ANAN reports sales from 4 newly launched projects topped Bt8.8b, lifts total above Bt24b full year target. Comment: And still consistently beats all expectations… BH signs agreement PRINC to operate Joint & Spine Centre of Prince Suvarnabhumi Hospital owned by PRINC. Comment: PRINC finally making more moves in the industry, and BH needs the additional […]

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ALL: renovation of 11,500 sq.m. mall in Chonburi to completed by February, target cod in June 20, in talk JR Kyushu to jointly develop mixed use projects outer Bangkok, finalize plan 1H20. ANAN: anticipates 4Q turnaround from transfer of 4 condos projects, Bt 29.3b backlog to realize till FY22, target new launch 4 projects worth […]

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So the government has come out with the another round of property stimulus measures, and here are the details: On October 22nd, 2019, the Cabinet approved a temporary reduction in transfer fee from 2% to 0.01% and mortgage registration fee from 1% to 0.01% to those home buyers of up to Bt3m/unit. It will last […]

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ANAN’s a prime beneficiary of Govt’s prop stimulus, plans promo to liquidate Bt33b worth of stocks, Tabloid. Comment: Well not really, as several of their projects are above THB 3 mn IVL t/g recycling 750K tons of plastics by 2025, with Nakorn Prathom plant capable of recycling 1.65m of plastic bottles p.a. Comment: Some have […]

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ANAN plans 4 condo pj worth Bt13b, hoping to boost presales during 4Q, after securing Bt15b during 9M19. Comment: Presale #’s aren’t driven this name anymore, no one seems to believe that the real estate players can deliver transfer. AP said 9M19 presales stood at Bt28.56b, or 70% of Bt41.8b FY19 t/g, to introduce 8 […]

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ANAN target 7 new projects worth Bt21.93b, 1 in 3Q and 6 in 4Q, maintaining Bt29b full year transfer, Bt19b to transfer last 4 months. Comment: It’s all back ended to the 4Q as it typically has always been for ANAN and the majority of property companies. So lets see how much damage there is […]

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ANAN: kick-off promo event, Urban Expo, Aug 23-25, aims to purge inventories from 32 ready-to-move in project. Comment: Expect to see a drop in their GPM’s  BBL: mulls to revise measures to curb credit card NPLs, sees soured loans from those who has no pay slip climbed (self-employed, online vendor & SMEs). SIRI: cut FY19 […]

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ALL reports 70% presales in 1st day of launch at its Bt1.2b the Excel Lardprao. Comment: Hmmmm lets see if the transfers are there ANAN to review its investment plan for this year from the existing one of 10 projects worth Bt38b to factor in demand and conditions. Comment: They have their earnings coming out […]

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ANAN’s CEO, Chanond, sold 11.89% stake or 396.21m share to his Ruangkritya family members as part of internal reshuffling, leaving him with 38.98% stake. DIF may sell new units @ Bt15.2, a 15% discount to previous close, while TRUE to pocket extra gain in 3Q from selling assets to DIF, Tabloid. KKP anticipates big jumps […]

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ANAN reports Bt10.915b 1H presales, account for 30% of FY19 target of Bt36b, mulls 8 project in 2H worth Bt27b. Comment: Similar to AP, fantastic presale numbers, if the presale numbers continue on this positive trend then I wouldn’t be surprised to see the sector re-rate towards the end of this year AOT signed contract […]

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