Market Update 30/11
After this great rally of nearly +20% this month, the question we face is 1) is it over? 2) if not, will it continue, then if so by how much more? 3) what else should we buy? 4) What’s being priced in?
Read More →Category: Research
ThaiCapitalist research
Management Trades 23/11 – 27/11
Notable Transactions Buy(s) THB 154 mn THG – With this new shareholder buying, does it mean that THG will finally have bottomed? Or is it just going to be a shift in the management structure of the firm? Sell(s) THB 85.8 mn SFT – The CEO sells ~2% of shares post IPO
Read More →WHTW Top 10: 23/11 – 27/11
Kingdom pushes SME promotion : Thailand pushed for the promotion of smaller businesses and the development of service sector workers to address new normal challenges during a virtual Asia-Pacific Economic Cooperation (Apec) leaders’ meeting yesterday. Bangkok Post BoT moves to curb strengthening baht : The Bank of Thailand has liberalised foreign currency deposits and increased […]
Read More →Stocks in the news (acg, aot, awc, crc, gfpt, tfg, cpf, lh, sabina, sft, spcg, tpipl, xo) 27.11.20
ACG expects big jump 4Q from recovery sales from new launch Honda City hatchback & City hybrid, upbeats outlook on small & mid-size auto market as consumers prudent on spending. Comment: Love Honda’s but the overall industry trend isn’t that positive yet. AOT sees 47.91m passengers next year, rising to 110.88 in 2022, before getting […]
Read More →Stocks in the news (bch, delta, bam, com7, centel, cpf, ea, hana, impact, jkn, leo, ncap, samtel) 26.11.20
BCH: mulls petition for additional 10k SSO patients quota, roll out One Day Surgery (ODS) service to boost traffic and margins, will cod 2 new hospitals January 1,21 (Vientiane in Laos and Prachinburi), sees less capex next year, eyes 10-15% revenue growth target. DELTA, BAM and COM7 are expected to be added to SET50 for […]
Read More →Stocks in the news (amata, aot, as, bjc, cbg, dtc, forth, hmpro, tacc, tasco, tpoly) 25.11.20
AMATA said will miss 950 rai land sale target this year, as 9-10 clients postponed land purchase due to covid. Comment: No surprises here. Though yes arguably AMATA is attractive on an NAV/share basis atm. AOT reported Bt4,320m FY20 NP, ending September 30, -83% yoy, in-line with Bt4,372m consensus. Its reported a core loss of […]
Read More →Stocks in the news (cbg, erw, ptt, s, sc, seafco, sisb, stec, stgt, tasco, top, tqm) 24.11.20
CBG eyes no.1 domestic energy drink market share by FY22, targeting 20% revenue growth next year from CLMV sales, will finalize plan to list supermarket stores, CJ Express Group, within FY22. Comment: CJ dominates eastern Thailand, didn’t know that eh? Yup a drive around there and you won’t see 7-11’s, tesco’s, bigc’s as much as […]
Read More →Stocks in the news (as, auct, bcp, cbg, chewa, samart, svoa, tacc) 23.11.20
AS sees >100% growth in revenue this year, plans 6-10 new games next year, hopes to resume dividend payment mid-2021, sets Bt100-150m capex for Vietnam and Indonesia expansion. Comment: You’ll probably see a quarterly decline in revenues. AUCT upbeats 4Q earnings momentum from accelerating traffic at auction yard as Leasing & Banks purge repossessed vehicles […]
Read More →Market Update 23/11
What a difference a few weeks make. The SET is +16% this month alone, though still down -12% ytd. Which sectors drove it? Resources (i.e. commodities and all) *personal pat on the back here*, and #2 were banks. Though I’m right now listening to BAM’s call, and they’ve mentioned that their capacity of buying bad […]
Read More →Management Trades 16/11 – 20/11
Notable Transactions Buy(s) THB 271 mn VGI – BOOM! What a buy order. So first he buys a stake below 6 before the Kerry IPO is announced. Then BTS sells it’s stake in VGI to investors. And now he’s gone ahead without another massive buy. Sell(s) THB 12 mn N/A
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