Market research on Thai Stocks in the SET Index
ANAN ANAN budgets Bt3bn to purchase land to support business expansion. The company targets revenue of Bt12-15bn with presales of Bt22.5-23.5bn in 2015. (Kao Hoon, 11/12/14) Comment: The upside for me in ANAN is on operational leverage i.e. fixed costs should be stable, thus with revenue growth of 20-30%, i wouldn’t be surprised to see […]
Read More →AH 10% growth next year – AH has set the revenue growth at 10% next year, supported by the turnaround in auto industry. (Kao Hoon, 9/12/14) Comment: AH is an odd automotive company because of its businesses in the retailing side in M’asia, thus its hard to classify it as a pure automanufacturer. AOT Core […]
Read More →AIT 10% growth next year – The company expects 2015 revenue to reach Bt6.2bn and will grow 10% next year. (Kao Hoon, 8/12/14) Comment: This company just continues to grow and grow each and every year. BBL BBL sees greater prospects offshore – Although Thailand’s largest bank, Bangkok Bank (BBL), already has the greatest footprint […]
Read More →Notable Transactions Buy(s) THB 213 mn BA – The family believes that the decline in shares since its IPO is overblown – I think not. MC – The founder continues to accumulate shares, what I haven’t liked about MC is that SSSG has been negative since IPO, all the growth comes from store expansion, can […]
Read More →CHO CHO confident revenue this year will grow no less than 50% due to strong flow in orders. It said that it plans to expand aggressively in overseas markets further through its catering hi-loaders truck business for airlines in markets abroad. The management confirms the exercise date for CHO-W1 is Dec 30, 2014. (Thun Hoon, […]
Read More →AMATA AMATA expects to sell 500 more rai at the end of this year, raising total land sales for the year to reach its target of 1,000 rai. It said it has more than 2,800 rai in land ready for sale that is simply waiting for EIA approval. Next year, it will invest more than […]
Read More →AJD SP still not lifted— The SET is keeping AJD tagged SP, saying it was not satisfied with AJD’s explanation about the capital increase via PP. (Kao Hoon, 2/12/14) Comment: PP’s have been one of the ways speculators use to gain additional shares in a company to “control” the stock price, it is a positive […]
Read More →AOT AOT reports FY2014 profit of Bt12.2bn, 25% lower than last year, as a result of 88% lower hedging profit. (Kao Hoon, 1/12/14) BCP Offering to buy BCP shares from PTT — BCP’s management and employees will make an offer to buy 27% of BCP shares from PTT worth Bt12bn. (Kao Hoon, 1/12/14) Comment: Now […]
Read More →Notable Transactions Buy(s) THB 325 mn EARTH – The owner buys a significant stake in the co JAS – On the news that their IFF is about to finally go through, a Director buys THB 86 mn worth of shares NMG – The owner puts more $ into the company, THB 127 mn, will digital […]
Read More →ANAN ANAN ups 2014 revenue target to Bt10bn from Bt9bn upon booking a large amount of revenue from backlog. The company will obtain new projects worth Bt29bn in 2015, which is expected to generate revenue until 2017, adding to current backlog of Bt27bn. (Thun Hoon, 28/11/14) Comment: And this is the reason why I like […]
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