ThaiCapitalist research
Notable Transactions Buy(s): THB 907 mn GFM – Interesting transaction with nearly THB 400 mn bought by key management IFEC – A swap in shares between the CEO & the Chairman by the looks of this. Now IFEC…if you build out a financial model based upon every dream they say they will achieve today, then […]
Read More →BMCL expansion to bring economy of scale and profit Bangkok Metro Plc (BMCL), operator of the capital’s underground mass-transit system, listed on the Stock Exchange of Thailand in September 2006. Sombat Kitjalaksana, managing director, discusses the company’s strategy and outlook. What is BMCL’s business model? BMCL is the first metro operator in Thailand and we […]
Read More →Thailand The private sector expects the economy to post an upturn next year and plans to ramp up investment and business acquisition ahead. The private sector also supports the state’s idea of a VAT increase as it believe the this will help increase competition and push Thai businesses to expand abroad. (Bangkokbiznews, 21/11/14) Prime Minister […]
Read More →AMATA AMATA expects to set up REIT worth Bt4.5bn in 1Q15 and will list AMATAV on the stock market in 2Q14. The company plans to invest Bt3-4bn in Vietnam and Myanmar in 2015 and expects to sell 500 rai in 4Q14, giving total land sales of 1,000 rai in 2014. (Kao Hoon, 21/11/14) Comment: A […]
Read More →AI Management expects revenue of Bt9bn in 2015 from Bt5bn in 2014 and will invest Bt200mn to increase palm oil production capacity and set up solar power plant with 2.6MW capacity supporting sharp revenue and earnings growth. (Thun Hoon, 20/11/14) Comment: Another firm that will have a small solar power plant – 2.6 MW means […]
Read More →ADVANC AIS plans Bt60bn digital drive – Advanced Info Service Plc (AIS) has set aside at least Bt60bn for the first stage of fourth-generation (4G) wireless and fixed-line broadband project developments next year in a quest to capitalise on emerging digital lifestyle trends. (Bangkok Post, 19/11/14) AJD AJD targets 5mn digital TV set-top boxes for […]
Read More →GMO’s latest quarterly letter is out and as usual it is a must read with several points covering the markets, valuations, asset classes and outlook. Here’s a small tidbit below and a link to the letter. My personal fond hope and expectation is still for a market that runs deep into bubble territory (which starts, […]
Read More →AJD Management said the company can set up co-antenna in condominium to receive digital TV signals and expects this market to have a value of Bt1-1.5bn. The company will ask the NCPO to approve a new round of digital TV coupons. The company stands top in the set-top box market. (Thun Hoon, 18/11/14) Comment: I […]
Read More →The continued decrease in Thai exports doesn’t come as surprise for the following reasons: Soft commodity prices have declined (remember rice and rubber?) As a result of the 2011 floods, several manufacturers took their insurance payouts and shut down business Thailand’s major electronics export was Hard Disk Drives – Well we’re all one smart phones/tables/computer […]
Read More →CHOW CHOW says it is in the middle of talks with a new partner to expand into alternative energy business. Its solar farm in Japan has started operations and it expects to start booking revenue in 4Q14. (Thun Hoon, 17/11/14) CK CK reported 3Q14 net profit of Bt1.2bn after booking gains from sale of BMCL […]
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