ThaiCapitalist research
AIE 2014 revenue target at Bt5.5bn. It says that if it has a profit this year, it is ready to pay out dividends. Although the company was affected by the shortage of palm in the first quarter, it expects to see growth driven by better cost control and inventory on hand. (Khao Hoon, 11/03/14) BCP […]
Read More →Well isn’t this funny, financials and prop-con’s are the best performers this year. I think many an Investment Committee would be quite surprised by this. This week we have the MPC meeting and several strategists are expecting a rate cut, which in recent history has led to a market decline, we think otherwise because inflation […]
Read More →Notable Transactions Buy(s) THB 157 mn NKI – The family buys THB 47 mn, this along with BKI shares being bought by its owner, is the insurance industry picking up? SIRI – The COO buys nearly THB 60 mn, is the SIRI trade back? Sell(s) THB 126 mn ITD – Owners selling another THB 67 […]
Read More →AGE AGE selects Apisit Rujikiatkumjorn as vice president and he will hold 10mn shares. It is confident that he will support business growth. AGE will pay a stock dividend at the ratio of one new share for 10 existing shares and says it expects to double revenues in 1Q14 YoY, backed by higher orders. (Khao […]
Read More →Thailand BoT warns of slump in GDP growth – Gross domestic product (GDP) growth could come in below last year’s 2.9% if the political stalemate persists throughout the year, says a senior Bank of Thailand official. (Bangkok Post, 01/03/14) BAAC plans to issue its own bond in order to finance rice payment, but is uncertain […]
Read More →Well I’ve been trained and raised in the equity asset space only and I’ve always laughed @ the point of asset allocation, however I do look @ these annual returns per asset class every quarter just to remind myself of whats going on in the rest of the investing world and to realise that things […]
Read More →AP AP taps Japanese know-how, designs – Mitsubishi Estate Group (MEC), Japan’s biggest property developer, is looking to expand its property investment in Thailand after injecting Bt2.5bn this year through three joint venture condo projects with SET-listed developer AP. MEA signed the joint venture deal with AP in December, starting with three new condo projects […]
Read More →Ok slightly sensationalist headline, because Japanese firms are still heavily investing in here however at a slower growth rate and we’ve commented here before that Japanese automanufacturers are looking more closely towards Indonesia for the following reasons: The perception that Indonesia is now politically less risky and cheaper than some neighbors is adding to the […]
Read More →Notable Transactions Buy(s) THB 127 mn CM – This is an odd purchase as we mentioned earlier only b/c the company doesn’t appear to be doing anything interesting RS – Are the two main shareholders fighting each other to accumulate more shares? Sell(s) THB 326 mn ITD – Nearly THB 300 mn sold by the […]
Read More →AOT AOT says political unrest is pressuring operations. Passengers in Suvarnabhumi fell 9% but passengers at provincial airports increased supporting it operation. Foreign funds request its business plan to decide whether continue to invest or divest. (Khao Hoon, 05/03/14) Comment: So as we’ve commented in the past, Bangkok is hurt yes, but the rest of […]
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