ThaiCapitalist research
BGH Issuing bonds — BGH will issue unspecified currency convertible bond worth no more than Bt10bn with a tenure of ~5 years. The company will use the cash to fund investments. (SET, 19/06/14) Comment: Why?! They are net cash, why would the company bother to do this, wouldn’t a normal bank loan be cheaper? Nuts […]
Read More →ITD/CK/STEC/UNIQ Bidding in e-auction for SRT work — The four lead contractors, ITD, CK, STEC and UNIQ, will move ahead to bid in the e-auction for the dual track railway line Chachoengsao-Klongsipgao after the SRT confirmed that the Tipakorn and China Harbor partnership is legal. The price is expected to be set June 23. (Khao […]
Read More →According to the local news (will post source later), the National Council for Peace and Order (NCPO) is ordering the NBTC to put the following 4 projects on hold. The auctions of 1800MHz and 900MHz spectrums in August and November Universal Service obligation (USO) project The plan to give away cash coupons to subsidise set top […]
Read More →With rice payments completed the next steps are fairly straightforward NPL’s will decrease – Yay for finco’s Motorcycle sales will increase – Yay for motorcycle manufacturers/suppliers/leasing co’s Sales of White Goods will increase – Yay for retailers/finco’s Agricultural machinery sales will increase – Yay for manufacturers/suppliers/leasing BAAC president Luck Wajananawat said the bank had distributed […]
Read More →With the market performing fantastically on a YTD basis and not to badly on a 12 month basis either versus the rest of the region. Now this article from Bloomberg explains quite clearly why market declines in the SET have recovered quickly, local institutions have cash, lots of it, not just the SSO but every Asset […]
Read More →AAV Thai AirAsia X: Maiden flight to Korea today. CEO says it has a load factor of 100% and 80% of them booked three months age. It will begin flights to Tokyo and Osaka early next month and is confident that the Thai political scene is not a problem. (Khao Hoon, 17/06/14) Comment: AAV – […]
Read More →Notable Transactions Buy(s) THB 280 mn RS – RS has the combination of the world cup this year and Digital TV being implemented. CPF – In recent history there has been negative news every  3 months with this co EVER – No idea what is going on with this property company A – Have a […]
Read More →Notable Transactions Buy(s) THB 370 mn BANPU – Again another purchase by BANPU’s management LH – Looks like they are selling the common stock and purchasing the warrant TYM – Another backdoor listing perhaps? Sell(s) THB 478 mn LH – See above MACO – Most likely linked to VGI NYT – NYT has a wonderful […]
Read More →CENTEL CENTEL expects flat performance in 2Q14 from 1Q14. Although this is its low season, it expects bookings to recover. Net margin for each business is expected to expand. It is confident that total revenue will reach target of Bt19bn. (Tun Hoon, 16/06/14) Comment: CENTEL still a 2nd rate version of MINT, its food business […]
Read More →Now we don’t have a curfew and traffic levels have picked up, bars and clubs look full again, life, as it appears continue to return to “normal” levels.
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