Updates
ADVANC ADVANC targets revenue growth of 4-5% in 4Q14, from 3Q14 revenue of Bt29.382bm. For the year, it expects revenue from services to grow at its target rate of 1-2%. It said it is confident that bidding for 4G will start 3Q15. (Kao Hoon, 07/11/14) Comment: The key thing that most investors look at here […]
Read More →AP AP reports presales of Bt21bn as purchasing power has recovered to support demand for property in downtown and near train mass transit. The company is preparing to launch Banklangmueng in Sukhumvit 77 and Rhythm “The Slow Collection†totaling Bt6.35bn. (Thun Hoon, 06/11/14) BEAUTY BEAUTY says 4Q14 will be good on seasonality. It expects revenue […]
Read More →AOT AOT proposing infrastructure fund — AOT will meet with the Ministry of Finance and the SEC next week to discuss setting up an infrastructure fund in order to raise Bt60bn for the construction of Suvarnabhumi Airport phase 2. It expects a decision to be made by December. Brokers and banks are lining up to […]
Read More →AJD AJD starts trading at new par value of Bt0.1/share today and expects price at Bt3.2/share. Management reports set-top box sales volume of 500,000 boxes YTD and expects to sell 2mn boxes in 2014. The company is studying investing in a solar power plant in China. (Kao Hoon, 4/11/14) Comment: Stock splits = retail gold! […]
Read More →BA BA starts trading today. It is expected to close at above Bt25/share. Management expects 2015 revenue growth of 18% YoY supported by initiation of AEC. The company aims to find three new partners. (Kao Hoon, 3/11/14) Comment: I think its going to go the way of NOK i.e. shitty first day, and it will […]
Read More →Last week the market was given a good slap on the bum with 2 events, first the Bank of Japan came out saying “We want to be the largest money printer in the worlddddd!” and second, PTT announced that it is looking at potentially listing its retail arm in what may be the largest IPO […]
Read More →Notable Transactions Buy(s) BBL – A clever buy, BBL’s stock price had a short term issue with the NVDR quotient being filled up, this has now been rectified hence the stock price recovery TICON – I’m half guessing that this is just a switch between custodians – but i’m not too sure Sell(s) IEC – […]
Read More →Thailand More state rice sold- The government expects to deliver between 900,000 and 1mn tons from rice stocks by year-end through government-to-government contracts. (Bangkok Post, 31/10/14) FPO cuts growth forecast to 1.4% amid weak exports – The Finance Ministry’s think tank yesterday trimmed this year’s economic growth forecast to 1.4%, assuming that second-half growth comes […]
Read More →BCP Bangchak earmarks B7bn for refinery rejig – BCP plans to spend Bt7bn to improve its oil refinery in its bid to gain a higher refinery margin. Executive vice-president Phichet Emwattana said the spending would start next year and run until 2018. (Bangkok Post, 31/10/14) CPF CPF maintains revenue growth of 10% YoY to reach […]
Read More →CK Ch. Karnchang maintains revenue target – Ch. Karnchang Plc (CK), Thailand’s second-largest construction firm, expects to maintain its revenue target of Bt30bn this year despite delays facing the government’s megaprojects. Its current backlog of more than Bt100bn will help it meet the target, said senior executive vice-president Prasert Marittanaporn.(Bangkok Post, 30/10/14) DELTA DELTA expects […]
Read More →