ThaiCapitalist Commentary
BANPU sees revenue contribution from 25.22MW Jixin powerplants in 3Q, firms on 4,300MW power capacity in 2025 Comment: Was 2Q their lowest profit in history? GOLD plans 13 new projects worth Bt13b in 4Q19, firms on Bt17b revenue target this year. PSH said the Greater BKK housing market fell by 13% in 1H19 after the […]
Read More →BAY: to buy 50% stake of SB Finance in Phil for Bt 1.1b, seeks growth outside CLMV. Comment: I actually find this to be a good move. I see a lot of upside in the Philippines of a properly run financial co ILINK to bid for 2 underwater cable projects worth Bt1.955b this month, firms […]
Read More →So earnings have been $hit! Now yes some of it can be attributed to the new accounting policies, but looking across the board its been rather poor in Thailand for the majority of companies. The market is up just +5.5% for the year and its a bloodbath effectively across every sector ex REITs and ICT, […]
Read More →Notable Transactions Buy(s) THB 16.8 mn N/A Sell(s) THB 197 mn SKY – And they keep selling. NOBLE – So one of the new “partners” has decided to exit
Read More →Big spend coming, says Uttama : Govt prioritises tax reform, investment . Expanding Thailand Future Fund (TFF) investment and tax reform are two priority policies that will boost development and help to reduce income inequality, Finance Minister Uttama Savanayana told the Bangkok Post Forum 2019 yesterday. Bangkok Post Three-month strategy unveiled to revive economy : […]
Read More →IVL: to buy integrated oxides facilities and derivatives assets from Huntsman for US$ 2b, expects manufacturing capacity increase by 23% in higher-margin business. Comment: Cooooooooooooooookie munsterrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr. KKC: announce RO 300m shares to existing shareholders 4:1 at Bt 1 apiece, subscription period from September 16-20. TMB-Thanachart Bank may sign merger agreement today. Comment: I’m still curious […]
Read More →CPF expects fresh food and dairy sales pick up at CP Fresh Mart stores ahead Chinese hungry ghost fest on Aug 15, roll out promo campaigns to boost sales. GTB wins contracts to supply 11 steam boilers for Vietnam clients (Vinfast, CPV Food and Nestle VN) combined worth Bt100m. Comment: The place to be atm, […]
Read More →ALL reports 70% presales in 1st day of launch at its Bt1.2b the Excel Lardprao. Comment: Hmmmm lets see if the transfers are there ANAN to review its investment plan for this year from the existing one of 10 projects worth Bt38b to factor in demand and conditions. Comment: They have their earnings coming out […]
Read More →ALL plans 4 new projects worth Bt12.5b in 2H, including Bt1.2b the Excel Ladprow on August 9. Comment: Still below the IPO listing price. Several decent location projects coming. But the whole sector is just whacked atm BLA tones down FY19 earnings, sees insurance premium growth fall short of 10% target, will revamp prods to […]
Read More →So reality is setting in again for the markets, here’s what you have coming…trade war impacts are going to hit the markets further. Currencies are going to continuously go a bit nuts. And hey 2/3’s of the debt outside the US are -ve yielding. Specific to Thailand…weak exports…tourism dropping YoY (but still pretty darn good), […]
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