Market research on Thai Stocks in the SET Index
Transport Ministry said he has full authority to revise BEM’s concession extension before the expiry date in Feb 2020. CP Group led consortium, including ITD, CK, BEM, signed a Bt224b contract yesterday to build high-speed train route linking 3 major airports, which is expected to boost economic development and create >100K jobs. Comment: And this […]
Read More →So the government has come out with the another round of property stimulus measures, and here are the details: On October 22nd, 2019, the Cabinet approved a temporary reduction in transfer fee from 2% to 0.01% and mortgage registration fee from 1% to 0.01% to those home buyers of up to Bt3m/unit. It will last […]
Read More →ANAN’s a prime beneficiary of Govt’s prop stimulus, plans promo to liquidate Bt33b worth of stocks, Tabloid. Comment: Well not really, as several of their projects are above THB 3 mn IVL t/g recycling 750K tons of plastics by 2025, with Nakorn Prathom plant capable of recycling 1.65m of plastic bottles p.a. Comment: Some have […]
Read More →BANPU in jv with Dura Power to open Lithium Ion battery in China with 1 Gwh capacity. A debt default by PACE will likely dampen other prop developers’ ability to issue new debentures, warns a property industry source. Comment: Absolute bull$hit, AP, LH, PSH, ANAN can (and have) all easily issue debentures/bonds at rates below […]
Read More →A few months ago I had a discussion with the research department of a regional sell-side team and one of the junior’s on the team had put together a fantastic internal analysis on the high correlation between Google Trends and tourism visits to Thailand. Now I can’t put up their magic sauce here because its […]
Read More →PwC said changes in the way financial instruments are classified under the new Thai Accounting Standards (TAS32) may result in perpetual bonds being reclassified from Equity to Liabilities and thus could increase D/E ratio and potentially leading to a breach of debt covenants and ultimately prompting banks to call in all outstanding loans. PTTEP, IVL, […]
Read More →Notable Transactions Buy(s) THB 287 mn CGD – Family Trade CGH – A family trade PSTC – The Chairman continues to buy shares EIC- A director buy’s shares, could something positive happen in this odd name? Sell(s) THB 163 mn CGH – See above ALL – This director/family member is selling shares
Read More →AIT wins digital ticket pj from State Railway authority worth Bt920m. Comment: And IT co’s continue to win projects AOT to sell TOR for DMK airport duty-free concession Oct 24 – Nov 8, opens bid on Dec 11, drops CPN from auction on violation of TOR terms on dispute over Central Village pj. Comment: Well […]
Read More →CPN plans to open 3 new mixed-use projects over next 3-yrs at a cost of Bt13.9b, and renovate 12 other malls, keeps 12-13% rev growth t/g for this yr. EKH sees full yr rev growth exceed 8-10% t/g from strong patients traffic and higher capacity of IPD patients (+60 beds yoy), will cod child health […]
Read More →TET: Please explain the history of MM. MM has a very interesting background and the brands have gone through 3 different ownerships before settling with MM. I joined the organization in 2003 where Au Bon Pain was in the initial stages of expansion and Dunkin’ Donuts was a dying brand with the stores and the […]
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