Sector Update 02/06 – 06/06
The army has been moving quickly with the roadmaps for infrastructure to be announced and the BOI reconvening again, looks like full steam ahead for now.
Read More →Month: June 2014
Stocks in the news (advanc, iec, irpc, kbank, lalin, lhk, mill, mk, rs, tpoly, uic, umi, vgi) 11.06.14
ADVANC Wholly-owned subsidiary SBN takes 29% stake in IH or Bt3.6mn. It expects this deal will support the establishment of a fiber optics project. (Khao Hoon, 11/06/14) IEC IEC expects net profit growth in 2014 and to eliminate accumulated loss. It expects to pay a dividend in 2015, the first in 15 years, and is […]
Read More →Management Trades 02/06 – 06/06
Notable Transactions: Buy(s) THB 233mn BANPU – A director buys nearly THB 30 mn, is Banpu going to return to its former glory? BTS – Massive buy by the owner K. Keeree, to the tune of THB 148 mn Sell(s) THB 1.15 bn AIT – The key issue I’ve had with AIT is since its […]
Read More →Stocks in the news (becl, bjchi, irpc, lpn, maco, ptt, sawad, sena, tsr, uac) 10.06.14
BECL BECL reports traffic cut by curfew. Its traffic volume contracted 2.5% in May and is expected to be negative in 2Q14. It expects traffic growth of 0.5% in 2014. (Khao Hoon, 10/06/14) Comment: This along with the “black market” businesses are all hurt by this curfew in Bangkok BJCHI BJCHI is waiting on results […]
Read More →Stocks in the news (aot, ecf, ifec, kkc, major, qh, spcg, ticon) 09.06.14
AOT Directors resign en masse — Airports of Thailand Public Company Limited (AOT) reports that the following directors resigned from AOT Board of Directors and all other positions, effective June 6, 2014: 1. Squadron Leader Sita Divari 2. Police General Krisna Polananta 3. Police Lieutenant General Pharnu Kerdlarpphon and 4. Mr. Wattana Tiengkul. (SET, 09/06/14) […]
Read More →What happened this week 26/05 – 30/05
Thailand Thailand’s rating held — Moody’s held Thailand long-term government bonds at Baa1 with stable outlook based on strong fundamentals and political resilience. (Post Today, 03/06/14) JSCCIB forecasts 2014 growth of 2-2.5% — The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) forecast that 2014 GDP will grow by 2-2.5% from recovery in consumer […]
Read More →Stocks in the news (ait, drt, gel, jubile, nep, preb, ptt, sat, sgp, solar, tae, tvd) 06.06.14
AIT AIT expects revenue to be in line with forecast at Bt6.2bn as it has managed to convert Bt3.75bn of its backlog into revenue. The company is waiting on additional projects worth Bt720mn, with plans to bid for another Bt8.09bn. Management said it has no concern over 2015 as the NCPO is working to stimulate […]
Read More →Co Visit: Charn Issara Plc
Charn Issara Development confident it can grow with Thailand Charn Issara Development Plc (CI), founded in December 1989, is in the core business of developing residential housing and condominiums, residential resorts for sale, office and retail space for rent, hotels and property management services for two property funds and related companies. Chief executive Songkran Issara […]
Read More →Thoughts on the #thaicoup
Be warned – I’m going to ramble… First reaction at hearing the military was going to take over – disappointment, Thailand’s politicians and judicial system, weren’t mature enough to figure out how to solve the issue themselves. I was hoping for the past 6 months that Thailand’s political system would be able to sort itself […]
Read More →Stocks in the news (aqua, cho, eureka, gcap, gunkul, ivl, kbank, lh, lit, nok, pjw, pylon, qlt, ratch, tccc, thcom) 04.06.14
AQUA AQUA accesses warehouse business via 69% in TCDC worth Bt475mn. It aims to increase recurring income and will list it in stock market in the future. Its board has given permission to raise funds via private placement priced at Bt1 per share. (Khao Hoon, 04/06/14) Comment: Look at adding this name to your watchlist, […]
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