AP AP expects Thailand economy to be impacted by China and US troubles but it believes public investment will keep the economy on track after cabinet reshuffle. AP has achieved presales of Bt19.88bn over the first seven months with Bt13.54bn backlog. It plans to launch Baan Klang Muang Rama 2 with selling price Bt7-9mn. (ASTV, […]
Read More →ASIMAR ASIMAR says it is looking for a partner. It targets 2015 revenue of 15-20% as it expects to get two more jobs in 3Q15-4Q15. It expects to book revenue from two Cambodian ships. It plans to focus on ship maintenance jobs to increase margin from 10-30% to 50%. (Thun Hoon, 24/08/15) Comment: ASIMAR has been looking […]
Read More →It’s been a rather hectic week(s)/month(s), hence the slow blog posts and far less rambling articles. Firstly, the Bangkok bombing, I didn’t want to immediately put a long post spewing obscenities towards the fact that a military government can’t even protect one of the most visited locations in Thailand, and that Thailand’s tourism will still eventually recover […]
Read More →The latest cabinet reshuffle has quite a few interesting changes, some expected, some a pleasant surprise, others meh. Firstly the expected – Somkid in charge as a deputy PM – a positive given he “should” know something about how to boost an economy given his performance under Thaksin’s first term Pleasant Surprise(s) – Apisak Tantivorawong […]
Read More →AMATA AMATA expects to sell 200 rai of land in 3Q15. It plans to sell assets in Vietnam to AMATAR. It plans to hold a roadshow for AMATA VN around Oct-Nov, with listing on the SET in 4Q15. It is budgeting Bt2bn to invest in industrial estate Amata Vietnam. (Khao Hoon, 21/08/15) Comment: I personally think AMATA […]
Read More →Thailand Post performance in first half exceeds expectations – Thailand Post Co reported higher-than-expected revenue and profit in the first six months of Bt11 billion and Bt1.3 billion respectively, thanks to the rapid growth of its delivery service to serve the booming e-commerce sector. (The Nation,15/8/15) B3.4 trillion for projects over 8 years – The government has earmarked […]
Read More →BBL BBL says its loans grew less than its target of 3% affected by economic slowdown. Credit card spending for the first seven months grew 13-14% from target of 10%. It added 200,000 new credit card members. (Thun Hoon, 20/08/15) Comment: Strange to see BBL finally pushing into the consumer market with its credit cards, […]
Read More →ADVANC ADVANC maintains its 3% revenue growth target this year. The company plans to expand to the 4G network in 3-4 months if it wins the 4G auction. (Thun Hoon, 19/8/15) BAFS BAFS plans to raise this year’s revenue target in response to high demand. It plans to use Bt600mn CAPEX this year for business expansion. (Khao […]
Read More →AJD AJD and CTH plan to sell set-top boxes for Premier League football. They target Bt338mn in sales (200,000 set top boxes) within one year. It expects membership fees to drive revenue growth to 50%. (Khao Hoon, 18/08/15) Comment: CTH desperately needs to find a way to make money from its PL licenses, they are […]
Read More →The Thai market continues to wobble and is down close to 6% for the year in local currency terms, why? Last week the news was all China china china, oh and the continuing fact that Thailand’s economy isn’t performing well.
Read More →