Management Trades 25/10 – 29/10
Notable Transactions Buy(s) THB 1 bn T – A reverse IPO, new owners came in at 0.02, market price 0.62. Sell(s) THB 62 mn BANPU – So he’s dumped what he bought via the RO.
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ThaiCapitalist research
WHTW Top 10: 25/10 – 29/10
China, India to be invited to join development efforts: Thailand, Indonesia and Malaysia will deepen economic and logistic cooperation under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) with a plan to invite China and India into the partnership. Bangkok Post BoT eases mortgage LTV ratio: Move aims to boost property sector. The Bank of Thailand (BoT) has […]
Read More →Stocks in the news (aot, awc, ekh, global, rml, qlt, tfm, tidlor) 29.10.21
AOT: Civil Aviation Authority (CAAT) reports 27 airlines scheduled to land in Thailand during November 1-5 Nov, 15,230 passenger arrival on the first 5 days where 10,062 passenger straight to Phuket Comment: The YoY %’s are going to be YUGE! AWC: to open 248 rooms Marriot Courtyard Phuket on November 9. Comment: But they’ll open […]
Read More →Stocks in the news (aja, b, bay, bgrim, dohome, dpaint, erw, mbket, or, scc, ssp) 28.10.21
AJA: signing MOU with National Telecom (NT) to develop smart city for tourist towns including Hua-Hin, Phuket & Pattaya. B: top holder, Millcon Steel, cuts holding by 1.4188% to 8.6251% of total outstanding on Tuesday BAY: sells Bt1.4b bad loans to BAM for Bt940m, 33% discount to combined face value. Comment: BAM always OVERPAYS. The […]
Read More →Stocks in the news (bam, ratch, cpall, egco, scgp, solar) 27.10.21
BAM & RATCH are expected to be remove from MSCI index on an upcoming reshuffle announcement November 11, effective at the close of Nov 30, tabloid. Comment: And the replacements will be MAKRO and…? CPALL: anticipates 4Q turnaround from positive SSSG, expects sales jump after curfew lifted on October 31 (11pm) as sales during 7pm-10pm […]
Read More →Stocks in the news (banks, bgrim, ind, kbank, nrf, rt, solar, sta, toa, trc) 26.10.21
BBL, BAY, TTB & UOB lodged bid for Citi retail assets in TH; KBANK & SCB drop out, estimated price goes as high as Bt70b, tabloid. BGRIM: in talk M&A domestic & overseas power plants total 500mw, expected to wrap up within 4Q, lifts total capacity above 3,400mw, firms on 15% revenue growth target. Comment: […]
Read More →Table: Margins in TH (+SEA)
We distributed this datasheet a month ago to investors. The takeaways for Thailand are: Public companies are stronger than private ones Revenue does not need to return to pre-c19 levels to achieve the same margins Now the questions: How much better will margins be in the coming quarters/years as economies reopen? How much higher a […]
Read More →Stocks in the news (aot, cpn, irpc, glory, grammy, ratch, sawad, bfit, stanly, tcap, uac) 25.10.21
AOT: sees earnings at trough cycle, expects FY22 loss narrow to Bt4b from Bt15b loss this year, target 62.3m passenger arrival in FY22 & 116m FY23. CPN: opening 2 malls this week, Central Sriracha on Wed & Cental Ayudhaya on Saturday, reassure FY21 earnings no less than last year. Comment: They are the giant in […]
Read More →Market Update 25/10
Banks banks banks – hey the #s were amazing – no surprise – BOT policies allowed for them to hide NPLs and kick the can down the road for the next 5-10 years. Watch them slowly provision all their issues every q and how magical the figures will be. Now throw in the higher interest […]
Read More →Management Trades 18/10 – 21/10
Notable Transactions Buy(s) THB 6.2 bn JMART – He’s kept buying back shares. In the coming weeks we’re going to hear more about the capital restructuring of the company. GRAMMY – And another flailing old company that has decided to call themselves a “tech company” changes its listing status via a restructuring and boom. GLOCON […]
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