DELTA DELTA is seeing order flow from existing and new clients. The company expects revenue growth of 20% in 2019, boosted by capacity expansion in Thailand and India and rising demand for auto-related parts. (Thun Hoon, 6/12/18) Comment: And on top of that DELTA is taking the Thailand side private  KKP KKP’s CEO has a […]

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DELTA Delta Taiwan upping holding to alleviate trade war risk. The President of DELTA Taiwan reiterated that the increase of the parent company’s holding in DELTA is being undertaken to reduce the risks arising out of a trade. (Thun Hoon, 7/8/18) Comment: That is the rhetoric from the company…and then the media domestically and internationally […]

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ABM ABM closed at Bt2.52, 40 %above IPO price on the first day of trade .The company will spend Bt135mn to expand its palm kernel warehouse, build wood pallets )for biomass power plant (and expand the sawmill . Management said lots of orders will underwrite 2Q18 sales growth of 30 %to 22,000 tons/month and it […]

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APEX APEX signed a contract with Club Med to open a luxury resort, Club Med Krabi, worth Bt3.8bn. It plans to develop a new tourist spot in Yao Beach, Krabi and targets premium customers for this resort. It expects to start construction in September 2018 and complete in 2021. (Thun Hoon, 13/02/18 ) Comment: This […]

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  BGRIM BGRIM is expanding its investment in CLMV; it set up two subsidiaries in Cambodia for the power plant and transmission wire business. It expects to sign an MOU for a project in Vietnam in 1Q18 and expects a project in Malaysia to be finalized in 3Q18. (Thun Hoon, 26/1/18) Comment: Out of all […]

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Notable Transactions Buy(s) THB 96.5mn ICC – I have been thinking there is an opportunity within the Saha Group companies with all the restructuring taking place..but good luck trying to build a decent position given liquidity.. Sell(s) THB 839.8 mn TFMAMA – Looks like the big owners have been selling off the market, if anyone […]

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BTS BTS expects EBITDA margin for the Pink and Yellow Lines to increase to 64-69% in its final year and passenger numbers to grow 4.5-5.2% on average. (Thun Hoon, 21/6/17) CBG CBG is in talks with 3-4 retail operators in the UK to expand its business overseas. It expects to finalize the deal with 2-3 […]

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ADVANC ADVANC decreased its payout ratio from 100% to 70% to support its financial statement. Its 2016 net profit was Bt30.66bn, down 22% because of higher expense. (Kao Hoon, 06/02/17) Comment: No surprises here. We are curious to see how much more they’ll spend on marketing campaigns. ARROW ARROW expects profit to record a new […]

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AGE AGE targets 2017 revenue growth of 30-35% supported by an uptrend in coal price. It has backlog of more than 500K tons which will be delivered in early 2Q17. It has budgeted Bt500mn to engage in the services business and plans to increase the number of its ships from 8 to 22. (Thun Hoon, […]

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ADVANC ADVANC has confirmed that it will be bidding for the 900MHz on May 27 with a bid of Bt75.65bn. (Kao Hoon, 25/5/16) DTAC DTAC unfazed by more 4G competition — The country’s second-largest mobile operator shrugged off increased competition from its rivals, saying that Advanced Info Service (AIS) and True Move will also face […]

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