Market research on Thai Stocks in the SET Index
Crisis deals B50bn hit to tourism : The coronavirus crisis is likely to cost Thailand at least 50 billion baht in lost tourism income associated with China’s blanket ban on tourists leaving its affected cities, according to the Tourism Council of Thailand. Bangkok Post Govt ‘in full control’ of outbreak : PM moves to allay […]
Read More →Arbitration Court orders ADVANC to pay Bt31b plus 1.25% interest to TOT on dispute over amended prepaid revenue sharing contract. ADVANC said it has strong financial to deal with this, yet will fight the case in admin court. Comment: This was a surprise to the market but it was well noted in the financial statements […]
Read More →AAV expects to lose 300,000 Chinese passengers during 1Q20, as flights to China make up 30% of its total rev, to ramp up India and Japan routes. Comment: Well given the Thai government’s response to the virus I doubt that the international travelers from India and Japan are going to make up for the short […]
Read More →BAM may report Bt12b FY19 prft, +122% yoy and pay Bt1.3 dividend or 5% yield, and thrive in weak econ, Tabloid. Comment: If you think this should be trading similar to JMT then its worth 2x. But do realise that BAM’s business model is different. D’s appointed by Carl Zeiss Meditec AG to be sole […]
Read More →AMATA signs consortium with Dept of Urban and Housing and Development (DUHD) to develop smart city in Yangon Myanmar, AMATA will hold 80% of the projects. Comment: The share price has finally come off (with the market) but I still wonder where are these land sales? BBL no cash call plans for Permata acquisition, seeks […]
Read More →Notable Transactions Buy(s) THB 173 mn ACE – Well the news is that the father/husband of this group, is a police man (well known) and has lost his key position in the police force. Of course the company announced that there is no impact on the business, and the key shareholders have bought back a […]
Read More →AGE sets Bt8b revenue target this year, 3.6m tons of coal sales, aggressive in logistic business expansion. BBL launched QR code worldwide digital payment services via mobile app, BBL BeWallet. Comment: Now that’s something! CI to bk Bt210m from disposal of 15.74% (15.74m shares) of BKKCP to 4 private investors in 1Q20; will hold 17.55% […]
Read More →AOT said coronavirus had no impact on arrival January to date as seen in 2% growth, confident of 5% growth this year, have plans to handle the outbreak. Comment: The drop will be seen in the coming weeks/months should this continue. DTC acquires F&B catering services business in Vietnam, The Caterers, for US$3.9m (Bt117m). Comment: […]
Read More →So the news is out. Let’s just go straight to the hotel stocks. Thoughts: This too shall pass. It’ll probably end up being another good trade/buying opportunity. Difference is that the base of tourism numbers is higher compared to 2015 If the epidemic worsens…losing money on a hotel stock will be the last of your […]
Read More →So The BOT has relaxed its rules on the property sector for the Loan to Value (LTV). Now the details are as follows: Effective date 20th Jan 2020 First home/contract units < THB 10 mn – 100% + 10% of top-up loans Second home/contract – 10% (previously 20%) downpayment for those that have a first […]
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