China retail sales up 10.8 pct in August – China’s retail sales grew 10.8 percent year on year to 2.49 trillion yuan (390.89 billion U.S. dollars) in August, the National Bureau of Statistics (NBS) said Sunday. The growth rate picked up slightly from 10.5 percent in July. A key reason for the month-on-month rise in […]
Read More →CHG CHG expects 3Q15 earnings to mark a record high on the back of seasonality. It expects 2015 revenue growth to achieve its target of 15%. (Thun Hoon, 18/09/15) Comment: Still don’t quite understand why this specific stock has suddenly re-rated. BH is trading @ 50x, this one at 42x trailing pe, it does just […]
Read More →BJC BJC expects 2015 performance to be better than 2014 aided by new products and increasing domestic purchasing power. It is talking to a prospective partner to invest in Vietnam and expects talks to be finalized soon. (Thun Hoon, 17/09/15) CHOW CHOW is doing a test run of its 3.5MW power plant which it expects […]
Read More →AOT AOT expects 2015 net profit of Bt15bn (+22%) backed by growth in low cost airlines and increase of 10mn passengers. (Khao Hoon, 16/09/18) Comment: And the most expensive airline stock in the world continues growing & growing, what capacity issue? BDMS BDMS expects 2H15 earnings to be good on seasonality and more patients from […]
Read More →The picture does say it all.
Read More →AJD AJD expanding business to online top up machines. It has a three-month target to sell 20,000 machines with sale of 70,000 machines next year. The setup of a JV with YTO Express at Alibaba will finish this month. (Kao Hoon, 15/9/15) Comment: So they’ll try and compete with FSMART, quite curious to see if […]
Read More →BMCL BMCL expects to get a 25-year concession to operate MRT Blue Line, valued at Bt25bn. It has been awarded the operations of the Tao Poon-Bang Sue segment. It expects the Purple Line to be fully operational in August, 2016. (Thun Hoon, 14/09/15) Comment: The line construction cost may be valued at that price, not […]
Read More →Notable Transactions Buy(s) THB 122 mn AUCT – The owner buys a whopping THB 60 mn, now we’ve been contemplating if we should chase this, but with a THB 7 bn mkt cap, earnings ~thb 200 mn, even if they do double profits in the next 2 years (thb 400mn) then it is still trading […]
Read More →Fun times this week! The BoT meets to discuss rates in Thailand, the Fed meets later in the week to discuss interest rates, volatility shall reign supreme. In the meantime, look at the beating taken by financials and property this year. If you believe that things will eventually recover by this time next year, […]
Read More →We now joke that the military voted down its own constitution. Last week the NRC rejected the 2015 draft constitution with only 105 voting yes which is short of the 124 required to send it to a nationwide referendum. So what? Well elections are now definitely NOT happening in 2016 because this means things will […]
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