Updates
CHOW CHOW expects strong earnings in 2015 backed by full-year contribution from power plant business and rising steel price. Shareholders have approved listing its subsidiary on mai. (Khao Hoon, 08/04/15) Comment: The steel business is nothing for CHOW nor its value, everything here is fully related to its power plant. CSS CSS expects strong 1Q15 […]
Read More →Basically the beginning of April has allowed the SET to regain some of its return for the year but this was primarily on the back of recent Trigger Funds that were launched and a whole lot of prop trading inflows, with such anemic volumes and a continuing deterioration in earnings growth for this year I […]
Read More →Notable Transactions Buy(s) THB 50 mn N/a Sell(s) THB 244 mn PSL – Woah, a big sell by one of the directors and related family members to the CEO for THB 203 mn, given the daily volume this must’ve been a block sale.
Read More →AUCT AUCT revealed that it is studying the business potential abroad. If it is feasible it will begin the business by early 2016 and expects this could contribute 10% to its revenue. Management expects 1Q15 performance TO be strong with revenue growth of 20-40% YoY in 2015. (Thun Hoon, 07/04/15) Comment: Still my biggest regret […]
Read More →Thailand Better economic indicators – The Fiscal Policy Office says that Thai economic indicators in Feb improved, supported by tourism and industrial sectors. However, exports remained slow. Economic stability remained favorable with low unemployment rate. (Khao Hoon, 31/03/15) Central bank confident of rebound from spending – The economy still recovered at a slow pace in […]
Read More →AMATA AMATA to join with Labor Department to develop Thailand’s labor market. (Khao Hoon, 03/04/15) BECL BECL’s shareholders okay merger with BMCL. In July, the two companies will hold a joint shareholders meeting. The merged firm is expected to trade in the stock market in August. (Khao Hoon, 03/04/15) Comment: What will be interesting is […]
Read More →CRANE CRANE says 1Q15 earnings will be better than last year after getting new projects. It targets 2015 revenue growth of more than 20%, with more acceleration of new government projects. It will focus more on foundation jobs to raise revenue. (Thun Hoon, 02/04/15) Comment: I’ve always liked this company, now the issue here is […]
Read More →AAV New Sapporo route affected – Thai AirAsia X chief executive Nadda Buranasiri said the airline’s Bangkok-Sapporo route would be affected by the JCAB’s ban. The airline will be able to offer service on this route for only two months, from May 1 to June 30. (Thun Hoon, 01/04/15) Comment: All of this news about […]
Read More →AGE AGE expects 1H15 to turn around on the effect of its cost controls. It has set its target coal sales volume at 3.45mt, which could boost revenue to Bt7bn. The company expects 1Q15 sales volume to be flat YoY. Its biomass power plant is scheduled to commence operations in late 2015. (Thun Hoon, 31/03/15) […]
Read More →The market finished last week negative for the year on the back of multiple issues 1) Weak exports 2) Oil prices still staying low 3) Earnings have basically been poor all around 4) Issues around 4G and 5) Foreigners are still selling. As we’ve seen thus far this week, local institutions have been big buyers […]
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