Congratulations Thailand, you’re one of the worst performing markets in the world (granted the country has a week left to turn it around, perhaps DELTA will race to 1,000 and save every mutual fund in the country.) A quick rant for the year (or future) – nothing changed – (ok fine, the POS overleveraged co’s […]
Read More →CHAYO: board gives nod to spin-off P-Loan unit, Chayo Capital, (CCAP) will sell IPO 125m shares (25% of paid-up) & list on MAI. Comment: And investors will be surprised by how small this entity is. (or not) GPSC acquires 50% of PTT’s renewable unit, Global Renewable Power (GRP), for Bt1.275b, to complete by end of […]
Read More →ADVANC: Central Admin Court dismissed National Telecom (NT)’s petition to claim Bt16.2b additional revenue share from roaming service from ADVANC. NT is eligible to file an appeal within 30 days. Comment: There goes the neighbourhood gents, privatisation of all decent assets in Thailand continues. BBL: collaboration with OR to provide green loan, Bualuang Green Solar […]
Read More →ASAP targets 20k Changan EV sales over the course of next 4 years under EV 3.5 scheme, expects EV subsidies Bt100k/unit, Bt10k subsidies for e-bike fuel momentum. Comment: We’re going to see these Chinese EVs everywhere… CK sees brighter outlook on construction business, expects margin recover from lower building material & energy costs, jump start […]
Read More →BEM & BTS: MRT & Skytrain to extend operating holders from 4am till 2am from current 5am till midnight during New Year season Dec 29 till Jan 2.BEM: Department of Rail transport reported average Blue line MRT ridership during TH Red Cross bazaar Dec 8-17 hit all time high at 520k trips/d. HL on track […]
Read More →What? TC looking @ bonds? Yes, for $hits and giggles…given that there’s been a lot of noise about companies being unable to rollover/payback their bonds, well it’s probably prudent to be paying attention to this section of Thailand’s capital markets. And as I like to laugh that MQDC is the next STARK/JKN to be unable […]
Read More →BCPG’s sold all 116.96MW solar PP in JP, to book Bt3b gain in 1Q24, eyes investment in the US for higher return, target 4X capacity expansion to 1,900MW by 2025. Comment: The Japanese government is not expanding solar power projects…that era is over. CHO sees stronger 4Q yoy on higher orders, boosting backlog to Bt988m, […]
Read More →Mentally I’m on holiday mode. The market looks like it is as well. But now the global markets, or let’s be frank the US markets which effectively has sucked all the capital in the world, appears to be pricing in cuts for next year. Now I’m no squiggly line expert but last year the USDTHB […]
Read More →Notable Transactions Buy(s) THB 172 mn Sell(s) THB 43 mn
Read More →Week 11/12 – 15/12 ctr.vn, eib.vn, fpt.vn, hcm.vn, hhv.vn, hvn.vn, nvl.vn, pvd.vn, pow.vn, tpb.vn, vib.vn, vnm.vn Company CTR VN: recorded, in November, net revenue of VND1,122 bn (+37% YoY) and PBT of VND62.1 bn (+19% YoY). For 11M2023, net revenue reached VND10,364 bn and PBT was VND595 bn (+21% and +16% respectively YoY), achieving 97% […]
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