BEM reaffirms solid 2Q from strong tollway traffic & MRT ridership, expects big jumps 2H following debut of Blue line extension (Hua Lamphong – Lak Song) from August. Comment: And BTS has the same story as well BEAUTY signs 6 Chinese agents to distribute skin care products in China, target revenue from abroad surging to […]

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BEAUTY sees earnings recovery in 2Q and into 2H19, adjusting sales strategy and keeps expanding oversea channels to 15 countries, firms on net profit margin of 25% on 20% revenue growth. Comment: That’s not the case when looking at the performance DIGI name change to B-52 Capital Pcl, ticker change to B52, effective today. Comment: […]

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ADVANC ADVANC to trade Bt3.30 XD on Wed 20Government says it needs time to consider whether delaying bidding on 5G Comment: It would be ridiculous if the government approves a postponement of payment for the 4G license bidding. Except for TRUE (which is a financial basket case), DTAC and ADVANC make plenty of CF. AOT […]

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BBL BBL Asset Management sees Bt6.4b fundflows into SET if MSCI raises weight from 2.5% to 3%. Comment: This matters for the whole market, currently NVDR’s are not part of the MSCI calculations. BEAUTY BEAUTY teams up Carrot Mall to expand online sales and general trade channel in China, 5 SKUs of Beauty Buffet prod […]

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Notable Transactions Buy(s) THB 209 mn DCORP – A switch amongst directors. A rather odd company in the end. ORI – We were unsurprised by the drop in share price, and are surprised by founders buying shares…well..lets see Sell(s) THB 248 mn AMA – Thats a huge block sale, wonder who the buyer is. BEAUTY […]

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BCP BCP has budgeted Bt77bn to expand its business over the next four years. It targets EBITDA to reach Bt30bn and market share to reach 18% in 2023. It targets production capacity of 135k bbl/day in 2020. (Kao Hoon, 14/11/18) BEAUTY BEAUTY reported 3Q18 revenue of Bt1.08bn, +26%YoY. 3Q18 earnings were Bt329mn. 9M18 revenue was […]

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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 […]

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BBL BBL has budgeted Bt200mn to invest in “Thai Payment Network”, increasing its shares to 69.08%. It targets to expand business as the country moves towards a cashless society. (Thun Hoon, 19/9/18) BEAUTY A mutual fund in the US is interested in BEAUTY due to its strong fundamentals and good future. It expects some good […]

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AMATA AMATA announced dividend of Bt0.23 per share after reporting 1H18 earnings of Bt601mn. Current backlog is Bt1.5bn. It expects 2H18 transfers to accelerate mainly from EEC. (Thun Hoon, 16/8/18) Comment: EEC transfer are not going to be seen until the government actually puts pen to paper the laws and benefits ANAN ANAN says transfers […]

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AOT Ministry of Transport has given AOT one month to finalize the project to manage four airports to be transferred from the Department of Airports. The proposal will then be sent to the cabinet for approval. If the project is approved, the transfer of operations of these airports to AOT will be completed within one […]

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