Updates
Thailand MoF warns: protests may slow GDP growth — The MoF warns that anti-government protests might lead to a slowdown in 4Q13 GDP, as Thailand may miss capitalizing on the traditional high season for tourism by tarnishing its public image of the country. (Khao Sod, 05/11/13) Rice deal concluded says spokesman — The government spokesman […]
Read More →BBL Working to increase NIM — BBL will increase its net interest margin (NIM) and remains confident that it will not affect net profit. Capital reserve for 4Q13 will be in line with expectations and corporate loans will grow 8% this year. (Khao Hoon, 08/11/13) Comment: As much as we like to joke about them […]
Read More →ADVANC Economic slowdown leads to cut in target — ADVANC slashed its revenue target for the year to 5-6% from 6-8% due to the slowdown in the economy. Its 3Q13 net profit shrank to Bt8.34bn, with 9M13 net profit of Bt27.46bn, growth of only 3.9% YoY. (Khao Hoon, 06/11/13) Comment: Will this dividend behemoth finally […]
Read More →What happened to the market? Simple, Politics! But market reaction is always short term in nature with this.
Read More →Notable Transactions Buy(s) THB 509mn BGH – Another THB 506 mn bought by K. Prasert Sell(s) THB 248 mn BEAUTY – Big off the market transaction of THB 213 mn by principals IFEC – The founder, K. Narong, continues to sell his shares
Read More →CPN Central Festival Chiang Mai opening November 14 — CPN will open Central Festival Chiangmai, its 22nd retail outlet, worth more than Bt7bn, on November 14. This will be the north’s largest shopping mall. The company will partner up on promotional campaigns. (Khao Hoon, 05/11/13) Comment: They are just dominating the upcountry area with their […]
Read More →CPALL To issue bonds — CPALL has boosted its bond issue for institutional and retail investors to Bt50bn from Bt40bn in response to strong demand. (Khao Hoon, 4/11/13) Comment: Only positive out of this is that brokers can stop passing rumours around of a potential high FX Cost with the dollar loans. GEN GEN acquires […]
Read More →Thailand Shrimp, industrial goods lead 7% export decline – Thailand’s exports fell by 7.09% YoY in September, bringing the nine-month expansion rate to a marginal 0.05%. With it, the Commerce Ministry admitted yesterday the country will likely end the year with shipments far from its growth target range of 3-4%. (Bangkok Post, 26/10/13) BoT ditches […]
Read More →BLAND Bangkok Land condo taps area’s growth – SET-listed Bangkok Land Plc (BLAND) is developing the second phase of its Double Lake condominium project in Muang Thong Thani to cater to higher demand in northern Bangkok. The new phase, worth ~Bt525mn, will comprise two buildings with a combined 298 units priced from Bt1.99mn. It will […]
Read More →I love this quarterly release from Vincent Fernando over @ Religare where they track earnings growth vs market performance on a sector basis for countries in ASEAN. So as a quick summary this is what he sees for ASEAN  Banks, non-coal energy, materials , retail and telecom offer the best growth in ASEAN by sector. […]
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