EARTH KTB to send legal officers to investigate EARTH after it filed for bankruptcy with the Central Bankruptcy Court with total debt of Bt47.5bn, higher than its assets of Bt31.8bn (Bangkok Biz, 1/8/17) Comment: “Where did our money go krub?”    FTE FTE signals brighter 2H17 earnings, driven by private and public projects with total […]

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Notable Transactions Buy(s) 32 mn N/a Sell(s) 146 mn DCORP – Does it mean something when the Vice Chairman sells 3% of the company? ITD – And the selling continues by the owner SPPT – Another president/vice chairman selling a decent chunk in a public co.

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Buy(s) THB 206 mn BDMS – He’s back to buying! EA – The family is buying still, even @ these levels. Sell(s) THB 124 mn ITD – And he keeps selling out, margin calls? Or just the fact that the equity is worth nothing in a company with so much debt and construction issues?

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AAV AAV expects this year’s performance to be robust supported by strong tourism and route expansion. The company expects the number of passengers to reach 19.5 mn with load factor at 85-86%. It also looks to open a new route to Vietnam in June. (Thun Hoon, 30/05/17) Comment: Still the best airline operator in the […]

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ABC ABC is talking to a prospective partner in China to provide WeChat Pay service in Thailand. It continues to improve its back office with the goal of improving its data management. It plans to develop an e-wallet application to meet the needs of the new generation. (Thun Hoon, 24/05/17) Comment: Not sure I would […]

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AJD AJD’s shareholders approved to change the company name to AJA. Shareholders also approved a Bt1bn debenture. It expects solid performance this year thanks to digital TV coupons. It also plans to expand its line of business to water dispenser service and E-money. (Kao Hoon, 02/05/17) Comment: A name change? For what? I don’t think […]

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Well, so much for a speedy push through of infrastructure projects, the government decided to take over the SRT and redo the TOR for the inter-city dual track rail network projects that are worth an estimated ~THB 100 bn. Why? The public reason is to allow smaller firms to participate in the bidding and construction […]

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Thailand Future Fund Thailand’s future fund is still ongoing developments have been slow in the past 12 months but the government seems to be picking up steam as we have the potential IPO of the Thailand Future Fund coming in April ’17 What projects could it initially injected? Apparently the MoF is targeting to have 2 […]

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AMATA AMATA targets land sales of 1,000 rai in 2017. It expects performance to be supported by the ECC project. It plans to sell Bt4-5bn in assets to an REIT next year. It expects backlog to reach Bt4bn at the end of this year. (Kao Hoon, 30/11/16) Comment: It’s just been a continually disappointing performance […]

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