ThaiCapitalist research
‎Several companies (in fact all!) have been releasing their earnings over the past week, one that caught my eye was HomePro (HMPRO) for a few reasons: Same store sales still grew @ 6.5% in 2Q14 and +5.3% for 2H14 They will continue to expand throughout Thailand & Malaysia An upcoming dividend & potential REIT To […]
Read More →Thailand MPC holds key rate at 2% amid subdued export, tourism growth – The Bank of Thailand is generally upbeat about the country’s economic-recovery prospects in the second half of the year, due to firmer domestic demand and fiscal policy. (The Nation, 07/08/14) MoF still expects growth of 2% — The Ministry of Finance remains confident that […]
Read More →AAV TAAX plots aggressive expansion – Thai AirAsia X (TAAX) is charting a lofty growth plan that it hopes will put the airline at the forefront of the medium- and long-haul low-cost segment it pioneered in Thailand. Ramping up its passenger volume to 1mn by 2016, expanding the fleet to include a newly unveiled version […]
Read More →CGS CGS cuts market share target for brokerage to 3% from 3.5% after the resignation of its marketing team. It is ready to become a holding company in October, and is interested in energy and telecommunication businesses. (Kao Hoon, 07/08/14) Comment: As is always the case, whenever a new brokerage firm pops up, brokers move around and […]
Read More →It’s always good to have a quick look @ the big mac index just to get a quick overview of where things stands for currencies, by the looks of this Thailand still seems to be undervalued Source: The Economist
Read More →Notable Transactions Note: All transactions highlighted are above THB 20 mn in value Buy(s) THB 2.2 bn MC – Basically a swap of shareholding between husband and wife CGD – They have the news of their massive property projects going ahead, plus a potential REIT in the future. PICNI – CP Group buying into Picni? […]
Read More →AAV Thai AirAsia’s load factor slides in Q2 — Thai AirAsia (TAA) carried 16% more passengers in the second quarter but the growth lagged behind its 23% rise in capacity. Thailand’s largest low-cost carrier recorded 2.8mn passengers between April and June when it had 3.6mn seats. TAA’s load factor was 78%, down from 82% in […]
Read More →ADVANC ADVANC plans to pay DPS of Bt6.04, XD 13 August, though its 1H14 net profit declined to Bt17,96bn due to higher depreciation and amortization. Its 3G clients increased to 34.4mn but the company reduced revenue growth target to 1-2% YoY in 2014. (Kao Hoon, 05/08/14) Comment: ADVANC has been an easy trade in the past 2 […]
Read More →So the market pulled back further, why? Reality set in with poor corporate earnings for the time being perhaps? Argentina’s debt default, don’t believe that is much of an issue, they are the world’s serial debt defaultor, and telco’s were hurt yet again (although mid-year divvy’s should support them). Going forward more corporate earnings, its […]
Read More →Notable Transactions Buy(s) THB 29 mn n/a Sell(s) THB 86 mn TGPRO – Even after two recapitalisations of equity TGPRO still can’t seem to be profitable, and now they MD sells THB 56 mn TPIPL – Â A director sells of THB 25 mn, the stock price has been doing well b/c the company has an […]
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