ThaiCapitalist research
ASP said there’s risk Thai credit rating may be cut, after Moody’s cut Laos’ from B3 to Caa2, a Junk Bond, after running a huge deficit. Comment: Well Laos’ issue is that they relied on Chinese financing and now have lost their assets to China, whereas Thailand is thankfully (so far) not been as stupid. […]
Read More →Oil woke up to the downside over Thailand’s long weekend (started on Thursday night) and is now -12%. This naturally has a negative impact for the Thai market given the weighting in the index on oil names. The agri sector, especially those driven by pork prices – well it seems done for now, I wouldn’t […]
Read More →AEONTS sees lower LLP from improving assets quality, sees card spending pick-up from online shopping. CKP sees solid 3Q, the strongest this year, as higher water volume boosts output and profit. FSMART upbeats 2H outlook from 3 new launch products selling via top-up machines including insurance policies in cooperation w TQM, mini-ATM service, allowing withdraw […]
Read More →Notable Transactions Buy(s) THB 216 mn AGE – Hmmm another decent buy by the Chairman/MD OSP – The family continues to accumulate their shares Sell(s) THB 400 mn IP – The CEO dumps a block NOBLE – The odd shareholders are out.
Read More →Shouldering the burden : Some companies agree with a government scheme to partially subsidise salaries, but they wonder if the budget is adequate. With no end in sight to the economic downturn caused by the Covid-19 pandemic, the government aims to put much of its aid effort towards fiscal stimulus to prop up the economy, […]
Read More →CRC scales back European malls expansion as pandemic dampen purchasing power, mulls investing in IT & online business to align with new normal. Comment: Without tourism from Asia the malls they have in Europe will be quiet….for Thailand ~20% comes from direct tourism spending. GULF to wrap up 3 hydro powerplants deal in Laos with […]
Read More →AMATA: KSAM cuts holding by 0.0807% to 4.987% of total outstanding on Monday (Aug 31), SEC filing. BGRIM to work with AMATA in developing smart-city concept in every projects, hoping to boost power productions, including Amata Smart City in Myanmar. CPALL maintained 700 branches expansion target this year, will sell Bt25b CD to refinance and […]
Read More →BA add 1 daily flight each to 3 routes (Bkk-Chiang Mai, Bkk-Phuket, Bkk-Lampang) from Sept 1. BAM’s earnings have bottomed out in 2Q, with Bt1.16b Net profit expected for 3Q, +32%, excluding Bt2-3b DTA, Tabloid. CGD to launch 2 hotels, Capella Bangkok and Four Season at Chao Phraya river, in Oct and Nov, Bt12b backlog […]
Read More →Right of first refusal, or as I like to call it, freebie shares. Is this the beginning of a new trend where companies are going to be spinning off subsidiary/associate co’s and offering shares of the new IPO to existing shareholders of the existing listed co? The first one we saw post-lockdown was BWG (Better […]
Read More →AWC inked deal with Marriott International to expand 4 hotels total 1,638 rooms including Ritz-Carlton Reserve, Autograph Collection, JW Marriott Marquis. Comment: And watch them continue to sell assets from the private co to the public co. BGRIM’s expected to wrap up 2,700MW LNG to Power deal in Vietnam by early next year following earlier […]
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