Six private operators petition PM Prayut on BMA awarding 30 years concession to TRUE for underground telco cable projects worth Bt20b. Comment: Does anyone else not finding this contract to True to be f@#king scandalous?  Oh yes and all approved whilst there is no government either.  AMATA sees IE land demand surge on foreign production […]

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BEM BEM reported 3Q18 earnings of Bt3.12bn, +231.8%YoY, mainly from asset write-off. 9M18 profit was Bt4.83bn, +104.4%YoY. Revenue from tolls was Bt2.56bn and revenue from power plant was Bt1.22bn. (Thun Hoon, 12/11/18) Comment: Big BOOM!  BGRIM BGRIM reported 3Q18 earnings of Bt795mn, +40%YoY, driven by growth in commercial operations of its power plant. It will […]

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AOT AOT fundamentals are strong. It reported 3QFY18 earnings of Bt6.42bn, +19%YoY, and 9M18 earnings of Bt19.9bn, +18%YoY. Passenger pass-through in the first nine months was 106.2mn. (Kao Hoon, 15/8/18) Comment: The china tourism issue is to me, a short term hiccup. Biggest issue for Thailand will be the country’s infrastructure capacity EA EA reported […]

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BKD BKD is waiting for a result of Bt500mn bidding project. Management expects 2H18 operations to grow and plans to bid for new projects with total value of Bt3-4bn. The company maintains its revenue growth target at 20% backed by booking 50% of its backlog (Bt2bn) (Thun Hoon, 17/7/18) DDD DDD targets its revenue to […]

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Notable Transactions Buy(s) THB 200 mn MINT – That’s a fairly substantial purchase for these warrants by the founder SKR – This director must see value in this hospital group Sell(s) THB 79 mn CCN – Well the company has changed the ticker to “SKY” (I’ll update this later) and the stock price went through […]

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BAY BAY reported 9M16 profit of Bt16.2bn, up 20% YoY after it acquired HKL and expanded to ASEAN as planned It plans to raise its 2016 loan growth target to 8-9% from 5-6%. (Thun Hoon, 25/10/16) Comment: With the japanese as the major shareholder we are thinking they may go on a massive asset expansion […]

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APCO APCO will increase capital, issuing 238.37mn shares as a rights offering. It plans to do a JV with three companies in Oct-Nov. It plans to expand its distribution channels to expand 2017 revenue. (Khao Hoon, 20/10/16) Comment: Distribution channels is the name of the game for MLM companies like APCO   BA BA expects […]

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AGE AGE expects 2H16 to be good. It plans to do a marketing campaign in ASEAN. It is confident that 2016 sales will reach the target of 2.2mn tons. It reported 2Q16 net profit of Bt29mn, up 4% YoY and total revenue over Bt1bn. (Thun Hoon, 15/08/16) AOT AOT reported 3QFY16 profit of Bt5.06bn, growing […]

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