ThaiCapitalist research
Cliff Asness (of AQR one of the world’s first quant hedge funds) has put together a rather compelling argument on market timing (active investment) vs the well marketing passive investment approach. Personally I far prefer the active approach but only b/c I have the time and a team behind me to ensure we have the […]
Read More →We’ve been following Thailand’s mobile saga with great amusement the past few days watching the # of bidding rounds continuing to increase and the value of each bid getting higher and higher. So after a 30 hr bidding marathon the results came out as follows: It was concluded at the 86th round! True won the […]
Read More →MSCI’s latest review of indices was announced during the week and here are the key details: Effective date: December 1, 2015 MSCI Thailand Index – None MSCI GLOBAL SMALL CAP INDEXES – Thailand (+5 / -8) Additions: GPSC, IMPACT, PLAT, TIPCO, VNG Deletions: DSGT, LOXLEY, MBK, MONO, NOK, PCSGH, PTL, SIM
Read More →Five infrastructure projects will be put on the fast track. The PPP committee plans to expedite infrastructure investment, beginning with five projects worth more than Bt300bn, including three mass transit lines (Pink, Yellow and Blue) and two motorways (Bang Pa In – Ko Rach and Bang Yai – Kanchanaburi). The expedited plan is expected to […]
Read More →ACAP ACAP targets net profit growth of Bt120mn after several years of net. It is ready to enter into debt restructuring like SAWAD. (Khao Hoon, 12/11/15) Comment: Ahhhhh is that what the new shareholders in ACAP are planning to do? Well then they are going up against SAWAD and JMT BANPU BANPU reported 3Q15 net […]
Read More →BKD BKD reported 3Q15 earnings growth of 107%. It expects 2015 revenue to mark new high. It has completed up a roadshow in Hong Kong with CLSA with good feedback. (Khao Hoon, 11/11/15) Comment: I just don’t understand how they were able to grow as well and whether or not it is sustainable. BRR BRR […]
Read More →AUCT AUCT expects 3Q15 earnings of Bt58mn (+8%). 4Q15 net profit is expected to be good aided by seasonality. It expects this to raise 2015 net profit to Bt227mn (+12.5%). It has applied to join the 4G auction. (Khao Hoon, 10/11/15) Comment: We think that the news is slightly incorrect for AUCT, more that AUCT […]
Read More →The market tried its best last week to finish on a high, but this coming week w/ earnings still generally disappointing for the 3Q15 and the likelihood of the Fed increasing their rates by the end of the year has everyone a bit nervous. Although don’t be surprised to begin reading in a few weeks […]
Read More →Notable Transactions Buy(s) THB 65 mn IFEC – Why the cross selling? Sell(s) THB 373 mn JAS – Hmmm why would the owner be selling so many warrants? IFEC – See above KC – For a company that hasn’t made more than THB 38 mn in profit over the past few years not surprised to […]
Read More →ADVANC ADVANC expects to report 3Q15 earnings tomorrow. It expects 9M15 net profit of Bt28bn (+4%) despite 3Q15 net profit dropped by 7% to Bt8.35bn. (Khao Hoon, 09/11/15) AKR AKR expects to get a Bt150mn electric transformer project from the MEA, which will raise its backlog to Bt600mn. It expects 2015 revenue to achieve target […]
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