ThaiCapitalist research
It isn’t a secret that Thailand hasn’t really invested in its own infrastructure since before the Asian Financial Crisis, granted we have had the creation of the skytrain, subway and airport, but these were all Bangkok-specific and not throughout the whole country. Investment made up about a fifth of total spending in fiscal years 2002 through […]
Read More →It’s that wonderful time of the year where the public can listen (or even stream online) to public companies present their business model, latest performance and so forth, there are some 100 companies this year, click the link below to see the whole schedule. https://www.set.or.th/set/oppdaybyperiod.do
Read More →ANAN ANAN JV Mitsui Fudosan will launch five property projects worth Bt19bn. It plans to introduce twelve projects worth Bt30bn this year. (Khao Hoon, 21/05/15) Comment: Should the property projects be successfully sold then it ANAN will have a solid 2018. BJCHI Backlog Bt7.5bn and expected to increase gradually. BJCHI is preparing to bid for […]
Read More →AMATA MD says AMATA is preparing to set up REITs. The REITs will pool 88 industrial plants in AMATA Nakorn Chonburi and AMATA City Rayong. (Khao Hoon, 20/05/15) Comment: The main reasons to have any shares in AMATA at this point are because of its REIT and Amata Vietnam listing. CHO CHO expects to win […]
Read More →AQ AQ reported 1Q15 earnings of Bt37.3mn (+378% YoY) from 1Q14’s Bt7.8mn. Management says performance will turn around this year. It will launch nine projects: single house, townhouse, and condominiums, with total value of over Bt8bn. It expects sales of Bt2.5bn. (Thun Hoon, 19/05/15) Comment: AQ’s stock price has already valued in all of its […]
Read More →It’s no surprise that 1Q15 numbers were weak, for the full year I have my doubts on Thailand being able to achieve the 3.4% prediction that comes out of the government, why? Exports are weak, Imports will pick up (should oil prices maintain these lvls), Consumption is weak (debt is too high), Government spending is […]
Read More →AIRA Board approves capital increase of 3.16bn shares to be offered at rights of 5 old shares to 2 new shares for Bt1/share plus AIRA-W1 and AIRA-W2. 1Q15 earnings showed a profit of Bt13mn compared to 1Q14 loss of Bt31mn. (Thun Hoon, 18/05/15) AOT AOT reported 2Q15 net profit of Bt4.8bn (+32.36% YoY) benefitting from […]
Read More →The market rebounded slightly last week but is still under pressure with earnings and expectations of government actions finally declining to reality. This morning Thai GDP numbers are to be released and we’ve heard that more Trigger Funds are going to be issued by asset managers which may buoy the market slightly for the next […]
Read More →Notable transactions Buy(s) THB 84mn JUBILE – The founder and CEO decided to buy a significant amount in the market. Sell(s) THB 0.5 mn n/a
Read More →The consistent winners: Construction materials, tourism & leisure, food & beverages and insurance all had decent YoY and QoQ Â growth rates The consistent losers: Construction services, personal products & pharma had rubbish YoY and QoQ growth rates. Anything interesting? Agricultural seems to be a cyclical funk, wondering out loud when will it rebound? Transportation & […]
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