Sector Update 02/09 – 06/09
Last week the market begun rebounding, however it’s still down 4% YTD, the biggest drag this year is still the agro&food industry with only the tech sector remaining positive.
Read More →Month: September 2013
Management Trades 02/09 – 06/09
Notable Transactions Buy(s) THB 224 mn IEC – This is interesting, we’ve heard things are happening at IEC, just not sure what yet. NBC – Continunation of the play on digital TV SVI – K. Poe has essentially exchanged his shares from his offshore holding to under his name Sell(s) THB 16mn N/A
Read More →Stocks in the news (bgh, gen, mlink, preb, prin, ps) 10.09.13
BGH Starts special promotion — BGH is to launch a “Perfect Diamond Young Fit Club” card targeting customers of over 60 years of age. It is confident that it will grow by 10% and confirms that it will open 10 new hospitals this year. (Khao Hoon, 10/09/13) Comment: A lot of investors have been disappointed […]
Read More →Stocks in the news (abpif, ccp, arrow, lh, ptt, sricha) 09.09.13
ABPIF Amata B.Grimm mulls Malaysia plant to feed South – Amata B.Grimm Power is considering building a coal-fired power plant in Malaysia to avoid a potential outcry over construction of such a plant in Thailand.(Bangkok Post, 09/09/13) CCP Growth continuing — CCP expects revenues to continue to grow for the sixth consecutive month on backlog […]
Read More →Random Thoughts: Are things really that bad?
The media shifts very quickly in its headlines from Thailand booming to Thailand being in a recession to a potential repeat of 1997. This is nonsense as Thailand’s as well as most Emerging economies, have: 1. Increased their economic importance in the Global Economy 2. Foreign reserves in the late 90’s were only enough to […]
Read More →What happened this week 02/09 – 06/09
Thailand Fundamentals still sound despite slowdown, says BoT- Thailand’s economic fundamentals remain sound despite a continuous decline in July on the back of a slowdown in private consumption, exports and manufacturing output coupled with a current account deficit, says a Bank of Thailand official. The central bank’s senior director of macroeconomic and monetary policy, said […]
Read More →Stocks in the news (irpc, itd, pjw, sat, seaoil, spali) 06.09.13
IRPC IRPC expects to return to profitability this year – Despite adverse impacts from the weak baht, IRPC expects to reap some profits this year as opposed to the loss it incurred last year, thanks to improved oil-refining rates amid an improving global economic situation and the rise of crude-oil prices, coupled with some expansion […]
Read More →Stocks in the news (bmcl, noble, ppp, rs, seafco, wha) 05.09.13
BMCL – Purple Line deal agreed – BMCL expects construction of the Purple Line extension will be up and running 40 months from now, two years behind the original schedule of 2015. BMCL, which operates 20km of subway trains and 18 stations from Hua Lamphong to Bang Sue, yesterday signed a Bt82.6bn contract with the Mass […]
Read More →Stocks in the news (abpif, aot, hemraj, cpn, eastw, n-park, susco, uac) 04.09.13
ABPIF Amata B.Grimm sets IPO price – Amata B.Grimm Power Ltd, majority owned by the local trading conglomerate B.Grimm, has priced its Bt600mn IPO trust units of its infrastructure fund at an indicative range of 10.50 to 11 baht. The IPO is expected to generate up to Bt6.5bn to finance the company’s business expansion. The […]
Read More →Stocks in the news (beauty, bmcl, cnt, scc, siri, tsf) 03.09.13
BEAUTY Confident in target — BEAUTY is confident revenues will hit target growth of 30% and said that the economic slowdown will have no impact on its business, with sales in the second half expected to continue to grow, supported by the opening of new branches and launch of new products. The company expects to […]
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