ThaiCapitalist research
ANAN to refocus on selling ready to move in projects, targeting Bt16.6b presales this year, after booking Bt4.354b in 1Q, keeps Bt20b transfers, while revenues stream is supported by Bt30b backlog. Comment: 1Q20 was a core profit loss…more pain to come in 2Q BTS cuts holding in RS by 00807% to 4.9323% of total outstanding, […]
Read More →Notable Transactions Buy(s) THB 43mn NER – The CEO buys a chunk of shares, first time I’ve seen this here, hmmm Sell(s) THB 4.6 mn N/A Note: Now that 1Q20 #’s are basically all out it’ll be interesting to see what directors/owners will do in the coming weeks
Read More →Ministry to issue savings bonds soon : The Finance Ministry plans to offer special savings bonds worth 50 billion baht to the public to give taxpayers more investment alternatives to earn higher income as low interest rates and economic uncertainty prevail. Bangkok Post Economic rehab plan en route : A 400-billion-baht borrowing plan intended for […]
Read More →CPF’s firm on 8-10% revenue growth, sees growth momentum into 2Q, sets Bt20b capex. Comment: I see a high probability for all commodity prices to go very very high over the coming decade… DCC’s 967.5m new shares from exercise of DCC-W1 1:1 at Bt1.15 apiece tradable today, previous close Bt1.84. JWD anticipates 2H turnaround from […]
Read More →BGC sees revenue reaching Bt20b within 5-year, eyes 7-8 packaging and energy M&A deals, with 1-2 within this year. Comment: If their comps are seeing a huge drop in volumes, BGC could arguably pick up assets on the cheap COM7 maintained parallel approach between on/offline sales, aims to maintain online sales above 10% of total […]
Read More →Non-listed mall operator, the Mall Group, revised down this year sales target by 30% from Bt58b last year. Comment: Not listed, but interesting news nonetheless JKN, in cooperation with ICC Group, launches JKN Shopping, a home shopping channel, on JKN Dramax and JKN-CNBC web site. III announced buyback up to 10m share or 1.64% of […]
Read More →For Thailand here are the key changes: MSCI THAILAND INDEX Additions ASSET WORLD CORP (AWC) BANGKOK COMM ASSET MGT (BAM) KRUNGTHAI CARD (KTC) Deletions BANPU MSCI Small Cap Additions: BANPU Deletions: ANAN, BEAUTY, BEC, ERW, GGC, ITD, LPN, PLAT, PSL, GLOBAL, SVI, TTA, U, UNIQ, UV, WORK Sources: https://app2.msci.com/eqb/gimi/stdindex/MSCI_May20_STPublicList.pdf https://app2.msci.com/eqb/gimi/smallcap/MSCI_May20_SCPublicList.pdf
Read More →CENTEL omitted dividend for FY19 operation after previously declared Bt0.55 dps, preserve cash for hotel operation. Comment: You’ll see a lot of dividend cuts….. EPG sees FY20 (ending March 20) on par with previous year, helped by solid 4Q from lower raw mat price and weak THB. Comment: Again love 1/2 the business, hate the […]
Read More →The recovery rally had a slight dip last week, but appears to back on today. The next 3 months is going to be interesting, news of economies opening and weak financial results (all done by this week for Thailand). How far will investors look past the #s? How far ahead will investors price in the […]
Read More →EASTW give 1.5% discount on tap water sales to Provincial Waterwork Authority for 3 months from April to June 20 to aid those impacted from COVID 19. Comment: Not much of a discount…water has been the only utility to not be targeted for discounts by any government for the past 15 years (from memory) HANA […]
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