Market research on Thai Stocks in the SET Index
AOT reports 60% completion of midfield satellite 1 under SIA development phase 2, target cod within November 20. ECF reports cod 50mw solar phase 1 in Minbu, Myanmar (Total 220mw) GULF secured Bt41b loan from 16 banks for 2,650MW powerplants in Rayong, CODed in 2023-4, reaffirms Bt33b revenue forecast this year and Bt36b next. Comment: […]
Read More →AOT target 7-8% revenue growth FY20, expects passenger arrival +5-6% yoy, seeks to boost revenue from cargo business and non-aero revenue to balance revenue mixed, expects to kick-off airport city projects next year. Comment: International passenger arrivals continue to rock and roll, its the domestic traveler #’s that are declining rapidly. The Government is focused […]
Read More →Notable Transactions Buy(s) THB 414 mn ACE – A director/family member buys a massive amount of shares ORI – Family member continues buying SNC – Ohhh the owner is back to buying shares! Sell(s) THB 16 mn N/A It appears that with 3Q19 earnings all released management are back to buying their shares.
Read More →AWC sets Bt55b 5-year capex for 13 projects, doubling number of rooms, signs management contract with Marriott International for 3 hotels in Pattaya and Phuket. Comment: Yay more hotels! Now how much of these projects will come from the parent to selling to the public co? BGRIM’s firm on Bt44b revenue this year, after booking […]
Read More →ALL: renovation of 11,500 sq.m. mall in Chonburi to completed by February, target cod in June 20, in talk JR Kyushu to jointly develop mixed use projects outer Bangkok, finalize plan 1H20. ANAN: anticipates 4Q turnaround from transfer of 4 condos projects, Bt 29.3b backlog to realize till FY22, target new launch 4 projects worth […]
Read More →KTB says to miss 5% loan growth target this year, after 3% growth 9M19, sets 3.2% growth target next year, to lower NPL from current Bt106b to below Bt100b. IRPC to complete 2 M&A deals next year, PP Compound Downstream and MARS. ERW cuts FY19 hotel revenue growth target to 3-5% yoy from 7-10% previous […]
Read More →BEM: State Railway board to decide fare cut plans for Purple & Blue line MRT on November 19, expects to cut monthly trips ticket fare and off peak fare cut (9am-3:30pm & weekend). Comment: I have wondered how will the SRT/Bangkok control the prices across the different operators… HMPRO admits going to miss 5% revenue […]
Read More →EPCO will book Bt500m extra gains from disposal of SPM shares to BGC in 4Q, 17mw pp to cod in December lifts total to 550mw by end of year, board to approve JV 700 mw Vietnam power projects (550mw wind & 150mw solar) on Thursday (Nov 14) Comment: EPCO trying to realise its value? Dodgy […]
Read More →Notable Transactions Buy(s) THB 11.7 mn N/A Sell(s) THB 44 mn MTC – Just after they were profiled in Bloomberg, there’s a sale by the founders family member
Read More →MTC sees record high 4Q on seasonal, reaffirms 25-30% loan port growth, <2% NPL, sets 20-30% revenue and profit growth target for next year. Comment: A friend in this industry has gently informed me that my thoughts of MTC and SAWAD are lying on their NPLs are incorrect. He informed me that the real default […]
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