ThaiCapitalist research
Notable Transactions Buy(s) THB 88.5 mn PACE – Despite the one of the founders buying a stake, I’m still of the viewpoint that PACE is effectively bankrupt, unless they have new equity injection. Sell(s) THB 48.7 mn BAT-3K – The sale by major stakeholders to new shareholders
Read More →Don’t know what to do today? Stop everything and just read this latest memo from Howard Marks The basic proposition is simple: Investors make the most and the safest money when they do things other people don’t want to do. But when investors are unworried and glad to make risky investments (or worried but investing […]
Read More →Revenue Department will propose sugar tax regulation to cabinet in August, to take effect on September 16. Producers will be given a two-year grace period. (Khao Hoon, 31/7/17) Credit Card business association says three-lender system very damaging. The Credit Card Business Association said that the BoT’s policies to curb credit cards and personal loans will […]
Read More →ITEL ITEL won high-speed internet projects for 3920 villages worth Bt1.8bn. It expects to book some portion of revenue this year. (Khao Hoon, 3/8/17) SCCC SCCC board approved dividend of Bt6 per share with XD on August 17. The total dividend payment is Bt1.79bn. Though 2Q17 earnings were only Bt796mn, it believes the country’s cement […]
Read More →A potential sudden increase in bond yields have been on my mind for a long time, and if you’ve been reading Bill Gross’s monthly commentary’s for the past few years it’s been the only topic on his mind as well. I can quite easily picture a scenario where yields in the US go up higher […]
Read More →His August 2017 Commentary focuses on two key issues, productivity and liquidity. I’ve always thought that following capital flow is just as important if not more so than good old fashion company analysis because the majority of one’s returns are determined by the asset class/market/sector etc that one’s investment holding is in. Here’s my favourite […]
Read More →CK CK gets a project worth Bt275mn. CK got the Srirat outer ring expressway project worth Bt275mn. This puts its backlog at Bt97.7bn. (Khao Hoon, 3/8/17) MACO MACO plans M&A deals both abroad and in Thailand. This is expected to be more clear in 4Q17. It plans to invest Bt150mn to change 30 LED boards. […]
Read More →BEAUTY BEAUTY believes 2017 revenue growth would be more than 20%. It plans to continue expanding business abroad and in Thailand. (Khao Hoon, 2/8/17) Comment: The growth would now be determined on their ability to expand overseas, domestically its seems to have reached “peak beauty” ha…ha…ha…. BIG BIG to go into the photo printing business. […]
Read More →On Bloomberg last week they put up a quick article on AOT. It’s a well-known fact that tourism is one of the few bright spots for Thailand for the past …. forever. And there is only one pure play for it and that is AOT. The problem however is that it is the most expensive […]
Read More →EARTH KTB to send legal officers to investigate EARTH after it filed for bankruptcy with the Central Bankruptcy Court with total debt of Bt47.5bn, higher than its assets of Bt31.8bn (Bangkok Biz, 1/8/17) Comment: “Where did our money go krub?” Â Â FTE FTE signals brighter 2H17 earnings, driven by private and public projects with total […]
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