Updates
Notable Transactions Buy(s) THB 77mn N/A Sell(s) THB 422 mn BLAND – With the REIT finally listed plus the fact that they don’t have any other sizeable assets to sell, there isn’t any new catalyst for BLAND to move. BROOK – Brook, one of the oddest companies on the market that no one really trusts. EE- The […]
Read More →Thailand Deputy PM asks for faster budget disbursement – Gen. Prawit Wongsuwan, a Deputy Prime Minister, has expressed his concern over an incomplete distribution of the financial assistance to rice and rubber farmers, which might affect the efficiency of the government’s economic stimulus package. (NNT, 12/11/14) Public Debt to GDP – The PDMO has reported […]
Read More →BANPU Power plants, coal at core of new Banpu plan : Banpul Plc is preparing a new five-year business plan in preparation for the current plan ending in 2015, the company has revealed. (The Nation, 14/11/14) Comment: For banpu to become an attractive investment again one of two these two things have to happen 1) […]
Read More →BEAUTY BEAUTY reported 3Q14 net profit of Bt81.3mn, +68.4% YoY. The company is preparing to launch a new marketing campaign in 4Q14 to stimulate sales and is confident that revenue will grow 30% YoY in 2014 with widen net profit margin to at least 20%. (Kao Hoon, 13/11/14) Comment: One of the few companies to […]
Read More →BKD BKD to book Bt400mn of current backlog in 4Q14. It is confident that revenue for the year will exceed its target of Bt1.1bn. It expects to know the bidding results of a new project worth Bt1bn this year. It has set a five-year plan targeting revenue growth of at least 20% per year. (Kao […]
Read More →AAV Thai AirAsia posts static Q3 load factor – Thai AirAsia (TAA) saw a slight fall in load factor in the third quarter, which it attributed to Thailand’s political situation and a sluggish economy. The country’s largest low-cost carrier still recorded a relatively high load factor of 82% for JulySeptember, down by one percentage point […]
Read More →CBG CBG sets IPO price range of Bt26-28/share and subscription period during 12-14 November. The company will list on the SET on 21 November and expects to use the funds from the IPO to repay debt and expand, focusing on CLMV markets. (Kao Hoon, 10/11/14) ESSO ESSO plans to invest Bt2.2bn to increase refinery and […]
Read More →There’s another 5 days left for all 3Q14 earnings to be announced, needless to say its been a busy period. The market has been wobbling for a few reasons 1) 3Q14 have come out looking average at best, if not downright awful for some sectors 2) Everything appears to be priced in for the good […]
Read More →Notable Transactions Buy(s) THB 20mn N/A Sell(s) THB 22mn N/A
Read More →Thailand Consumer confidence up in Oct – The consumer confidence index for October edged up from the previous month, attributed to the government’s planned Bt360bn economic stimulus measures to be implemented in the remaining months of the year. (The Nation, 7/11/14) Opinions divided on 2015 growth – Public policymakers, Pridiyathorn, remain upbeat that next year’s […]
Read More →