ThaiCapitalist research
CPN CPN to raise funds for new development — CPN plans to raise an additional Bt10-12bn this year to finance its ambitious investment plans including developing a prime location at the busy intersection of Rama IV and Sathorn roads. CPN will issue new units of its CPN Retail Growth Leasehold Property Fund (CPNRF) in a […]
Read More →BTS BTS lays tracks for infrastructure IPO — BTS wants to bid for three mass transit rail projects worth a combined Bt100bn, of which Bt30bn will be allocated from the imminent launch of its infrastructure fund, from which it expects to raise more than Bt60bn. Chairman Keeree Kanjanapas said the BTS, the first company to […]
Read More →Last week, the Thai market continued its spectacular start to the year and globally continued strong data out of the US, Japan continuing its aim to expand its own balance sheet further and Europe looking brighter with another Spanish bond auction  selling with the lowest yields seen since 2010. But we still keep banging our […]
Read More →Notable Transactions Buy(s) BGH – Rehash of what I’ve stated for a while, buying will continue by management PS – This is a surprise Sell(s) KK – No surprise here, CEO continues to take profit NWR – Gah this stock price run pi$$ed us off as we exited earlier when we thought the fairly was […]
Read More →BANPU Banpu seeks power profits — BANPU plans to increase its investment in the power sector in a bid to lower risks stemming from volatile coal prices. CEO Chanin Vongkusolkit said the company expects to lift its profit from the power business to 30-40% from almost 20% lat year. (Bangkok Post, 16/03/13) Comments: Not unless […]
Read More →Positive(s) Thailand Fitch boosts credit rating – Ratings agency Fitch Ratings yesterday announced a one-notch upgrade in Thailand’s credit rating, supported by declining policy risk, stable finances and low public debt. The upgrade raises the country’s long-term foreign currency rating to BBB+ from BBB, with a stable outlook. The short-term foreign currency rating was also […]
Read More →CENTEL May be setting up REIT — CENTEL announced that it is in the process of studying to set up a property fund under REIT and is negotiating with domestic banks and foreign banks. It expects record breaking revenues in 1Q13, as revenue in the first two months for hotel and food and beverages has […]
Read More →BEAUTY Targets 20% YoY growth this year — BEAUTY targets revenues this year to exceed Bt1bn, growing no less than 20% YoY. It plans to invest Bt300mn to expand the number of branches at home and abroad and also open a new brand in 3Q13. (Khao Hoon, 14/03/13) Comment: Saw this company at SET’s Opportunity […]
Read More →HEMRAJ Targets sale of 1,600 rai this year — HEMRAJ has set a target for land sales of 1,600 rai this year, with double-digit revenue growth from 2012 revenue of Bt6.4bn. It also noted that it has no plans to set up an infrastructure fund in the next 1-2 years due to insufficient assets for […]
Read More →Notable Transactions Buy(s) BGH – No surprise here, I’d still expect to see continuous buying by management/directors Sell(s) KK –  CEO sells off a huge stake @ THB 55 mn, relative to the other fin co’s KK is trading “cheaply” NWR – Used to have this stock, but since exited, all these construction companies have […]
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