ThaiCapitalist research
AOT Passengers down in January. AOT reports that January 13 saw a drop in passengers at Suvarnabhumi to 133,000 or 12.6% from January 12, with the average for January 1-12 at 152,000. On January 14, passengers declined 15% from the average to 129,000.(Post Today, 16/01/14) Comment: a 15% decline thankfully isn’t the end of the […]
Read More →BCH Unaffected — BCH says it has not suffered from the political situation, though protesters are located near its hospitals. Most foreign clients are residing in Thailand and thus not in the group of foreign cancellations. It aims revenue growth of more than 10% YoY. (Khao Hoon, 15/1/14) Comment: BCH may be unaffected, but its […]
Read More →BMCL BMCL aims at 2014 passenger growth of 10% YoY supported by new properties at Ratchada. The political situation does not impact operations but supports passenger growth because people avoid driving. (Khao Hoon, 14/1/14) EPCO EPCO to build a 23MW solar cell plant worth Bt194.40 in Japan. It targets total capacity to reach 100MW by […]
Read More →So a Bangkok shut down is now underway and there is ZERO traffic on the streets and even the BTS was easy to get on and off despite fears of it being overloaded. The EC has advised the government to delay the election to May 4, we’ll see if that happens and foreign investors have […]
Read More →AP TRIS has rated AP’s Bt1.5bn debenture at A- reflecting strong business position, many varieties of product line, and backlog which supports revenue in the future. (Khao Hoon, 13/1/14) Comment: Had a good discussion with friends about AP, they seem to be limited on the management side to constantly expand their business and thus the […]
Read More →Notable transactions Very quiet week in terms of transactions by owners/directors Buy(s) THB 29mn n/a Sell(s) THB 53.5mn IFEC – Most likely a continuation of the block sale
Read More →I think a lot of market participants were surprised by the sudden drop of CPALL on Friday’s trading (it finished down 3% for the day), first thinking it was market related only for the counter to remain under pressure for most of the day. So what happened? CPF Announced its wholly-owned subsidiary, C.P. Foods Holdings […]
Read More →Saw this on twitter via WSJ the other day. Despite Thailand trading @ cheaper valuations on a relative basis vs the Philippines and Indonesia, political troubles have pushed the market further down, thus while there has been a fund outflow out of SE Asia, Thailand has been hit far worse b/c of politics.
Read More →Thailand Public hearings on water-management scheme necessary: judge – A judge at the Supreme Administrative Court recommended yesterday that the court should order complete public hearings for all of the project modules under the Bt350bn water-management master plan, but added that it should refrain from scrapping the scheme, or ordering a public referendum to decide […]
Read More →CPF CPF buys Belgian food processor – SET-listed Charoen Pokphand Foods Plc plans to acquire a food operation in Belgium as part of its attempt to expand food investment abroad. Through its 99.99% owned holding firm CPF Europe SA, the company will next month pay Bt408mn for 80% of Tops Foods NV. The Belgian maker […]
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