AJD AJD reported 3Q16 net profit of Bt104.17mn, which brought 9M16 earnings to Bt309.8mn on higher sales of its top up machines (AJ Term Sabuy), which it targets to reach 50,000 this year. (Kao Hoon, 16/11/16) Comment: These are the fellows apparently working closely with Alibaba, if you believe in it somehow working (I still […]
Read More →ACAP ACAP targets 2016 loans of Bt4bn after reaching Bt3.8bn in 10M16. It expects 2016 performance to turn around, after a 9M16 net profit of Bt94.26mn. It plans to approve property loans of Bt100-300mn. It plans to issue debentures to broaden its business base. (Thun Hoon, 15/11/16) AOT AOT is confident 2016 earnings will be […]
Read More →Effective at the close of 30 November 2016 these are the changes for Thailand MSCI GLOBAL STANDARD INDEXES: (+2) BJC, KCE // delete – none MSCI GLOBAL SMALL CAP INDEXES: (+4) COM7, MALEE, TKN, TFG // (-8) ASP, BJCHI, CBG, COL, CGD DNA, KCE, ROJNA
Read More →BA BA plans to expand routes and flights in 2017 to enable it to increase the number of passengers. It will receive delivery of 1-2 new planes in December. It reported 3Q16 earnings growth of 15% with revenue of over Bt6.7bn, supported by high season. (Thun Hoon, 14/11/16) BIZ BIZ reported 3Q16 net profit of […]
Read More →Gotta love bloomberg terminals, so just have a look at the month of December and you can understand why during the period from 2007-2012 every broker was banging on about a year end rally. What will 2016 hold for the market, will the high cash levels at local funds result in forced buying? Will the […]
Read More →The market has bounced back quite strongly from the events in the past few weeks/months and earnings thus far haven’t been as negative as many may have expected. I do expect the next few weeks are going to rather volatile with bonds & currencies moving on any news regarding Trump and the Fed.
Read More →Notable Transactions Buy(s) THB 82.6 mn TU – The owners decide that the shares are still cheap with a THB 43 mn buy S&P – A rare purchase here given that the name is typically its very illiquid, must’ve been an off the market block transaction Sell(s) THB 4.9 mn n/a
Read More →B99bn allotted for transport in 2017. The government is set to spend 98.8 billion baht next year to develop logistics networks, including three motorways and 10 electric train projects. (Bangkok Post, 7/11/16) CPI tweak for Internet, phone fees — THE COMMERCE Ministry will adjust its inflation calculation system by increasing the weightage for Wi-Fi and […]
Read More →AAV AAV reported 3Q16 net profit of Bt396mn, +333% YoY. Behind this is 21% passenger growth to 4.3mn, opening two new routes, increasing number of flights (Bangkok-Udon Thani), and refinancing of two aircraft. It will pay a dividend of Bt0.15/share, XD on Nov 22. (Kao Hoon, 11/11/16) AGE AGE expects 2016 coal sales to reach […]
Read More →APCO APCO signed a contract to set up a JV company (Bhubhiwat Co., Ltd). It plans to set up a medical facility to treat and prevent viral and infectious diseases by immune stimulation with natural products both at home and abroad. It is talking to parties to set up two more JVs in November. It […]
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