Management Trades 03/05 – 07/05
2 days of public holidays and 1Q21 earning’s season = limited buying/selling. Notable Transactions Buy(s) THB 0.7 mn N/a Sell(s) THB 106 mn KBANK – One of the board sells a chunk.
Read More →Category: Stocks
Market research on Thai Stocks in the SET Index
Stocks in the news (dmt, pttep, smt, stgt, tisco, zmico, xpg) 07.05.21
DMT: tollway operator, Don Muang tollway, debut IPO 140m shares at Bt16 apiece. Comment: Nothing sexy here, though perhaps they could make a story in the future about setting up an infrastructure fund with this asset. PTTEP: upbeat 2Q earnings from higher average gas sales volume above 416kbpd supported by Oman block 61 projects, targets […]
Read More →Stocks in the news (auct, ditto, dod, prm, ratch, scc, seafco, stark, synex) 06.05.21
AUCT: anticipates recovery traffic at auction yard 2Q onward as repossessed vehicles mounting on third wave of pandemic, expects wider margins this year from lower SG&A and online auctions, upside from partnership with leasing & distressed assets management partners (ECL & CHAYO). Comment: CHAYO is the interesting play here, they have access and now a […]
Read More →Stocks in the news (ivl, ori, tmb, wha) 05.05.21
IVL: expects big jump this year from recovery demand for PET on improving consumption, strong demand for technical fibers for PPE, med supplies and auto parts, stock gains boost earnings. Comment: Where’s the next M&A for this cookie munsterrrrrrrrrrrrrrrrrrrrr?! ORI: reaffirms solid turnaround 1Q from completion of 2 condos and transfer of ready to move […]
Read More →Management Trades 26/04 -30/04
Notable Transactions Buy(s) THB 5.7mn N/a Sell(s) THB 11.5 mn N/a
Read More →Stocks in the news (anan, bpp, cpf, ilink, ner, sprc, stec, tkn, twpc) 30.04.21
ANAN inked deal with local crypto broker (Bitkub), allowing property buyers to make purchase with crypto via Bitkup wallet. Comment: More positive for Bitkub than for ANAN BPP to start recognizing Bt220-250m p.a. revenue from its 13.4% stake in the Nakoso IGCC PP from 2Q21, on track to expand investment in the US, China, Japan […]
Read More →Stocks in the news (inet, irpc, pttep, scc, tks, tplas, tta) 29.04.21
INET sees FY21 revenue from cloud services +50% yoy from remote working, online platform expansion & paperless adoptions, will estimate Bt4.5b IFF (DCREIT) offering in 2Q. Comment: I still don’t understand why any private enterprise would bother with INET. IRPC upbeats FY21 earnings from wider chem spreads yoy, stock gains & improved sales vol supported […]
Read More →Random Thoughts: AirAsia Thailand Delisting & Relisting
God damn it! I was and remain of the viewpoint that AirAsia is going to rock and roll coming out of this period and I was looking forward to participating in an equity recap of AAV and ride the recovery trade in 2H21 and throughout 2022. But the clever folks there decided to keep the […]
Read More →Stocks in the news (asw, bay, mint, jkn, spali, tidlor, thai, thg, tu) 28.04.21
ASW, real estate developer, Assetwise, debuts IPO 206m shares at Bt9.82 apiece, ASP leads Comment: Does it make sense for the pop on a fundamental level? NO! But on a funnymental level, oh hell yeah. Small float, retail investors back and active. BAY’s adding more health insurance products on shelf, aiming to boost fees from […]
Read More →Stocks in the news (ace, uac, ah, bgrim, lpn, sawad, sflex, thai, umc) 27.04.21
ACE and UAC are to submit bids for 10 and 6 community PP permits today. Comment: ACE > UAC (police connections help) AH sees capacity utilization above 80% 1Q21, expects positive parts sales momentum carry thru 2H from improving auto market, eyes 10-15% revenue growth target. Comment: Then they are maxed out. BGRIM is in […]
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