Updates
Consumer confidence hits 15-month low – The Ratchaprasong bombing, a dropping SET Index, and the sluggish economic growth in China beat down Thai consumer confidence to a 15- month low in August, with confidence in travel, investment and purchasing power hitting a 122- month low. (The Nation, 4/9/15) Economic stimulus set to boost premiums – […]
Read More →BCH Mid-east investor interested in BCH shares as it is a small-cap with strong fundamentals. It expects this deal to expand customers from the Middle East. (Thun Hoon, 04/09/15) Comment: A mini BH in the making perhaps? BDMS BDMS reports that G. Wasupol Co Ltd has transferred its business to BDMS. It plans to add […]
Read More →BWG Investors are interested in buying BWG shares via PP. It expects 2015 revenue to grow 15- 20% backed by marketing strategy. (Thun Hoon, 03/09/15) Comment: Right…and we thought the SEC had crackdown on dodgy PP’s ESSO ESSO expects 2015 performance to be the best in three years after net profit reached Bt3bn in 1H15 […]
Read More →AOT AOT expects passengers of 89mn (+25%) in the first ten months of the year, implying there has been no impact from the bomb. (Khao Hoon, 02/09/15) Comment: There is an impact, but with the continued increase of mainland visitors (25% of all tourists), it’s incredibly minimal, by year end things will be back to […]
Read More →ARROW ARROW expects net profit to reach new high over next three years. 2015 revenue is expected to achieve target growth of 20%. It expects no impact from the yuan devaluation. (Khao Hoon, 01/09/15) Comment: And it’s still continue to grow strongly regardless of everything NOT happening in Thailand during the past 12 months BJCHI BJCHI expects […]
Read More →Quite a few things have happened in the past week that have led to foreigners selling some THB 15 bn worth of equities but with the news of the cabinet pushing stimulus programs a la Thaksin’s era and a quick rebound in oil prices have led to local participants falling over one another to pick […]
Read More →Notable Transactions Buy(s) THB 347 mn RS – And the CEO/founder continues to buy back shares around the THB 10 level SCC – Rather rare to see director buying here, always a positive sign at such a large entity. MCS – Similar to RS, this director purchases more shares around the THB 8 – 9 […]
Read More →AJD AJD expects to sign contract with YTO Express in September. It plans to invest in the logistics business in Thailand soon. (Khao Hoon, 31/08/15) AOT AOT expects to invest in Suvarnabhumi phase 2, valued at Bt56bn, by the end of this year. Management expects performance to be good as total passengers grew 14% in the first […]
Read More →Oil plunge takes bite out of tax revenue – The Revenue Department is predicting a wider tax revenue shortfall of 220 billion baht for this fiscal year after a prolonged drop in oil prices. The Revenue Department, the major tax contributor to government coffers at 80%, earlier estimated that revenue would miss the target by up to 160 […]
Read More →ACD ACD has approved the acquisition of ordinary shares of Orin for Bt195mn, including one condo under development named Origins Bangmod-Rama2 which has already 85% in construction, expects to transfer and contribute revenue by this year. (Thun Hoon, 28/08/15) Comment: Looks like a reverse IPO for Orin into ACD AH AH expects revenue to stagnant […]
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