Updates
BANPU BANPU reports 90% of Hongsa power plant has been completed. It expects the plant to start running in mid-2015. The company is also ready to invest in a solar farm project in Japan and expects a conclusion by the end of the year. It targets coal sales this year of 48mn tons and expects […]
Read More →APCO APCO to do a PO of 28mn shares. The proceeds will be used to develop BIM Healthcare this year. It also plans to move to the SET early next year. It is confident that net profit this year will grow no less than 60%. (Kao Hoon, 14/08/14) Comment: With such a performance i too […]
Read More →BA Bangkok Airways expects to list on the stock exchange within 2014. It aims at an IPO of more than Bt10bn to set up a new aircraft maintenance factory at Suvarnabhumi airport, buy aircraft, and improve Samui airport. (Kao Hoon, 13/08/14) Comment: Their flights to and from Samui were consistently full every time I’ve gone there, as […]
Read More →Last week, this week, and everyday until the 15th August the market will be (hopefully) determined by earnings releases, although geopolitical events have weighed down on equity markets globally. What was interesting was how Solar related names increased sharply:Â DEMCO +13% to Bt11.3, SPCG +3.88% to Bt26.75, GUNKUL +5.26% to Bt18, EA +2.82% to Bt25.5, on […]
Read More →Notable Transactions: Buy(s) THB 343 mn GRAMMY – The owner does a trade SUPER – Another backdoor listing, that is related to the solar plant industry Sell(s) THB 340 mn GRAMMY – See above TPIPL – Same as last week, TPIPL share’s have been rising strongly on the back of capacity expansion
Read More →Thailand MPC holds key rate at 2% amid subdued export, tourism growth – The Bank of Thailand is generally upbeat about the country’s economic-recovery prospects in the second half of the year, due to firmer domestic demand and fiscal policy. (The Nation, 07/08/14) MoF still expects growth of 2% — The Ministry of Finance remains confident that […]
Read More →AAV TAAX plots aggressive expansion – Thai AirAsia X (TAAX) is charting a lofty growth plan that it hopes will put the airline at the forefront of the medium- and long-haul low-cost segment it pioneered in Thailand. Ramping up its passenger volume to 1mn by 2016, expanding the fleet to include a newly unveiled version […]
Read More →CGS CGS cuts market share target for brokerage to 3% from 3.5% after the resignation of its marketing team. It is ready to become a holding company in October, and is interested in energy and telecommunication businesses. (Kao Hoon, 07/08/14) Comment: As is always the case, whenever a new brokerage firm pops up, brokers move around and […]
Read More →AAV Thai AirAsia’s load factor slides in Q2 — Thai AirAsia (TAA) carried 16% more passengers in the second quarter but the growth lagged behind its 23% rise in capacity. Thailand’s largest low-cost carrier recorded 2.8mn passengers between April and June when it had 3.6mn seats. TAA’s load factor was 78%, down from 82% in […]
Read More →ADVANC ADVANC plans to pay DPS of Bt6.04, XD 13 August, though its 1H14 net profit declined to Bt17,96bn due to higher depreciation and amortization. Its 3G clients increased to 34.4mn but the company reduced revenue growth target to 1-2% YoY in 2014. (Kao Hoon, 05/08/14) Comment: ADVANC has been an easy trade in the past 2 […]
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