Updates
Thailand More stimulus on the cards if revenue surpasses expectations – The Finance Ministry is poised to add more spending to the mid-year budget in an attempt to boost the stuttering economy if the government’s revenue collection exceeds its target. (Bangkok Post, 1/12/14) BoT at ease over NPL risk – BoT said there are no […]
Read More →CHO CHO confident revenue this year will grow no less than 50% due to strong flow in orders. It said that it plans to expand aggressively in overseas markets further through its catering hi-loaders truck business for airlines in markets abroad. The management confirms the exercise date for CHO-W1 is Dec 30, 2014. (Thun Hoon, […]
Read More →AMATA AMATA expects to sell 500 more rai at the end of this year, raising total land sales for the year to reach its target of 1,000 rai. It said it has more than 2,800 rai in land ready for sale that is simply waiting for EIA approval. Next year, it will invest more than […]
Read More →AJD SP still not lifted— The SET is keeping AJD tagged SP, saying it was not satisfied with AJD’s explanation about the capital increase via PP. (Kao Hoon, 2/12/14) Comment: PP’s have been one of the ways speculators use to gain additional shares in a company to “control” the stock price, it is a positive […]
Read More →AOT AOT reports FY2014 profit of Bt12.2bn, 25% lower than last year, as a result of 88% lower hedging profit. (Kao Hoon, 1/12/14) BCP Offering to buy BCP shares from PTT — BCP’s management and employees will make an offer to buy 27% of BCP shares from PTT worth Bt12bn. (Kao Hoon, 1/12/14) Comment: Now […]
Read More →The story for the SET remains the same, year end buying from local institutions are and will continue to buoy the market, and the developments in the commodities market haven’t had an effect yet on any names outside the energy sector. Thinking aloud, what if the crash in commodities leads to asset selling leads to […]
Read More →Notable Transactions Buy(s) THB 325 mn EARTH – The owner buys a significant stake in the co JAS – On the news that their IFF is about to finally go through, a Director buys THB 86 mn worth of shares NMG – The owner puts more $ into the company, THB 127 mn, will digital […]
Read More →Thailand Oct GDP ‘presages better Q4’ – The economy last month – the first in the fourth quarter – revived as targeted and this quarter should be better than the third thanks to the expected improvements in all sectors, according to the Fiscal Policy Office. (The Nation, 28/11/14) Thailand, Vietnam set US15bn trade target – […]
Read More →ANAN ANAN ups 2014 revenue target to Bt10bn from Bt9bn upon booking a large amount of revenue from backlog. The company will obtain new projects worth Bt29bn in 2015, which is expected to generate revenue until 2017, adding to current backlog of Bt27bn. (Thun Hoon, 28/11/14) Comment: And this is the reason why I like […]
Read More →BEAUTY BEAUTY expects 2015 revenue and net profit growth of 20% YoY as it will invest Bt150mn in a warehouse and employee development and Bt150-180mn in new branches. (Kao Hoon, 27/11/14) Comment: The only consumer name in Thailand that has had positive SSSG, a growth machine, a cash machine its positively surprised me, shows how […]
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