Factory setup in EEC area surged to 500 factories over the first 11 months with a value of Bt140bn, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). (Thai Post, 12/12/17) Thai Retailer Association expects 2017 retail growth of 3.2-3.4%. It expects 2018 retail growth to be 4% in line with GDP […]

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Sitting here I was wondering what really drove the market to be +11% or so in local currency terms and here you go, AOT and PTT represented 1/3 of the move this year whereas GL and TRUE have had the biggest negative impact thus far.   Data Source: Bloomberg

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A A targets 2018 revenue of Bt6.4bn from the booking of current backlog of Bt4bn and targets presales to grow by 10-15%. It plans to launch 17 new projects worth Bt20bn and has budgeted Bt600mn to buy land. (Thun Hoon, 15/12/17) ETE ETE plans to increase 2018 revenue by 20-30% backed by growth in four […]

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From the news I’ve been reading the past week or so these are the upcoming changes to the FTSE Indices FTSE SET Large Cap Index-Add: EA FTSE SET Mid Cap Index-Add: BGRIM, ORI, PRM, RATCH, RS, TOA FTSE SET Shariah Index-Add: AIT, AMARIN, BAFS, EKH, FN, GGC, HFT, LST, PRM, SEAFCO, SRICHA, TOA, TPIPP, UVAN […]

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ALT ALT signed an MOU with edotco, a Malaysian company, to provide telecommunication infrastructure construction services in Thailand and Southeast Asia. It expects this will raise the proportion of revenue from renting network infrastructure business to 50% within 2020. (Thun Hoon, 14/12/17) Comment: At first glance this doesn’t get one excited but when you realise […]

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BANPU BANPU has budgeted Bt3.5bn to invest in Marcellus natural gas, with production capacity of 52mn cubic feet per day. It currently has six natural gas sources with total capacity of 201mn cubic feet per day. (Thun Hoon, 13/12/17) EGCO EGCO says it has successfully obtained loans to develop and construct Nam Theun 1 power […]

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Given that its a relatively short commentary from Bill Gross I’ve decided to post it all here. The content is a continuation of his thinking for the past few years that assets are overpriced and at one point it will change.   1. Prior market tops (1987, 2000, 2007, etc.) allowed asset managers to partially […]

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BIZ BIZ targets 2018 revenue to grow by 10% from this year. It plans to bid for new projects, worth Bt800mn to Bt1bn, of which it expects to receive 50%. It reports backlog of Bt1.35bn and plans to open a new hospital specializing in cancer treatment within 2019, which it believes will raise earnings significantly. […]

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Notable Transactions Buy(s) THB 253 mn GULF – Massive block sale by the owner, and why not it’s nothing compared to the size of the company RS – He really believes in his shift to cosmetics by the look of this purchase. Sell(s) THB 3.2 bn GULF – I’m guessing he’s just giving the image […]

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