BTS ridership still going going going
Even though on a YoY basis its down -0.3% (March ’13 had a massive spike), the trend is undeniable, and within the next year they’ll continue to extend the line further. Source: BTS
Read More →Category: Research
ThaiCapitalist research
BoI investment applications healthy in Q1
The facts: Applications were valued @ THB 234 bn down 10% YoY w/ project numbers of 291 down 48% YoY Led by auto’s, petrochem and power plants Foreign projects rose YoY 28% Main investors were Japan, US, China and S. Korea So what? Growth in the SME area is suffering, that goes without saying, but […]
Read More →Stock in the news (aav, demco, m, sccc, super, wha, gunkul) 23.04.14
AAV Thai AirAsia X to take to the skies in June – Thai AirAsia X, Thailand’s first long-haul low-cost airline, will take to the skies about two months from now despite the tourism market being dragged down by the country’s political turmoil. After putting off the launch previously planned for the first quarter, Thai AirAsia […]
Read More →Stocks in the news (bec, ichi, jas, kbs, ktb, ktc, sena, thai) 22.04.14
BEC CH3’s analog channel still the main stay – BEC World, the broadcaster of Channel 3, yesterday announced it would operate its existing analog TV channels and three new digital channels at the same time. (Bangkok Post, 22/04/14) ICHI Climbs high on first day — On its first day of trading, ICHI share price increased […]
Read More →Stocks in the news (bland, cho, demco, ichi, solar, tipco) 21.04.14
BLAND BLAND will book extra profit of Bt3.8bn in two quarters after expiration of the court case allowed it to reverse provisions. This will push 1Q14 net profit up YoY. Dividend per share is expected at Bt0.03-0.04. (Khao Hoon, 21/04/14) Comment: This + its REIT has both already been priced into the stock price CHO […]
Read More →Sector Update 14/04 – 18/04
With Songkran Holidays now properly over as traffic has fully returned to Bangkok business has finally resumed again. What’s happening this week? Well Banks earnings are out, the big ones have cut costs (i.e. marketing down, bonuses + benefits down) to such a level that profit growth could still be seen on a YoY basis, […]
Read More →Management Trades 14/04 – 18/04
Notable Transactions Buy(s) THB 2.1 mn N/a Sell(s) THB 5.1 mn N/a
Read More →No free float + takeover = Crazy times
What happens when a takeover happens and all the free float disappears? Here are two recent examples: MAKRO – Takeover by CPALL and free float drops to single digits and for a short amount of time the stock price still shoots 30-40% above the takeover price, why? I have no idea! RASA – The latest one, […]
Read More →Foreign investment continues to return
We had argued in the 4Q13 that foreign investment in Thailand had essentially bottomed out. Over a 12 month period foreign investors had sold over THB 200 bn worth of thai shares but in the past few weeks they’ve bought back some THB 15 bn (hence the continued strength in banks and telco’s) Image Source: […]
Read More →What happened this week 14/04 – 18/04
Thailand Revenue falling short — The Ministry of Finance reports that revenue in the first six months of the tax year (Oct 13- Mar 14), tax revenue for the government was Bt964bn, missing the government target of Bt1.024tn. (Kao Sod, 16/04/14) Caution over household debt — Banks say household debt levels are worrisome, with forecasters […]
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