Market Update 24/06
And whilst I was overseas last week the market decided to suddenly wake up on the back of ETF flows (probably) into the market and AOT announcing that they’re going to flnally earn a bit more from King Power.
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ThaiCapitalist research
Thai Baht/USD
It’s been in the news that the THB continues to strengthen versus the USD and people are going on and on how this is negative for exports (agreed) bad for the economy (yes GDP #’s will look weak because of the weight of exports, but longer term I’m not sure) and how the country will […]
Read More →Stocks in the news (anan, jubile, lh, ptt, rjh, s, tkn, vgi) 24.06.19
ANAN to adjust sales strategy by focusing more on existing stocks and expansion in China, sees Bt300-400m recurring income from serviced apartment, reaching Bt1.8b in 2021. Comment: Questions are still around regarding the condo transfer market, hence why this name is still at 5x PE JUBILE sees strong 2H19 on seasonal and new products to […]
Read More →WHTW Top 10: 18/06 – 21/06
State seeks premium restructure : Insurance to benefit from price controls . The government is looking for ways to lower life and health insurance premiums after the prices of medicines, medical supplies and medical services are brought under control. Bangkok Post 200m contribution set for ACMECS fund : The Cabinet yesterday decided to set aside […]
Read More →Stocks in the news (ci, ecf, spali, thg) 22.06.19
CI sets Bt6.4b capex for 6 projects this year, while Sri Panwa Hainan hotel to open next year. ECF’s unit, ECF-Power, to cod 50mw Minbu solar projects in Myanmar on Jun 27, will book 20% contribution from investment, target cod phase 2-4 combined 220mw by end of-FY21. MG launches new EV, MG ZS EV suv, […]
Read More →Stocks in the news (aot, ptt, kiat, cho, scan, ske, true, tpipp, tfg) 19.06.19
AOT board to endorse duty free and commercial area bidding results at Suvarnabhumi today and may reveal larger than expected fees by the winner. Comment: And boom, that shook the market up a fair bit today. Energy minister turn down NGV subsidies extension request from NGV local traders and fleet operators as motorists no longer […]
Read More →Stocks in the news (cpn, crane, ea, mc, pttep, rs, sabina, thg) 18.07.19
CPN plans to open at least 2 new shopping centres in Malaysia and VN as soon as possible after the successful opening here last week of its 1st Malaysian shopping centre, Central i-City, built at a cost of Bt8.5b. Comment: I am curious to see how they will perform in Hanoi, I have my doubts […]
Read More →Stocks in the news (bem, beauty, iii, bgrim, rojna, sena, thai) 17.06.19
BEM reaffirms solid 2Q from strong tollway traffic & MRT ridership, expects big jumps 2H following debut of Blue line extension (Hua Lamphong – Lak Song) from August. Comment: And BTS has the same story as well BEAUTY signs 6 Chinese agents to distribute skin care products in China, target revenue from abroad surging to […]
Read More →Market Update 17/06
So weak earnings don’t pull the market down nor a discombobulated government doesn’t either nor a weak global economy where the rate of growth is slowing and exports appear to be collapsing in major economies. Well then, I have nothing further to add *grin*
Read More →Management Trades 10/06 – 14/06
Notable Transactions Buy(s) THB 121 mn BDMS – Despite the family selling in the past, this director is buying more shares BEM – Boom the family buys shares Sell(s) THB 67 mn WP – That’s quite the sale by the acting CEO THG – A rare sale by the owner!
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