Updates
Department of Revenue to issue law to tax e-commerce business. There will be 3 actions: 1) cancelling VAT exemptions on some goods valued at under Bt1,500. 2) Stating that e-commerce firms are required to pay VAT. 3) Taxing online entities Google, YouTube, Facebook and Line. (Khao Sod, 9/4/18) World Bank raises Thailand 2018 growth forecast. […]
Read More →BEAUTY BEAUTY said it is getting a lot of orders, adding to 2H18 revenue. It targets revenue growth of 20%YoY. It plans to invest Bt120mn to open new stores and upgrade its business. (Thun Hoon, 11/4/18) GUNKUL GUNKUL is setting aside Bt1bn to buy back up to 300mn of its shares or less than 4.04%, […]
Read More →BGRIM TRIS revises BGRIM rating to A with stable outlook with current total production capacity of 1779 MW and to reach 2518 MW in 2022. (Khao Hoon, 11/4/18) BTS BTS says FY2019 revenue will grow 200%, driven by the South and Green mass transit lines (BaringSamut Prakarn) startup in December. It is also going to […]
Read More →EA TRIS Ratings revised up credit rating of EA to A- from BBB+, with stable outlook. It says core fundamentals are strong and it has high cash with production capacity of 664 MW. (Khao Hoon, 10/4/18) Comments: And yet the price continues to collapse, why? Without the upside impact of the battery tech it’s worth […]
Read More →There you go. It’s been painful. Now I naturally begin to wonder when will the steel, agri, and MAI begin to attract investor attention given their relatively weaker 12 months performance?
Read More →Notable Transactions Buy(s) THB 280 mn GULF – And he’s still buying and buying. BTS – And again he’s buying, looks like they also sold a chunk off to Capital Group SUPER – The Chairman/MD buys, get ready for some shenanigans from this name… BEC – Does 1 show mark a turnaround? Or is […]
Read More →Department of Airports to ask the Minister of Transportation to open three airport expansions for PPP: Buriram, Petchabun, and Korat in April. The projects will be open for auction around the beginning of 2019. (Khao Sod, 2/4/18) Thai March headline CPI rises 0.79pct y/y, below forecast. Thailand’s annual headline inflation rate rose in March, but […]
Read More →AP AP posted 1Q18 presales growth of +168%, reaching Bt10bn or 30% of its presales target of Bt33.5bn. It plans to open 34 new projects worth Bt49bn. It aims to be in the top 3 in Thailand’s property sector. (Thun Hoon, 4/4/18) BEM BEM says that auction documents for motorway projects Bangpa-in-Korat and BangyaiKarnchanaburi will […]
Read More →AMATAV AMATAV was approved by Vietnam government to develop an industrial estate, Amata City Halong, on 4.4 thousand rai of land. The investment is expected to be around Bt50bn. (Thun Hoon, 3/4/18) Comment: This will come in stages over the decade. Although AMATAV can only own the land for 50 years if memory serves correct…. […]
Read More →CHG CHG targets 2018 revenue to grow at 10-15%. It says 1Q18 earnings will be good, driven by more patients. It plans to open a new hospital in Prachinburi worth Bt500mn, increasing patient beds to 699 by end-2018. (Thun Hoon, 2/4/18) Comment: It appears that every hospital group is going to announced decent 1Q numbers […]
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