Notable Transactions Buy(s) THB 901 mn PACE – This is a huge off the market transaction, FANCY – Looks like a new shareholder is in town for FANCY with K. Vichai buying 10% of the outstanding shares. Sell(s) THB 363 mn FANCY – See above
Read More →The market has fallen back off it’s peak for the year, the local trigger funds that had initially pushed the market up 2 weeks ago have worn off their effectiveness and reality continues to set it for the market, with financials now the worst performing for year as a result of weakening asset quality and […]
Read More →Thailand FY2016 budget approved – The economic ministers’ meeting chaired by Prime Minister Prayut Chan-o-cha yesterday approved 2.72 trillion baht worth of expenditure to run a 390-billion-baht budget deficit in fiscal 2016. The budget framework is based on projected economic growth of 3.7% to 4%, with inflation of 1.2%. (Bangkok Post, 25/4/15) FIDF contribution kept […]
Read More →AOT AOT revises down investment for Suvarnabhumi Phase 2 by Bt10bn from Bt62bn. The bidding will begin at the end of this year. Revenue is expected to grow 15% this year because of the increase in passengers. The Ministry of Finance is requiring a higher dividend but this does not affect its performance. (Khao Hoon […]
Read More →AOT Don Mueang commercial area in Terminal 2 up for bid – AOT plans to open bidding for the commercial area in Terminal 2 at Don Mueang airport. (Khao Hoon, 29/04/15) BAY 7-9% loan growth this year – Bank of Ayudhya (BAY), Thailand’s fifth largest bank by assets, expects loan growth of 7-9% this year, […]
Read More →The funniest scene emerged at NMG’s AGM yesterday where police were called in to prevent a portion of shareholders, specifically the SLC group, or News Network as they now call themselves, from entering the AGM. This sparked chaos in front of the meeting room as the angry shareholders tried to break into the room. This […]
Read More →ADVANC ADVANC expected 1Q15 profit to rise YoY due to greater use of its data services. The company maintains its revenue growth (excluding interconnection fee) at 3-4% YoY in 2015 with new service in high-speed internet (1Gbps) called “AIS Fibre†to attract 100,000 users. (Khao Hoon, 28/04/15) Comment: This could very well be the end […]
Read More →On the back of weak bank earnings for 1Q15 and with little bump from trigger funds over, the market looks like it can’t maintain its levels for the time being. Plus all eyes are now on what the Fed and the BOT will do in regards to both interest rates this week.
Read More →Notable Transactions Buy(s) THB 134 mn BLA – It’s not often that we see the family buy shares in BLA, times changing for BLA? MK – Looks like a switch between the family Sell(s) THB 476 mn BEAUTY – Block sale to a foreign institution PL – A director sells off thb 24 mn, looks […]
Read More →ABC Revenue will turn around and reach Bt3bn in 2015 due to the property business. The firm is working on development some land in Hua Hin, after which it will sell the land. The firm will have a campaign with financial institutions for point reduction. (Khao Hoon 27/04/15) AEONTS AEONTS expects loan growth of 8-10% […]
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