Updates
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 →CPF sees the highest net profit in 10 year this year. after recording Bt19.6b in 9M20, while expecting to book Bt2b gain from acquisition of swine business in China. Comment: One and done. CRC expects to return to pre-covid next year, while acquisition of COL will boost overall revenue up 4-5%, sets Bt10b capex for […]
Read More →ASIAN sets Bt400m capex to revamp foods production line and debottleneck capacity, aiming to boost profit margins from higher productivity, efficiency, lower SG&A from less labor costs, eyes M&A pet food producer to boost inorganic growth. Comment: Their Pet food business has been the key driver for the past 1-2 years. GGC reports cod of […]
Read More →AAV sees 4Q average load factor back >80% from 65% in 3Q, Chiangmai, Chiang Rai & Nan logged 90%, 42 aircrafts out of 62 entire fleets on operation, 4Q ticket price QTD +10-20% from Bt996/ticket in 3Q. Comment: Yup though ticket prices are far higher than 996 on the weekends. Rumours have it though that […]
Read More →COM7 sees record high 4Q, thanked to newly launched iPhone 12, boosting FY20 revenue up 10% yoy, targets 10% growth for next year, sets Bt400m capex for new branches, automation and new business. Comment: You can buy the new iphone on a 3 year installment plan…..what does that say about consumers’ ability to spend? GUNKUL’s […]
Read More →After this great rally of nearly +20% this month, the question we face is 1) is it over? 2) if not, will it continue, then if so by how much more? 3) what else should we buy? 4) What’s being priced in?
Read More →Notable Transactions Buy(s) THB 154 mn THG – With this new shareholder buying, does it mean that THG will finally have bottomed? Or is it just going to be a shift in the management structure of the firm? Sell(s) THB 85.8 mn SFT – The CEO sells ~2% of shares post IPO
Read More →Kingdom pushes SME promotion : Thailand pushed for the promotion of smaller businesses and the development of service sector workers to address new normal challenges during a virtual Asia-Pacific Economic Cooperation (Apec) leaders’ meeting yesterday. Bangkok Post BoT moves to curb strengthening baht : The Bank of Thailand has liberalised foreign currency deposits and increased […]
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