Updates
BA BA looks for good 2015, supported by better tourism industry. It expects passenger number to grow by 6mn from 4.79mn last year. It will expand fleet, adding four new ATR72-600s. In 2018, it will have 43 planes versus 27 planes at end 2014. This will support passenger growth in line with the turnaround of […]
Read More →The market has been see-sawing over the past 2 weeks to the downside for a few more reasons 1) BAY’s stock price continues to decline from its speculated highs 2) Earnings were mainly poor across the board for all co’s 3) Oil prices and telco’s are still not loved by the market with the continued […]
Read More →Notable Transactions Buy(s) THB 216 mn SIRI – Is SIRI coming back to life? CPF – A first major buy in CPF by a director for a number of years. RS – He’s still buying Sell(s) THB 1,022 mn ABC – The CEO sold/transferred ~7% all of shares at a price thats 25% below market […]
Read More →Thailand Sommai firm on land, construction tax – Finance Minister Sommai Phasee vowed yesterday that the draft land and construction tax bill would be finalised in two weeks and forwarded to the Cabinet. (The Nation, 6/3/15) Slide in consumer confidence prompts calls for rate cut – Consumer confidence continued to crumble last month, prompting a […]
Read More →AJD AJD’s board calls off par split. It hopes to maintain shareholders’ benefit according to good governance practice. Also, shareholders were objecting. The SET had requested AJD to clarify the two par splits in a year, only four months apart. (Thun Hoon, 06/03/15) Comment: More like they were getting slapped on the wrist for wanting […]
Read More →BMCL Blue Line negotiations, not bids – The cabinet has given the green light to the Mass Rapid Transit Authority of Thailand (MRTA) to negotiate with BMCL with regards to operating the Blue Line extension. In addition, the Transport Minister is ready to bring back the Joint-Venture 2013 law between state enterprises and private operators. […]
Read More →AJD SET urged AJD to clarify its frequent par splits, twice in four months, within Mar 5 with details. The regulator is in doubt of the company’s corporate governance. (Kao Hoon, 03/03/15) Comment: This is a positive move by the SEC, its good to see regulators actually be active. BIG BIG will resume its trading […]
Read More →AJD AJD announced a par reduction to Bt0.01 from Bt0.10 to enhance the stock’s liquidity. It plans to list subsidiary, Happy Vision on mai next year. It targets doubling revenue this year after entering the entertainment business and expects to sell 4mn set-top boxes this year. (KrungthepThurakij, 2/3/15) Comment: Stock split! ANAN ANAN to go […]
Read More →The market has struggled to stay above 1,600, what with oil prices still below 50, telecom’s being hurt from the postponement of 4G and the fact that most companies earnings aren’t really that strong (bank lending was negative for the first time in years). Â Going forward a few more companies still need to release their […]
Read More →Notable Transactions Buy(s) THB 139 mn SAMTEL – A director buys a sizeable portion, SAMTEL did have so-so earnings in 2014, but are expected to win several government projects in 2015. NMG – The Vice Chairman continues to buy sizeable stakes in his business. Sell(s) THB 280 mn7 NINE – The major shareholder (chairman) decides […]
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