ThaiCapitalist research
ACG sees recovery vehicle sales 4Q on seasonal, will amp up year end campaign to boost sales, plans to add 15 dealerships next year to expand sales and maintenance services. Comment: That doesn’t seem to be the case when look at the sales #s for the industry domestically/regionally/internationally AMATA reassures solid turnaround from strong IE […]
Read More →Aid package for property under way : 0.01% mortgage, transfer fees touted . An aid package for the property sector that includes a temporary cut of mortgage and transfer fees to a single rate of 0.01% for homes priced at up to 3 million baht will seek cabinet approval this month. Bangkok Post FTI lowers […]
Read More →Transport Ministry said he has full authority to revise BEM’s concession extension before the expiry date in Feb 2020. CP Group led consortium, including ITD, CK, BEM, signed a Bt224b contract yesterday to build high-speed train route linking 3 major airports, which is expected to boost economic development and create >100K jobs. Comment: And this […]
Read More →So the government has come out with the another round of property stimulus measures, and here are the details: On October 22nd, 2019, the Cabinet approved a temporary reduction in transfer fee from 2% to 0.01% and mortgage registration fee from 1% to 0.01% to those home buyers of up to Bt3m/unit. It will last […]
Read More →ANAN’s a prime beneficiary of Govt’s prop stimulus, plans promo to liquidate Bt33b worth of stocks, Tabloid. Comment: Well not really, as several of their projects are above THB 3 mn IVL t/g recycling 750K tons of plastics by 2025, with Nakorn Prathom plant capable of recycling 1.65m of plastic bottles p.a. Comment: Some have […]
Read More →BANPU in jv with Dura Power to open Lithium Ion battery in China with 1 Gwh capacity. A debt default by PACE will likely dampen other prop developers’ ability to issue new debentures, warns a property industry source. Comment: Absolute bull$hit, AP, LH, PSH, ANAN can (and have) all easily issue debentures/bonds at rates below […]
Read More →A few months ago I had a discussion with the research department of a regional sell-side team and one of the junior’s on the team had put together a fantastic internal analysis on the high correlation between Google Trends and tourism visits to Thailand. Now I can’t put up their magic sauce here because its […]
Read More →PwC said changes in the way financial instruments are classified under the new Thai Accounting Standards (TAS32) may result in perpetual bonds being reclassified from Equity to Liabilities and thus could increase D/E ratio and potentially leading to a breach of debt covenants and ultimately prompting banks to call in all outstanding loans. PTTEP, IVL, […]
Read More →And just look at how quickly even a large cap such as IVL can fall. It’s their margins, the normal cycle in their industry. What has surprised me this is the continued strength in the telco sector. 3Q19 #’s are starting to come out, its going to be bad reading for most firms starting first […]
Read More →Notable Transactions Buy(s) THB 287 mn CGD – Family Trade CGH – A family trade PSTC – The Chairman continues to buy shares EIC- A director buy’s shares, could something positive happen in this odd name? Sell(s) THB 163 mn CGH – See above ALL – This director/family member is selling shares
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