Notable Transactions Buy(s) THB 519 mn BEC – A switch amongst family members BTS – It’s probably one of the safest large cap plays at the moment TFG – Despite the launch of new products, I don’t think the owner is making the right choice buying now…pork and chicken prices peak in 2016/2017, 3 to […]

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AMA AMA projects 2018 revenue to grow by 30%, backed by the expansion of its fleet to 12 ships with total capacity of 100,000 DWT . (Khao Hoon, 27/02/18) Comment: Looks like PTG has a winner with this listing. ASIAN ASIAN targets 2018 revenue of Bt11.2bn, 15% growth brought by growth in frozen food and […]

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AH AH believes 2017 earnings will make a new high, as auto production has increased to 2mn. It expects revenue and earnings will continue to grow in tandem with increasing orders from economic recovery. (Khao Hoon, 6/12/17) Comment: Every automotive manufacturer has recovered, one fear we have is that there will be limited additional investments […]

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BA BA reports 3Q17 loss of Bt157.28mn, on a fall in average revenue per passenger of 10.1% from intense competition in the industry. (Thun Hoon, 17/11/17) Comment: Every airline posted another quarter of poor earnings, but if oil goes the way I think (i.e. down), every player should be benefit BR BR plans to expand […]

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BDMS BDMS reports 3Q17 earnings of Bt2.2bn, down 4.6% YoY. It expects 4Q17 will recover in tandem with high season, which will increase the number of both international and domestic patients. (Khao Hoon, 31/10/17) Comment: Not quite accurate given that the company hasn’t announced earnings yet. EPCO EPCO says 3Q17 earnings were good, supported by […]

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AMATA AMATA will use 8,000 rai to develop “Smart city”, partnering with SAAB from Sweden. It plans to start the investment in early 2018 and establish a joint venture company for aircraft parts production and aviation practice center. It also believes 2017 land sales will reach 1,000 rai. (Thun Hoon, 6/10/17) Comment: Its interesting that […]

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AOT Suvarnabhumi rental to be finalized in July, to take effect in Jan 2018. (Khao Hoon, 25/7/17) GOLD GOLD revised up its sales target to Bt18bn from Bt20bn. 1H17 presales were Bt11bn. It will launch 10 projects in 2H17. The yearly target is 15 projects worth Bt14.3bn. Overall, it thinks the real estate market in […]

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AAV AAV is opening a short training course for aircraft maintenance personnel in its effort to emphasize its human resources. ( Thun Hoon, 4/7/17) AP AP boasts presales of Bt15bn YTD and expects Bt26bn for the year. The company is about to launch TWO new condominium projects worth Bt12.4bn in 2H17. Revenue is expected to […]

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BCPG BCPG expects 2Q17 to be stronger QoQ backed by contribution from the new power plant. The company targets 25% revenue growth from Bt3.38bn in 2016. It will bid for more PPA in the new lot of government waste power plant bids. It expects 30-40 MW. (Thun Hoon, 16/6/17) BEAUTY BEAUTY is targeting small sized […]

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BEAUTY BEAUTY expects 2Q17 performance to improve QoQ and for profit in 2017 to grow 20% YoY from new branch openings. SEC announced that KASSET reduced its ownership by 0.33% to 4.72%. (Kao Hoon, 12/6/17) CHO CHO will sign with BMTA for its e-Ticket bidding project worth Bt1.67bn. The first 800 buses will roll out […]

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