Notable Transactions Buy(s) THB 71 mn N/a Sell(s) THB 1.16 bn ERW – A YUGE block, I suspect it’s to a family holding co. PSL – The CEO dumped 10% of his holdings or THB 200mn +, retirement in 2-3 years is expected. Question is, does this selling remove the support the share price has […]

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Quarterly Calls With quarterly announcements/calls etc etc effectively over there are 2 that I always enjoy reading/listening to. Universal Robina (Philippines) A decade ago I came across this massive Filipino consumer player, Universal Robina because I was curious who was behind my favourite snack brand as a kid in Singapore, Jack n Jill. Since then […]

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ADVANC: Supreme Admin Court dismiss the CAT’s Bt2,449m damage claim against ADVANC, legal dispute is considered final. Comment: This case has been going on for a decade, should help the “overhang” on the share price. AOT 8M into this fiscal year (Oct-May its passengers fell 71.5% to 18.33m, flights dropped 51.6% to 206K flights, yet […]

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CRC’s grocery unit, Central Food Retail, signs up for shopping e-voucher rebate stimulus. Comment: The capital will flow to the big boys. HTECH upbeats outlook from strong HDD exports volume thanks to demand from cloud service, IoT, Data Center, mulls tapping into EV to utilize expertise in cutting tools for high-precision parts. Comment: It’s a […]

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*Effective 1 July SET announced SET50 and SET100 rebalance for 2H21: SET50: Ins : IRPC, KCE, STA, STGT. Outs: AWC, BAM, TOA, VGI. SET100: Ins: AAV, ICHI, NRF, PSL, PTL, SINGER, STGT, SYNEX, TKN. Outs: AWC, BPP, EPG, GFPT, MBK, TOA, TPIPP, TTW, WHAUP. sSET: 34 securities consisting of: Seven Utilities and Power pcl (7UP), […]

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MSCI Global Standard Indexes Additions: Carabao Group Public Company Limited (CBG) SCG Packaging Public Company Limited (SCGP) Deletion: KBANK-F shares Total Access Communication Public Company Limited (DTAC) MSCI Global Small Cap Indexes Additions: Absolute Clean Energy Public Company Limited (ACE) Precious Shipping Public Company Limited (PSL) Regional Container Lines Public Company Limited (RCL) Siam City […]

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BC acquire 2 plots of land to develop 2 hotel projects in Lamai beach Samui and Sukhumvit road adjacent to BTS Nana station, announced dividend Bt0.11 dps, XD Dec 27. Comment: This could be an interesting name over the next 2-3 years. You’ll need to sit down and go through the business model and accounting […]

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MTC sees record high 4Q on seasonal, reaffirms 25-30% loan port growth, <2% NPL, sets 20-30% revenue and profit growth target for next year. Comment: A friend in this industry has gently informed me that my thoughts of MTC and SAWAD are lying on their NPLs are incorrect. He informed me that the real default […]

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ASEFA ASEFA expects 2H18 results to be better HoH supported by high season, but it admits that 2018 earnings growth will come in below target of 15%. Current backlog is Bt2.06bn and 60% of backlog is expected to be booked as revenue this year. It plans to bid for projects with total value of Bt3bn. […]

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AP AP plans to launch 35 new projects with a total value of Bt54.3bn to boost 2H18 operations. It reported 1H18 presales of Bt17.3bn, accounting for 52% of this year’s presales target of Bt33.5bn. It has Bt52bn backlog and will recognize Bt10.3bn this year. (Thun Hoon, 9/7/18) BCPG BCPG targets its EBITDA to double (from […]

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