AP AP and Mitsubishi launched Life Pinklao project, valued at Bt3.1bn on Nov 21. It expects this to achieve presales of 40% by this year. It expects this to support demand for premium condo in this location. (Khao Hoon, 09/12/15) BEAUTY BEAUTY expects 4Q15 earnings to peak on seasonality and large orders. It expects 2015 […]
Read More →AQ AQ expects net profit this year after 2014 net loss of Bt285.61mn on backlog of Bt300- 400mn. It plans to launch a new project “AQ Shadi Phaholyothin-Rangsit” in 2H15. (Thun Hoon, 30/09/15) Comment: Despite the quality of its projects, the stock is rather expensively valued. BECL/BMCL BECL expects the cabinet will okay the merger […]
Read More →BKD BKD expects 3Q15 revenue to be higher than 2Q15. It expects to be awarded projects valued at Bt1.3bn in 4Q15. It expects 2015 revenue of Bt1.3bn as Bt2.5bn in backlog is expected to be booked. It targets 20% revenue growth next year. It plans to launch a property project in 2Q16. (Khao Hoon, 26/08/15) […]
Read More →ADVANC ADVANC says 2Q15 profit is expected to grow to Bt9.1bn (+7%), with 1H15 growth of 6% to Bt19bn. It expects to pay interim dividend of Bt6.54/share, higher than last year’s Bt6.04/ share. (Khao Hoon, 25/06/15) Comment: Analysts have now begun downgrading ADVANC’s potential profit growth for this year and next, but its still a […]
Read More →ANAN ANAN JV Mitsui Fudosan will launch five property projects worth Bt19bn. It plans to introduce twelve projects worth Bt30bn this year. (Khao Hoon, 21/05/15) Comment: Should the property projects be successfully sold then it ANAN will have a solid 2018. BJCHI Backlog Bt7.5bn and expected to increase gradually. BJCHI is preparing to bid for […]
Read More →AMATA AMATA to join with Labor Department to develop Thailand’s labor market. (Khao Hoon, 03/04/15) BECL BECL’s shareholders okay merger with BMCL. In July, the two companies will hold a joint shareholders meeting. The merged firm is expected to trade in the stock market in August. (Khao Hoon, 03/04/15) Comment: What will be interesting is […]
Read More →AI AI confident that net profit this year will grow by 200% driven by strong performance from subsidiary AIE and AI’s earlier investments that are expected to help lower costs by 20%. Revenue this year is expected to hit its target of Bt9bn. (Kao Hoon, 23/01/15) Comment: These are impressive numbers come out of AI, […]
Read More →AOT AoT board approves Bt48bn for airport revamp projects – The Airports of Thailand’s (AoT) board has approved a Bt47.9bn budget to build a new terminal and a new runway at Suvarnabhumi airport to ease congestion. (Kao Hoon, 22/01/15) Comment: AOT’s latest passenger numbers have come out and Bangkok is performing horribly while the rest […]
Read More →Just announced this evening, BMCL and BECL will be merging. The basic deal structure is as follows: 1 existing share in the Company to 0.42050530 shares in MergedCo 1 existing share in BECL to 8.65537841 shares in MergedCo The deal is expected to be completed by 3Q15 My quick thoughts: Great move by CK, BECL […]
Read More →Quietly released yesterday on Thailand’s SEC website was that they have approved the framework for the infrastructure trust regulations. The key details of it are: It can invest in onshore/offshore infrastructure projects either directly/indirectly or via rights in revenue sharing Minimum size THB 10 bn, minimum investments of each new project post set up must […]
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