Market research on Thai Stocks in the SET Index
BA BA starts trading today. It is expected to close at above Bt25/share. Management expects 2015 revenue growth of 18% YoY supported by initiation of AEC. The company aims to find three new partners. (Kao Hoon, 3/11/14) Comment: I think its going to go the way of NOK i.e. shitty first day, and it will […]
Read More →Notable Transactions Buy(s) BBL – A clever buy, BBL’s stock price had a short term issue with the NVDR quotient being filled up, this has now been rectified hence the stock price recovery TICON – I’m half guessing that this is just a switch between custodians – but i’m not too sure Sell(s) IEC – […]
Read More →It was in the news yesterday that PTT will most likely list their Retail arm, so here are the facts: As of 2013 they operated 1,382 stations They are looking to raise upwards of USD 2 bn The size of the IPO could beat BTS’s infrastructure fund, BTSGIF which was as USD 2.1 bn – […]
Read More →BCP Bangchak earmarks B7bn for refinery rejig – BCP plans to spend Bt7bn to improve its oil refinery in its bid to gain a higher refinery margin. Executive vice-president Phichet Emwattana said the spending would start next year and run until 2018. (Bangkok Post, 31/10/14) CPF CPF maintains revenue growth of 10% YoY to reach […]
Read More →CK Ch. Karnchang maintains revenue target – Ch. Karnchang Plc (CK), Thailand’s second-largest construction firm, expects to maintain its revenue target of Bt30bn this year despite delays facing the government’s megaprojects. Its current backlog of more than Bt100bn will help it meet the target, said senior executive vice-president Prasert Marittanaporn.(Bangkok Post, 30/10/14) DELTA DELTA expects […]
Read More →AOT Board gives nod to Phase 2 first-stage expansion plan — The board of the Airports of Thailand (AoT) has approved the plan for the first stage of the Phase 2 expansion of Suvarnabhumi airport that is estimated to cost a total of Bt66bn. The first stage of the expansion consists of three construction projects. […]
Read More →What happened? Yesterday both the shares of WHA and HEMRAJ were suspended/halted from trading by the SEC on the news that an M&S may potentially take place with WHA’s CEO saying it would be with a company of a THB 50 bn market cap. So why no deal? Both shares resumed trading today with both […]
Read More →BCP BCP says EBITDA this year will hit Bt10bn supported by revenue from its solar farm and investment in Nido Petroleum. It will go on a roadshow with the SET in the US. (Kao Hoon, 28/10/14) Comment: I’ve never liked their E&P expansion and with the refcent 20% decline in oil prices I do wonder […]
Read More →AAV Thai AirAsia X eyes broad expansion – An aggressive expansion appears on the horizon for Thai AirAsia X (TAAX) with the addition of five wide-body jets and expanded coverage over Japan next year. On the radar screen for Thailand’s first long-haul low-cost carrier are services to four Japanese airports – Haneda (Tokyo), Nagoya, Fukuoka […]
Read More →Notable Transactions Buy(s) THB 214 mn IEC – The Chairman buys a decently sized stake, as of Friday he’s already made 100% PJW – Looks like a switching in shareholding between family members *TPIPL – Interesting to note that K. Prachai are family are still buying shares in TPIPL Sell(s) THB 149 mn PJW – […]
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