Updates
Notable transactions Buy(s) – THB 37.4mn Mint – Heinecke continues to purchase shares in his own company despite the 100% increase over the past 12 months. People I think have failed to realise that MINT is not just a thai business anymore with 1/3 of its ebitda coming from overseas markets today. Sell(s) –  THB […]
Read More →BBL: Expects good 2Q13 earnings. BBL is forecasted to report good earnings of over Bt10b in 2Q13 (up 15-18% yoy). Key drivers will be a pick-up in loan growth, stable NIM, strong fee momentum (backed by wealth management and bancassuarnce) and stable credit costs. (Source: BBL) Comment: Every bank will have a good 1H13 but […]
Read More →Thailand Car scheme blamed for slow growth — Narongchai Akrasanee, a member of the BoT’s MPC, estimates the country’s economy will grow by just 4% this year as domestic consumption ebbs. Thais’ ability to spend has been curbed, as many are obliged to service loans for cars bought under the government’s first-time car buyer scheme, […]
Read More →CKP CK Power starts to operate Bang Pa-in plant commercially — CK Power Plc commenced commercial operations at phase 1 of its Bang Pa-in cogeneration power plant on June 28. (The Nation, 05/07/13) MCOT MCOT in deal to broadcast selected EPL matches — The board of MCOT Plc, the broadcaster of Modernine TV, is seeking […]
Read More →Glow Energy Plc (GLOW) is a group of energy companies with core businesses in generating and supplying electricity, steam, clarified, dematerialised and chilled water to customers. It has a generating capacity of 3,182.55 megawatts of electricity, 1,206 tonnes per hour of steam and 3,400 refrigerated tonnes per hour of chilled water. SET-listed Glow is 69.11% […]
Read More →According to Bloomberg, Thailand still ranks as the #1 destination for Medical tourism… Source: Bloomberg … a quick look at Bumrumgrad Hospital (ticker: BH) revenue contribution for the past 2 fiscal years demonstrates how important medical tourism is to the hospital industry here in Thailand. Source: Bumrumgrad Hospital 4Q12 Report
Read More →Notable Transactions Buy(s): THB 194 mn GFM – Continuation of a shift within the family holdings PPP – Hmmm..the chairman/CEO purchases nearly THB 50mn worth of shares Sell(s) THB 93 mn GFM – See above SIM – President sells THB 24.5 mn worth of shares, well SIM has been trading as high as 75x P/E, […]
Read More →Amata: Still confident of EIA backing. Amata Corporation is confident the environmental impact assessment (EIA) for its 3,500-rai expansion at Amata Nakorn Industrial Estate will be approved this year, ending a long dispute with communities. The company maintains the land sales target of 3,000 rai in 2013, up from 2,800 rai last year. (Source: Bangkok […]
Read More →AMATA Amata expands industrial estates as Chinese flock in – Amata Corp, Thailand’s major developer and manager of factory estates, is set to expand its industrial zones to cater to Chinese investors, who are expected to set up 300 to 500 plants in its zones in the next five years. (The Nation, 03/07/13) Comment: Well […]
Read More →Thailand Household debt on upward tilt — Household debt has hit a fresh high, particularly among low income earnings, who remain widely exposed to loan sharks, says the University of the Thai Chamber of Commerce. The latest UTCC survey of 1,200 respondents found mot of them (64.l5%) had average household debt of Bt188,774.54, up by […]
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