Updates
BKI sees 2H turnaround on absence of heavy Covid claims, higher investment incomes on improving mkt condition, pays dividend Bt3.5, XD Aug 24. Comment: It’ll be interesting to see how the insurance players progress over the next 6-12 months. Given that 3 players are out – bankrupt due to covid claims. Competition down, market size […]
Read More →AS’s 2 major holders sell 73.72m shares (15.7% of total outstanding) and up to 33.83m units of AS-W2 to SABUY, expects synergy from digital ecosystem, blockchain and e-payment service while SABUY can access new clients from AS’s 100m mobile gamers account. Comment: It’s very interesting watching SABUY work. I think this has been a great […]
Read More →AOT reported 6M22 (Jan-Jun) passenger traffic from 6 airports under management +170% yoy to 22.4m, +14.1m vs 8.3m travelers 6M21. Comment: What demand slowdown? The rate of change is going to look amazing til the end of 2024. BE8 sells PP 26.050m shares (11.52% of paid up) at Bt47.6/share to Keymaker Venture Capital, will use […]
Read More →If you look at earnings season….I dare say it, it’s surprised a lot of people with far better than expected figures for most industries…remember…market share to the big boys (all listed cos). So what’s the fwd PE of a market where earnings are “growing” at an annualised rate of 20-30%?
Read More →Notable Transactions Now that earnings season is over, it’ll be interesting to see which way management, directors’ & owners will go. Buy(s) THB 1 mn N/a Sell(s) THB 3 mn N/a
Read More →Ministry ups headline inflation forecast: The continuing rise in energy prices which have raised production costs for manufacturers and the prices of goods has prompted the Commerce Ministry to upgrade the forecast for headline inflation in 2022 to a range of 5.5-6.5% (averaging 6%) from the 4-5% range (averaging 4.5%) projected in March. Bangkok Post […]
Read More →ACE sees solid growth momentum in 2H and on track to meet >Bt6b revenue target this year, signs MOU to supply electricity to Asia Clean IE in Chonburi and to join bid for community waste power plant. NBTC board postponed decision on TRUE-DTAC merger, need more info, while consumer advocates petitioned the Norwegian embassy in […]
Read More →AP reported 7M22 sales at Bt29.96b, account for 60% of Bt50b residential sales target, 3Q momentum remained strong from completion of 2 condos Rhythm Ekamai Estate & Life Sathorn Siera, current backlog Bt33.63b ensure earnings visibility, firms on Bt47b FY revenue target. Comment: More market share for the big boys. COTTO expects 2H turnaround from […]
Read More →LH Group could be the one to decide fate of JAS’s broadband (TTTBB) spin-off to ADVANC as the group is the 2nd largest unit holder of JASIF, 616.08m units or 7.7% of total outstanding. Comment: Haven’t looked into this, though I wouldn’t see why LH wouldn’t vote for this change. NRF to cod 1st phase […]
Read More →KBANK may be readmitted to MSCI after raising free-float, sees Bt6.1b inflows, while BAM may be deleted, announcement Aug 11 and effective Aug 31, Tabloid. Comment: It’s going to be a fun week for this sector. MAKRO added 3rd hypermarket branches in Phnom Penh, sees positive feedback from local F&B operators, mulls tapping in VN […]
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