ThaiCapitalist research
With all 2Q14 earnings due by the 15th August for listed companies in Thailand, opportunity days, hosted by the SET/MAI, are starting on the beginning of August. I’ve always found that these are the best times to see companies that are normally not covered by brokers/analysts and to hear what the CEO’s have to say […]
Read More →AAV TAA trims growth targets — Thai AirAsia (TAA) has scaled down its expansion this year, cutting targets for fleet growth and passenger volume to reflect sluggish demand triggered by the political unrest in much of the first half. The country’s largest low-cost carrier will take delivery of five Airbus 320 jets instead of eight […]
Read More →Thai Banks don’t have the necessary balance sheet to compete with China’s, but given that Thai companies are already involved in Myanmar, they need financing, and it would be silly if Thailand’s bank can’t capitalise on at least following their customers overseas. Now should they be able to get licenses in Myanmar by the end […]
Read More →There’s a lot happening this week, we have constant releases of 2Q14 earnings, economic data coming out for Thailand, specifically export #’s and tomorrow the NCPO is tabling the the infrastructure plan. Fun times ahead, oh and have a look @ the MAI Index, EA has been driving it this year with the index up […]
Read More →Notable Transactions Buy(s) THB 19.4 mn N/a Sell(s) THB 57mn PS – Â A director sells off some THB 28.4 mn, with the stock price up nearly 100% this year, I’d say well done.
Read More →BTS BTS confirms a joint ticketing system cost of Bt399mn. Thailand Transport Portal will negotiate to increase quality instead. It expects no problem after it explains the structure to the group protesting. (Kao Hoon, 28/07/14) CHOW CHOW sees bright outlook for 3Q14 as steel price continues to recover, supported by more demand. Its power plant […]
Read More →Here are my thoughts on the above names: Asian Insulators (AI): The recovery in their earnings over the past 3 years have been outstanding, +300% in 2012, +36% last year and 1Q14 was already up +30%. Chularat Hospital (CHG): Potential takeover target for BGH and still a decent performer in the hospital sector Dcon Products […]
Read More →Thailand Don’t delay reforms, says Moody’s – Deep political polarisation since 2006 is adding to structural challenges to Thailand’s competitiveness, and reform delays could eventually lower the sovereign credit profile, which has largely remained immune to the country’s political disturbances, warns Moody’s Investors Service. (Bangkok Post, 25/07/14) Household debt surges 16% in June, survey finds […]
Read More →CENTEL CENTEL maintain revenue target this year of Bt19bn, growth of 8-9% from last year. It is confident that occupancy rates in the second half will be better due to seasonality. It also expects to sign management contracts for 4-5 more hotels this year and invest Bt600mn to develop a hotel in Samui and Pattaya. […]
Read More →BJCHI BJCHI waiting for bid results for work in Brazil and Australia worth Bt5.5bn. It is confident that it will receive the new work and that revenue this year will hit Bt4.5bn, supported by backlog of Bt4.4bn with Bt3.8bn to be booked this year. It said it will post Bt1.3bn in revenue in 3Q14. (Kao […]
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