BJCHI BJCHI expects 2Q15 earnings to be better than 1Q15 benefitting from FX gain. It expects 2H15 earnings to increase aided by backlog from Petrobras, worth Bt1.3bn and new projects from TUPI BV, valued at Bt5.4bn. It expects 2H15 net profit of Bt800mn. (ASTV, 20/07/15) Comment: We do wonder aloud, weakening thb, which other export […]
Read More →The worst performing sector this year has been the financials followed by consumer products. Now the question is should, should the economy turnaround next year or in the next few years, and should NPL’s and provisions not be as severe as some may imagine, would they be a decent buy @ the levels?
Read More →Notable Transactions – a relatively quiet week in terms of management transactions Buy(s) THB 77mn A – It’s always been the case that the SEC hasn’t shown Areeya’s directors name that has bought/sold shares, a glitch? Still its a been one steady performer over the years despite the fact that it doesn’t have the numbers […]
Read More →Just after I posted last week’s discussion w/ the smartest men in Thailand piece I was sent the last column by Byron Wien’s w/ his discussion with the smartest man in Europe, here’s a snippet below and a link to the rest, as usual its a must read. For the past fifteen years I have […]
Read More →Singer gains from new products, partners Singer Thailand Plc has grown from a distributor of sewing machines established more than a century ago to a diversified provider of appliances, vending machines and related services. CEO Boonyong Tansakul discusses the company’s strategy and outlook. Boonyong: Singer must continuously look forward and not rest on its laurels […]
Read More →Thailand Credit card spending up in May – According to the Bank of Thailand, credit card spending in May rose by 6.8% YoY to Bt130bn. Cash advances increased 8.8%, reflecting tightening liquidity among credit card holders. (Post Today, 14/7/15) UTCC: Exports to slump 3.8%, Negative factors will drag down shipments – Thailand’s exports are expected […]
Read More →BEAUTY BEAUTY expects 2015 revenue to grow 20% backed by SSS growth, new outlets, and new products. 2Q15 revenue is expected to achieve target. (Khao Hoon, 17/07/15) Comment: Given that they say Chinese travelers are one of their biggest customer segments, with the continued increase in Chinese tourists to Thailand, would this continue to have […]
Read More →We think that this number should be far higher, agricultural prices have dropped by 50% and you’re telling us that the farm economy has only shrunk by 4.2%? The farm economy contracted 4.2% year-on-year in the first half of 2015 as drought hit crops, but the livestock and fishery sectors still expanded, the Office of […]
Read More →AUCT AUCT expects 2Q15 earnings of Bt42mn, 12-13% revenue growth and 2.59% dividend yield. (Khao Hoon, 16/07/15) Comment: Despite it’s great growth, it looks like the retail investors are beginning to realise that the share price has been quite overvalued BJCHI Foreign investors are interested in BJCHI shares after it held a roadshow in Hong […]
Read More →Here are the key facts: Come December, Thailand will have more solar power capacity than all of Southeast Asia combined as record sums of money are poured into the sector in the hopes of nurturing a new energy source to help drive the region’s second-biggest economy. Thailand has been shifting from natural gas with once-plentiful […]
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