ThaiCapitalist research
Thailand Thailand, Myanmar to twin provinces – Thailand and Myanmar will sign three memorandums of understanding (MoUs) to foster a closer relationship between their key bordering provinces when Prime Minister Prayut Chan-o-cha begins his official visit to the country’s western neighbour today. (Bangkok Post, 09/10/14) Drought fears overseas spur rice orders from Thailand – Alarmed […]
Read More →BBL BBL approves loan of Bt7bn to MILL for the acquisition of a steel business in Thailand. It also sold shares of TSI to MILL for Bt220mn. MILL’s board has approved a capital increase of Bt1.5bn to restructure its company and expand its businesses. (Kao Hoon, 10/10/14) Comment: It is very rare in Thailand for […]
Read More →With the (military) government rapidly selling the inventory that the Yingluck government had stored because of falling rice prices, international research agencies  expect for Thailand to resume its position as the #1 rice exporter globally by next year. Top global rice exporters (in thousand metric tons) 2013/14 2014/15 Thailand 9,000 10,041 India 10,000 8,388 Vietnam […]
Read More →You have to hand it to the management of BTS, they aren’t just sitting on their hands happily bathing in their THB 30 bn worth of cash post the BTSGIF. In the past few years they’ve bought VGI, IPO’ed VGI, IPO’ed BTSGIF, bought MACO and other co’s through VGI, commenced a share buy back of […]
Read More →According to Alcoa’s latest earnings report yesterday (8th Oct) things around the world still appear to be doing fine with the usual caveat for Europe. Source: Alcoa
Read More →CWT CWT expects 2014 revenue to reach Bt1bn. It is undertaking a study of the power business in hopes of starting a solar roof project with no less than 5-6MW in capacity. It expects this will help lower electricity costs for its factories and help increase revenue. (Kao Hoon, 09/10/14) Comment: I’ve been told by […]
Read More →AMATA, HEMRAJ/ SAT, STANLY, AHÂ Â Â Â Â Â Â Â Â BoI approves 18 new projects, total value Bt90bn. AMATA and HEMRAJ, SAT, STANLY and AH will all benefit, with the latter hoping to receive orders from Eco Car Phase 2 with five automakers so far having been approved. (Kao Hoon, 08/10/14) Comment: It isn’t necessarily true that the 3 automotive […]
Read More →AI AI expects good 3Q14 net profit of Bt21.85mn due to a higher margin for its porcelain insulator business and no stock loss from the biodiesel business. Management expects revenue of Bt6bn in 2014 and aims to expand overseas. It hopes to obtain power plant construction of Bt1bn. (Thun Hoon, 07/10/14) Comment: AI has been […]
Read More →EPG EPG is preparing to sell 700mn IPO shares and list on SET in late 2014. The company will use the funds from the IPO for business expansion. (Kao Hoon, 06/10/14) Comment: No idea about this company. But I suspect it will be the same story FPI FPI continues to expand margin and expects peak […]
Read More →Notable Transactions Buy(s) THB 2 bn AJP – The Chairman buys a whopping # of shares worth THB 665 mn DCC – I’ve had to double check this, but its true, DCC’s management/owners bought THB 1.16 bn worth of shares, most likely a swap with an institution SRICHA – THB 241 mn shares bought by […]
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