Market Update 28/01
Agriculture and resources are on a tear atm, and its well known that CPF is trading at its holding value in CPALL (for years). I do wonder when we’ll see the construction sector pick up…
Read More →Category: Research
ThaiCapitalist research
Stocks in the news (aot, com7, coman, ea, rojna, synex, thai, tvd) 28.01.19
AOT AOT grew in all ways. It reported that flights rose to 226k flight in 1Q19FY and passengers rose to 35mn, boosting earnings to Bt6.5bn in 1Q19FY. (Kao Hoon, 28/1/19) Comment: And so it still continues, people seem to forget that there are some 1.5 bn people in China and ~7% have a passport. Just […]
Read More →WHTW Top 10: 21/01 – 25/01
BOT tipped to hold rate at 1.75% throughout year amid low inflation. The Bank of Thailand (BOT) will hold the policy interest rate at 1.75 per cent throughout 2019, Tada Phutthitada, president of the Thai Bond Market Association (ThaiBMA), predicted last week. Short-term government bond yield is also expected to be stable in tandem with […]
Read More →Stocks in the news (bcpg, bgc, ktis, samtel, selic, smart, tpch, tpoly) 25.01.19
BCPG BCPG sets massive wind power goal. SET-listed BCPG Plc, the power business arm of Bangchak Corporation Plc, wants to add 1,000 megawatts through wind power projects in Asia-Pacific during 2019- 23. (Bangkok Post, 25/1/19) Comment: Well given the new PDP it definitely won’t be in Thailand BGC BGC has budgeted Bt5bn to acquire companies […]
Read More →Stocks in the news (atp30, bem, itel, nyt, scc, sprime, vcom) 24.01.19
ATP30 ATP30 expects earnings to be a record high with expected growth of 20% this year. This year, it will book a full year of revenue from four new customers and will not have to book Bt5mn depreciation for the 10-year bus lifetime. (Kao Hoon, 24/1/19) BEM EXAT (Expressway Authority of Thailand) retreated as its […]
Read More →Stocks in the news (caz, crd, dtc, epg, gpsc, kwm, sci, sonic) 23.01.19
CAZ CAZ expects revenue growth of 30-40% this year. Backlog is Bt2.8bn. It will bid for two projects, with at least one project to be decided this year. (Thun Hoon, 23/1/19)Comment: Regardless it was still an IPO flop CRD CRD signed a construction contract valued at Bt145mn. It expects to get jobs with total value […]
Read More →Thai Elections are a go
A random thought re politics is still being drafted since last week but until I post, the rumours since last night were now confirmed this AM that the Royal Decree from the King has been issued, countersigned by the PM. Date is yet to be confirmed however when you look at the deadlines, one should […]
Read More →Stocks in the news (atp30, bdms, caz, cpn, meta, ner, robins, rp, siri, spcg) 22.01.19
ATP30 ATP30’s management targets revenue growth of 10% this year, focusing on customers in industrial estates. It is working hard to widen margin via cost control with target margin of 27%. It will provide service to a new customer in February. It plans to purchase ten service buses this year. (Thun Hoon, 22/1/19) Comment: Rather […]
Read More →Random Thoughts: BDMS/BA
So what’s happened? And so its been all over the news since last Friday (18/01) https://www.hooninside.com/news-feed/84882/view/ And finally it hit the English news over the weekend and yesterday: https://www.bloomberg.com/news/articles/2019-01-21/ban-on-thai-billionaire-prompts-slump-in-top-hospital-operator?srnd=premium-asia https://www.bangkokpost.com/business/news/1615270/prasert-others-given-14-days-to-comply That the owner of Bangkok Airways Plc (BA) and Bangkok Dusit Medical Services Plc (BDMS) has been caught with his hand in the cookie jar. […]
Read More →Stocks in the news (ba, bts, caz, cho, lpn, m, sonic) 21.01.19
BA SEC punishes top BA shareholders. The Securities and Exchange Commission (SEC) has imposed fines totaling Bt500mn against three major shareholders of SET-listed Bangkok Airways Plc (BA), including billionaire Prasert Prasarttong-Osoth, for share price manipulation. (Bangkok Post, 19/1/19) Comment: Isn’t it silly? Not the SEC, the founder(s) of BDMS and BA. Their official paper net […]
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