BEM sees March tollway traffic -25.8% yoy, MRT ridership -29.2% yoy, expects bottom out in April. Comment: It probably should bottom in April, the question on people’s mind will be recovery potential. DOD upbeats on 1H earnings from strong sales momentum of alcohol gel and sanitizer products, mulls to raise capacity to 500k bpd from […]

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BCP sets oil sales growth t/g this year at 6%, plans 60 new stations, mulls boosting non-oil revenue, including EV charging stations. Comment: All the petrol station co’s have been trying to push non-oil revenues over the past few years, the best has been PTT followed by PTG BGRIM CODed 4.8mw industrial waste pp, lifted […]

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ANAN ANAN had transfers of Bt3.84bn (+72%) and sales of Bt6.685bn (+51%). It maintains its 2018 transfer target of Bt38bn (+152%). It has Bt53.6bn of backlog. (Thun Hoon, 11/5/18) Comment: But the hangover of Ashton Asoke is going to cap upside regardless of how well the company is performing CHEWA CHEWA had net profit of […]

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ANAN ANAN plans to launch three new projects worth Bt8.3bn. It targets presales of 60% of the value of the projects with a high demand outlook in BTS-attached condominiums. (Thun Hoon, 5/9/17) Comment: I do foresee a risk for all property names within the next 5 years, the average age of the population in Thailand […]

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FTSE rebalancing: rebalancing will happen during the close of today. These are the changes… FTSE Large-Cap = No changes. FTSE Mid-Cap = Add: EA, BPP, TPIPP, KSL, VNT, WHAUP // No deletions FTSE Small-Cap = Add: ORI, CMR, SQ, LANNA, TNR, FN, GLANDRT, UTP, MACO, CTW, TKS // Delete: VNT (move to mid-cap), CRANE (move […]

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BJC BJC expects 1Q17 net profit to be higher than Bt1.2bn thanks to BIGC. It believes outlook is positive, underwritten by numerous positive factors. (Thun Hoon, 04/05/07) Comment: Their price has declined some 20% from its peak post the acquisition from BIGC.   BPP BPP expects a solid performance in this year thanks to the […]

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AGE AGE expects 2H16 earnings to grow thanks to a strong rise in coal price. It expects coal sales volume of 2.2mn tons in 2016. (Kao Hoon, 21/10/16) BBL BBL reported 3Q16 net profit of Bt8.06bn, growth of 12%, with 9M16 net profit of Bt23.55bn, down 11% YoY. (Post Today, 21/10/16) BIG BIG signed a […]

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AMATA AMATA expects 2016 land sales to hit target of 1,000 rai. It has land of 1,000 rai to support investment. It is confident that total revenue will grow no less than 5% supported by its backlog of more than Bt1.3bn. (Thun Hoon, 02/09/16) BANPU BANPU plans to COD 118MW this year, with full year […]

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BAY BAY expects auto loans to grow 3% to Bt262bn despite a slowdown in new loans. It is looking for a partner to expand into loans for used cars. (Thun Hoon, 27/04/16) Comment: I can see BAY actually taking away market share from TCAP in this.  BJCHI BJCHI will pay dividend of Bt0.5/share, payment on […]

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AH AH expects 2016 revenue growth of 5-10% thanks to new car models. It expects gross profit margin to be good when it implements cost control. It has budgeted Bt400mn to acquire a business next year. It has cash on hand of Bt800-1,000mn. (Khao Hoon, 30/11/15) Comment: This has been a dog of stock for […]

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