ThaiCapitalist research
IRCP IRCP expects both revenue and net profit growth of 30% YoY. It continues to bid for jobs related to digital TV network. It recently received work from CAT and Thai PBS worth Bt100mn, bringing backlog to Bt600mn. It is negotiating with a partner to get into the set-top box business. (Tun Hoon, 04/02/14) IVL […]
Read More →HTECH HTECH not impacted by political situation, though clients changed production base after they had done marketing in other countries. It is preparing to present its business plan to its board of directors in Feb. It expects revenue growth of 10% YoY in 2014. (Khao Hoon, 3/2/14) IRPC IRPC expects a turnaround in its 2013 […]
Read More →Notable Transactions Buy(s) THB 7.3 mn N/A Sell(s) THB 1.36 bn SGP – A massive block sale of 90 mn shares worth THB 1.36 bn by the Vice Chairman
Read More →The rebound in banks that had kept the market afloat disappeared towards the end of last week and volume has been anameic for the market, with only some THB 20 bn traded (during 2Q13 daily volumes were hitting THB 80bn on some days). Elections have come and gone, the farce that they were, and the market […]
Read More →Byron Wein’s latest commentary is out and he’s advised to be prepared for a volatile here, here he reviews his 2013 surprises, his thoughts on emerging markets, the US economy, Japan’s “third arrow”, interest rates and so forth. See below for a snippet and a direct link to the article. In the second Surprise I thought […]
Read More →Thailand Ministry starts loan auctions, Legitimacy of decision in doubt – The Public Debt Management Office (PDMO) will kick-start the bridging-loan auction today in hopes of mobilizing funds to repay rice farmers by the end of this month. (Bangkok Post, 29/01/14) FTI: Manufacturing contribution to GDP to drop by 1% in 1Q14 — The Thai […]
Read More →BSM BSM is preparing to launch two new products during March-April supporting 2014 revenue of Bt700mn, +30% YoY. It said revenue in 2013 beat its target of Bt500mn. It will focus on the healthcare market. (Khao Hoon, 31/1/14) Comment: New products will not have much influence on its performance if the demand in the construction […]
Read More →AGE Subsidiary investing in two power plants —AGE is having subsidiary AGE Power Holdinginvest in two power plants. The first is in Sukhothai with 3 MW. The other is in Phichit with9.9MW. It expects coal sales grow to 4 million tons. (Khao Hoon, 30/1/14) Comment: Now the forecast has increased to 4mil tonnes from 3mil […]
Read More →There have been several articles going around that Emerging markets are in the beginning stages of 1997 Asian Financial Crisis part deux and how Thailand is going to yet again be affected. We’ve gone through each data point thrown our way but in the end we disagree for Thailand. Quite simply: I don’t see high […]
Read More →AGE AGE to invest in a 9MW biomass power plant, a new line for its business. It is confident the biomass plant will bring in revenues of no less than Bt200mn per year. Coal sales for 2014 are to exceed 3mn tons this year, driven by strong demand from clients abroad. (Khao Hoon, 29/01/14) Comment: […]
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