and shale was still in its infancy. Fast forward 6 years and the land scape looks very different.

    • What I have found interesting with shale is that the depletion rate is ridiculously fast. And so perhaps one time in the future people will be talking about peak cheap oil?

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