Fed should start trimming balance sheet in second half: Bullard. The Federal Reserve has interest rates right where they should be, but should start trimming its massive balance sheet in the second half of the year, St. Louis Federal Reserve Bank President James Bullard said on Friday. “We’ve delayed a little bit too long in […]

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A A expects 1Q17 sales to reach Bt2bn, with total sales of Bt9bn in 2017, bringing revenue of at least Bt6bn. It plans to launch eight new projects with a total value of Bt7.4bn. It has budgeted Bt1bn to buy land to develop new projects. (Thun Hoon, 22/02/17) Comment: The company seems to be continually […]

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ABC ABC plans to launch E-Payment service via WeChat Pay. It intends for this to be a payment application for Chinese tourists. It plans to partner with 10,000 stores. It expects this to contribute revenue of at least Bt1bn/month. (Kao Hoon, 21/02/17) Comment: Right…but then their actual revenue from this may only 1-3%? This company […]

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A quick look through these numbers make me wonder why does consumer products specifically fashion trade at such a huge discount to the market? And despite all these fears regarding interest rates the REIT/property funds still are paying yields of 6%

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BCP BCP reported 2016 profit of Bt4.7bn or growth  of15%. The board approved a dividend of Bt1/share, XD on Mar 1. It is confident that 2017 EBITDA will grow 20%, supported by full capacity operations at its refinery. (Kao Hoon, 20/02/17) BIG BIG reported 2016 profit of Bt846mn, increasing 84% from 2015, setting a new […]

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Thiensurat PCL (SET:TSR) Expanding throughout Thailand Thiensurat Public Company Limited (SET:TSR) Chief Executive Officer, Mr. Ekarat Changyoo discusses the company’s strategy and outlook in The Executive Talk (TET) by ShareInvestor.com. TET: TSR’s business model has evolved over the past few years. Could you explain these developments and why they were made? Our core customers are […]

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Land tax tweaked to spur activity. The land and buildings tax to be levied on vacant land will increase by 0.5 percentage points every three years until it is capped at 5%, says Deputy Finance Minister Wisudhi Srisuphan . (Bangkok Post, 14/02/17) Ministry of Commerce expects Thai economy to grow 3-4% since higher oil prices […]

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2S 2S targets steel sales of 180,000 tons/year with an investment budget of about 5% of total assets. It also plans to improve machine efficiency which it expects will boost 1H17 performance. It also plans to expand to CLMV on the back of high demand. (Thun Hoon, 17/02/17) ACAP ACAP posted 2016 revenue of Bt468.8mn, […]

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ASAP ASAP plans to offer an IPO of 210mn shares, with subscription in the third week of March and trading on the SET on Mar 30. It will use the funds to build “ASAP Auto Park”, a full-service automotive center at Bangna. (Kao Hoon, 16/02/17) Comment: Love the ticker, no idea on the business yet, […]

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