AIRA sells 20% stake in leasing unit to NEC Capital, an affiliate of Sumitomo Mitsui Finance & Leasing co. Comment: Just looking at their numbers you can see that the company has to raise capital. AMATA sets 950 rais land sales target next year, sets Bt4-5b capex.BBL, KBANK, KTB and TMB delay plan to purge […]

Read More →

And the recovery rally continues, DELTA has been making Tesla like moves in the market, which confounds us, but c’est la vie. It’s coming to the end of the year, newsflow other than vaccine news is going to be limited. We’ll see if the fund flow continues to be positive into the markets. Though we […]

Read More →

Deduction incentives to be reviewed : The Finance Ministry wants to reform the tax structure by revising the large number of deduction incentives, arriving at a more appropriate level. Bangkok Post Cabinet is expected to sign off MRT Pink line extension (Khae-Lai-Min Buri-Muang Thong) concession btw State Railway and BKK Monorail, a consortium of BTS-STEC-RATCH […]

Read More →

ADVANC, in cooperation with NDID, to become the 1st mobile phone operator to offer authentication service, allowing KKP’s customers to open bank account without having to go to the branch. Comment: Look at the “shareholders” of NDID, its quite amusing. BEAUTY sees return to profit next year, on cost cutting via reorganization, with Bt360m cashflows […]

Read More →

The market is “only” down -8% this year. I’m still going to beat the drum that its the large players and commodities that will drive the market for the coming 6-12 months. Have had some people mention to me that some domestic consumer players are rocking and rolling due to the lack of international competition.

Read More →

Notable Transactions Buy(s) THB 128 mn TFG – He has been buying back his shares for as far back as I can remember. THG – And he’s buying his shares, did they go public just to remove the private minority shareholders and buy back shares in the market? He’s been buying since his IPO regardless […]

Read More →

MPI increases for 6th straight month: Thailand’s manufacturing production index (MPI) in October dipped by 0.54% year-on-year, but authorities believe domestic industry is approaching its pre-outbreak momentum as monthly MPI has been rising since May. Bangkok Post Kingdom signs deal to secure vaccine: Thailand officially signed an agreement yesterday with AstraZeneca securing the kingdom’s access […]

Read More →

AH will turn profitable this year, supported by solid 4Q, expecting Bt5b sales, on par with 3Q, in-line with industry. AH upbeats FY21 earnings from recovery parts orders, will kick-off transfer of Bt1.5b EV parts order next year, eyes 10-15% revenue growth target, margins no less than 10%. Comment: EV isn’t a story for AH […]

Read More →