ThaiCapitalist research
Yesterday’s market performance notwithstanding, last week was another poor week for the market with effectively every sector in the market now negative for the year and only industrials/prop/service being positive for the year. Are things going to get better anytime soon? Well we’ve been writing the same thoughts for nearly 1.5 years, the market isn’t […]
Read More →BMCL BMCL expects 2016 to be a turnaround year after EXAT approved the merger with BECL, which will support growth. The company is going ahead with the Purple Line (Taopoon-Bangsue) (Thun Hoon, 24/07/15) Comment: The story for BMCL is its merger with BECL. BTS BTS is in talks with U for a joint real estate […]
Read More →Thailand PDMO to restructure the country’s debt – The Public Debt Management Office (PDMO) is planning to restructure the country’s debt after the BoT cut the policy rate to 1.5%. The plan is to convert ST loans made by the finance ministry to longer-term loans. (Daily News, 20/7/15) Fast-track budgets urged – The government has […]
Read More →ACD ACD targets 2015 revenue of Bt800mn with net profit backed by higher property transfers. It is talking to a prospective partner in China to invest in property development at tourist attractions in Thailand. (Khao Hoon, 23/07/15) AOT AOT expects bidding for Suvarnabhumi phase 2 be in February 2016. Total bids are valued at Bt43bn. […]
Read More →Last Friday, TUF announced it would issue 795m new shares for a US$400m capital increase to partly fund its acquisition of Bumble Bee (enterprise value of US$1,510m). The capital raising was to proceed through a preferential public offering to existing shareholders at a ratio of 6 existing shares for 1 new share at an offer price […]
Read More →BAY BAY revised down loan growth from 7-9% to 4-6% (excluding loans transferred from BTMU) in response to the slow economy. It reported 2Q15 earnings of Bt4.4bn (+25.9%YoY), 1H15 profit was Bt8.8bn. (Thun Hoon, 22/07/15) Comment: BAY is a special case within the financial sector with its new shareholder driving new loans from Japanese Corporates. […]
Read More →Our resident expert chartist has decided to contribute her thoughts on the recent market drop, she seems to think things may continue to decline…enjoy! I am digging for the possible downside of the SET index in this current decline. While this chart may look confusing to many, it is actually very simple. First, look at […]
Read More →AJD Japanese investors are interested in AJD shares, talking with FA to do a takeover.Management is confident 2015 earnings will double, backed by increasing set-top box sales and booking revenue from two subsidiaries. (Thun Hoon, 21/07/15) BSM BSM expects to list subsidiary within two years. It is talking to a prospective partner to broaden its […]
Read More →BJCHI BJCHI expects 2Q15 earnings to be better than 1Q15 benefitting from FX gain. It expects 2H15 earnings to increase aided by backlog from Petrobras, worth Bt1.3bn and new projects from TUPI BV, valued at Bt5.4bn. It expects 2H15 net profit of Bt800mn. (ASTV, 20/07/15) Comment: We do wonder aloud, weakening thb, which other export […]
Read More →The worst performing sector this year has been the financials followed by consumer products. Now the question is should, should the economy turnaround next year or in the next few years, and should NPL’s and provisions not be as severe as some may imagine, would they be a decent buy @ the levels?
Read More →