Market research on Thai Stocks in the SET Index
So yesterday the government came out with the following stimulus measures. 1) daily minimum wage hike for 69 provinces (out of 77 provinces), by THB5-10 or less than 3% hike, effective from 1 Jan 2017. This is the first hike since 2013, when min wage was upped to THB300 across the country. Only 8 exceptional […]
Read More →BJCHI BJCHI expects a fall in revenue in 2016 as well as profit due to global economic factors and high competition. It has backlog of Bt2.2bn, of which it will book Bt600-800mn this year. It continues to bid for a new jobs worth Bt8.5bn to support 2017 earnings. (Kao Hoon, 22/11/16) Comment: Thus the management’s […]
Read More →ALLA ALLA has backlog of Bt324mn which will continue to book since 4Q16. It is ready to get a new job and expects earnings to be outstanding next year supported by overall investment is recovery. (Kao Hoon, 21/11/16) BSM BSM got a Bt100mn job to produce doors and windows in Papua New Guinea. It plans […]
Read More →Notable Transactions Buy(s) THB 163 mn TT – This company seems to be a “holding company” or an “investment company” with stakes in some 4 subs that they may be listing. Why else would the owner bother buying shares? Sell(s) THB 7.7 bn BEAUTY – The huge block sale to institutions MCS – That’s quite a […]
Read More →Amata Vn PCL (SET:AMATAV) Director and Chief Executive Officer, Mrs. Somhatai Panichewa discusses the company’s strategy and outlook in The Executive Talk (TET) by ShareInvestor.com. TET: Please explain the history and business of AMATAV. Amata in Thailand was established 40 years ago and 20 years later, we started to explore more opportunities for expansion into […]
Read More →AS AS expects 2016 revenue to remain at 2015 level. It expects profit in 2017 after restructuring its business and plans to write off retained loss of Bt1.03bn. (Kao Hoon, 18/11/16) Comment: Well I’m not entirely convinced their “new business model” is going to be successful. BGT BGT plans to open a branch in Vietnam […]
Read More →AKR AKR targets 2017 revenue growth of 40% to Bt2.3bn on the back of transfers. It plans to expand abroad. It expects projects in the Philippines and Indonesia to contribute revenue this year. It targets 10% growth in sales from ASEAN in 2016. (Thun Hoon, 17/11/16) ARROW ARROW targets 2017 revenue growth of 10-15% to […]
Read More →AJD AJD reported 3Q16 net profit of Bt104.17mn, which brought 9M16 earnings to Bt309.8mn on higher sales of its top up machines (AJ Term Sabuy), which it targets to reach 50,000 this year. (Kao Hoon, 16/11/16) Comment: These are the fellows apparently working closely with Alibaba, if you believe in it somehow working (I still […]
Read More →ACAP ACAP targets 2016 loans of Bt4bn after reaching Bt3.8bn in 10M16. It expects 2016 performance to turn around, after a 9M16 net profit of Bt94.26mn. It plans to approve property loans of Bt100-300mn. It plans to issue debentures to broaden its business base. (Thun Hoon, 15/11/16) AOT AOT is confident 2016 earnings will be […]
Read More →Effective at the close of 30 November 2016 these are the changes for Thailand MSCI GLOBAL STANDARD INDEXES: Â (+2) BJC, KCE // delete – none MSCI GLOBAL SMALL CAP INDEXES: (+4) COM7, MALEE, TKN, TFG // (-8) ASP, BJCHI, CBG, COL, CGD DNA, KCE, ROJNA
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