ThaiCapitalist research
If you want to understand why the Thai market is more volatile than the rest of the region, then here’s your answer, retail investors represent more than 50% of the daily value traded. In all honesty I do believe that this is a positive thing it provides more liquidity and lets face it, institutions aren’t […]
Read More →Earlier in the week, the International Civil Aviation Organisation (ICAO) came out saying that it had concerns about Thailand’s aviation industry, here are the facts & implications: Thai carriers could face a similar fate to that of Indonesia in 2007 when the European Union barred all 51 Indonesian airlines from landing on its runways, citing […]
Read More →CRANE CRANE says 1Q15 earnings will be better than last year after getting new projects. It targets 2015 revenue growth of more than 20%, with more acceleration of new government projects. It will focus more on foundation jobs to raise revenue. (Thun Hoon, 02/04/15) Comment: I’ve always liked this company, now the issue here is […]
Read More →AAV New Sapporo route affected – Thai AirAsia X chief executive Nadda Buranasiri said the airline’s Bangkok-Sapporo route would be affected by the JCAB’s ban. The airline will be able to offer service on this route for only two months, from May 1 to June 30. (Thun Hoon, 01/04/15) Comment: All of this news about […]
Read More →AGE AGE expects 1H15 to turn around on the effect of its cost controls. It has set its target coal sales volume at 3.45mt, which could boost revenue to Bt7bn. The company expects 1Q15 sales volume to be flat YoY. Its biomass power plant is scheduled to commence operations in late 2015. (Thun Hoon, 31/03/15) […]
Read More →The market finished last week negative for the year on the back of multiple issues 1) Weak exports 2) Oil prices still staying low 3) Earnings have basically been poor all around 4) Issues around 4G and 5) Foreigners are still selling. As we’ve seen thus far this week, local institutions have been big buyers […]
Read More →Notable Transactions Buy(s) THB 169 mn SYNTEC – Management continues to buy stake in this construction co, the stockprice is not a dreamers level based upon the infrastructure spending, but seems fairly valued based upon the current projects that it has on hand Sell(s) THB 187 mn BGH – The owner sells off a rather […]
Read More →Few things to note: Agriculture – No surprise here given how soft commodity prices are continually lower than they were 12 months. Electronics/Electrical Equipment – I doubt Thailand will see any double digit growth in this sector for the foreseeable future, since the floods in ’11 several electronics firms simply took their insurance checks and […]
Read More →Two points from this article caught my eye (see below) and my thoughts simply are: 1. If the Thailand, Indonesia and the Philippines are all embarking on this massive infrastructure spending, where will they get the resources from? Which construction co’s will benefit? By how much will land prices appreciate in those areas? 2. If […]
Read More →Thailand Thai economy unlikely to grow 4% this year as the export sector has been hit by the slowing global economy in the past 12 months, says Finance Minister Sommai Phasee. (IQ Biz, 27/03/15) The Commerce Ministry reported yesterday exports fell for a second consecutive month in February, down by 6.14% year on-year to $17.2 […]
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