It’s no surprise that 1Q15 numbers were weak, for the full year I have my doubts on Thailand being able to achieve the 3.4% prediction that comes out of the government, why? Exports are weak, Imports will pick up (should oil prices maintain these lvls), Consumption is weak (debt is too high), Government spending is […]
Read More →AIRA Board approves capital increase of 3.16bn shares to be offered at rights of 5 old shares to 2 new shares for Bt1/share plus AIRA-W1 and AIRA-W2. 1Q15 earnings showed a profit of Bt13mn compared to 1Q14 loss of Bt31mn. (Thun Hoon, 18/05/15) AOT AOT reported 2Q15 net profit of Bt4.8bn (+32.36% YoY) benefitting from […]
Read More →The market rebounded slightly last week but is still under pressure with earnings and expectations of government actions finally declining to reality. This morning Thai GDP numbers are to be released and we’ve heard that more Trigger Funds are going to be issued by asset managers which may buoy the market slightly for the next […]
Read More →Notable transactions Buy(s) THB 84mn JUBILE – The founder and CEO decided to buy a significant amount in the market. Sell(s) THB 0.5 mn n/a
Read More →The consistent winners: Construction materials, tourism & leisure, food & beverages and insurance all had decent YoY and QoQ growth rates The consistent losers: Construction services, personal products & pharma had rubbish YoY and QoQ growth rates. Anything interesting? Agricultural seems to be a cyclical funk, wondering out loud when will it rebound? Transportation & […]
Read More →Thailand VAT collection increased on average by 10.2 per cent in the first four months of 2015 – MR Pridiyathorn Devakula, the deputy prime minister in charge of the economy, commented during the Cabinet meeting that consumer confidence was not as bad as claimed by some. He urged the public to look at the collection […]
Read More →AAV AAV reported 1Q15 earnings at Bt506mn on Bt7.7bn revenue backed by tourism recovery. The rise in fares resulted in a better performance. (Khao Hoon, 15/05/15) Comment: The biggest winner in the aviation industry in Thailand ANAN ANAN will focus on condominiums located near the BTS in order to emphasize its positioning, the leading developer […]
Read More →BEAUTY BEAUTY to trade at new par of Bt0.1 on May 14 (split par from Bt1). 1Q15 earnings outperformed due to growth in tourists that led to rising sales at both the existing and new branches. (Thun Hoon, 14/05/15) Comment: Everyone loves a good stock split, but Beauty has one of the most demanding valuations […]
Read More →If you believe it. The two main sacred oxen, Phra Kho Fa and Phra Kho Lert, were each offered seven bowls containing seven different foods, and their choices were used to make the predictions. The seven dishes were paddy rice, maize, water, grass, soybean, sesame seeds and liquor. The oxen ate grass, a forecast that the […]
Read More →BKD 1Q15 net profit was Bt13.07mn (+17.5%YoY) on revenue of Bt194.88mn (+16.17%YoY) up from 1Q14’s net profit of Bt11.12mn and revenue of Bt167.75mn (Post Today, 13/05/15) CEI CEI will change its name to “Advance Connection Corporation” (ACC) and plans to invest in alternative energy. Management guides to a turnaround in earnings this year. It plans […]
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