Market Update 11/11
And the pain continues. I’m still thinking that at one point the oil sector is going to make a move. Saudi Aramco’s IPO is on the same date as the OPEC meeting, coincidence?
Read More →Month: November 2019
Stocks in the news (epco, gold, mcs, pttgc, top) 11.11.19
EPCO will book Bt500m extra gains from disposal of SPM shares to BGC in 4Q, 17mw pp to cod in December lifts total to 550mw by end of year, board to approve JV 700 mw Vietnam power projects (550mw wind & 150mw solar) on Thursday (Nov 14) Comment: EPCO trying to realise its value? Dodgy […]
Read More →Management Trades 04/11 – 08/11
Notable Transactions Buy(s) THB 11.7 mn N/A Sell(s) THB 44 mn MTC – Just after they were profiled in Bloomberg, there’s a sale by the founders family member
Read More →WHTW Top 10: 04/11 – 10/11
Hand-wringing over tariffs : The GSP revocation leaves everyone spinning and online forums spewing, while experts try to figure out problems with workers’ rights in Thailand and officials look to make headway with US dialogue. The US recently stunned long-time ally Thailand by revoking trade privileges worth US$1.3 billion (39.2 billion baht) under the Generalized […]
Read More →Stocks in the news (mtc, psl, scb) 08.11.19
MTC sees record high 4Q on seasonal, reaffirms 25-30% loan port growth, <2% NPL, sets 20-30% revenue and profit growth target for next year. Comment: A friend in this industry has gently informed me that my thoughts of MTC and SAWAD are lying on their NPLs are incorrect. He informed me that the real default […]
Read More →Stocks in the news (bts, irpc, lit, psh, rs, scb, sprc, tasco, tisco) 07.11.19
BTS to cod 4 skytrain stations (Ratchayothin 24, Ratchayothin, Senanikhom, Kasetsart Uni) on Dec 4. IRPC sees recovery in 4Q from petrochemical, refinery and progress in US-China trade deal.Opening of bidding envelops for 45MW Srinakarin Dam floating solar projects is scheduled for today, SCC, GPSC, SPCG, GUNKUL, WHAUP, EPCO, IRPC, BGRIM and among those vying […]
Read More →Stocks in the news (bts, gpsc, scc) 06.11.19
Cabinet has approved to cap BTS toll rate at the maximum rate of 65 baht across skytrain line as well as transfer losses incurred by BMA of Bt64,000m to BTS. On the other hand, BTS will have rights to operate skytrain of additional 30 years after the current concession expires. With regards to BTSGIF, BTS […]
Read More →Stocks in the news (bla, cpall, dtac, gunkul, kbank, mtc, ori, pttep) 05.11.19
BLA rolls out new insurance prods to capture demand for tax saving ahead of yr end. CPALL sees strong 2H from +ve SSSG supported by govt spending stimulus, wider margins from ready meals & healthy drinks and rev from counter service pay & banking agent. Comment: And all this helicopter money is just putting tax […]
Read More →Stocks in the news (advanc, aot, bgrim, gulf, jmart, kbank, mono, mbk, iii, ilm, port, rml, thai, utp) 04.11.19
ADVANC’s ready for 5G auction with Bt62b available cashflows. Comment: It’s a yield play more than anything else AOT reports 141.87m passengers last fiscal year, +2% yoy, with international passenger growth of 4.4%, flights +2.41%. Comment: And look, there’s still growth, I think 4Q may be a bigger positive surprise than people expect in terms […]
Read More →Market Update 04/11
Part of me is contemplating that a 2-3 year bull market may be coming in the commodity space, particularly oil and coal…very hated sectors at the moment.
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