ThaiCapitalist research
BoT orders SSI creditors to obey rules – The Bank of Thailand has instructed creditors of debt-ridden Sahaviriya Steel Industries Plc (SSI) to also set aside loan loss provisions for the parent company of SSI UK by the end of this month to comply with regulations. The lenders are required by law to set aside […]
Read More →Bill Gross’s latest monthly paper is out, as usual it contains great thoughts and this month its all about the Fed and the impact of low interest rates and the issues that come with it, see below for snippets and a link to the paper. “financial repressionâ€, long stretches of years and in some cases decades […]
Read More →ADVANC ADVANC expects 3Q15 net profit of Bt8.6bn (-4%) affected by decreasing service revenue and profit margin on sale of mobile handsets and rising marketing expense and depreciation. It expects 4Q15 earnings to be better because of the 4G auction. (Khao Hoon, 24/09/15) Comment: It’s the same story every couple of years for AIS, in […]
Read More →Source: Dilbert
Read More →AOT AOT’s board has approved a computerized passenger-screening system at its six international airports on December 1. International passengers will be charged for this. It expects this to increase revenue by Bt120mn. (Khao Hoon, 23/09/15) BDMS BDMS expects 2015 revenue to grow 12% as targeted. It has a goal of 50 operating hospitals. It plans […]
Read More →AP AP expects 2H15 backlog of Bt14.47bn, of which Bt8.47bn is expected to be booked this year. It expects 2015 revenue of Bt25.3bn as it has achieved Bt20.9mn. (Khao  Hoon, 22/09/15) BRR BRR plans to issue a Bt2bn 2-year debenture. It expects to use the cash from this to increase capacity to 23,000 tons/day. (Khao […]
Read More →A nice little op-ed from Mark Mobius post the fed decision to not increase rates and its impact on emerging markets. See below for snippets and a link to the full article In contrast to the Fed, central banks in emerging markets generally are not considering the question of raising interest rates in their home […]
Read More →Not to fan the flames any further, but SSI has just been halted from trading by the SET. Official reason? “The company has requested SET to temporarily suspend trading its securities because the firm is in the process of disclosing significant information.” Unofficial reason? They’re bankrupt! Reality – A restructuring of debt, the UK facility […]
Read More →AKR AKR is looking for prospective partner to invest in solar power. It plans to ask for a 20MW PPA this year. It expects 2015 revenue to be lower than 2014’s as construction of a solar farm has been delayed. It expects 2016 revenue of Bt3.2bn (+60%). (Thun Hoon, 21/09/15) Comment: AKR has been a […]
Read More →So the Fed has come and gone until the next meeting when the media can become very excited and begin writing about the positives and negatives as a result of the potential interest rate hike or decrease..? This week? Nothing! Although we are thinking aloud @ what point do the finco’s become interesting?
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