So how much further can earnings deteriorate? Looking into my magic ball of future forecasts, I wouldn’t be surprised that by this time next year 1) Oil is +10-15% higher 2) Soft commodity prices recover 3) Coal prices are +20% or more, and 4) spreads for certain petrochems improve as well. I see that commodities […]

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Notable Transactions It’s interesting to see that there are several owners/directors buying their shares post 3Q19 #’s Buy(s) THB 195 mn RS – Strange, he first sells at 13, and then buys back more at 12.84 ORI – The family is still buying shares. Sell(s) THB 54 mn RS – See above

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And so all 3Q #’s are out, guesstimate is that they are -19% YoY for the market. What’s left for this week? Well its politics fun time! On the 20th November the country will learn whether or not FFP will be disbanded as a political party. My thoughts? This would be positive for the markets […]

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Notable Transactions Buy(s) THB 414 mn ACE – A director/family member buys a massive amount of shares ORI – Family member continues buying SNC – Ohhh the owner is back to buying shares! Sell(s) THB 16 mn N/A It appears that with 3Q19 earnings all released management are back to buying their shares.

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KTB says to miss 5% loan growth target this year, after 3% growth 9M19, sets 3.2% growth target next year, to lower NPL from current Bt106b to below Bt100b. IRPC to complete 2 M&A deals next year, PP Compound Downstream and MARS. ERW cuts FY19 hotel revenue growth target to 3-5% yoy from 7-10% previous […]

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So the government has come out with the another round of property stimulus measures, and here are the details: On October 22nd, 2019, the Cabinet approved a temporary reduction in transfer fee from 2% to 0.01% and mortgage registration fee from 1% to 0.01% to those home buyers of up to Bt3m/unit. It will last […]

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BA may pay special dividend in 3Q, having booked extra gains, yet operation remained sluggish from higher competitions and strong THB. BAY revamps app, U-Choose, to accommodate digital lending, online deposit and e-market place, kick-off services on November. BGRIM reassures solid 4Q from absence of maintenance shutdown and additional capacity from 3 solar projects combined […]

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BWG reports cod 7mw waste powerplants. Comment: As with all of these projects, it was delayed for a year but in the end its up and running and a positive. MOF grants Pico finance license to KTC, aims to control interest rate competition in the market, expects to approve nano fin & P-loan before end […]

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ANAN target 7 new projects worth Bt21.93b, 1 in 3Q and 6 in 4Q, maintaining Bt29b full year transfer, Bt19b to transfer last 4 months. Comment: It’s all back ended to the 4Q as it typically has always been for ANAN and the majority of property companies. So lets see how much damage there is […]

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EA upbeats 3Q earnings from windfarm high season and full quarter contribution on 80mw Hanuman 10 projects coded April 13, firms on 30% revenue growth target >Bt20b. Comment: The dream is still the EV battery for EA. Where’s the evidence that this is working? HMPRO opened its 84th branch, HomePro Max Mukdaharn, aims to capture […]

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