Market research on Thai Stocks in the SET Index
Here are my thoughts on the above names: Asian Insulators (AI): The recovery in their earnings over the past 3 years have been outstanding, +300% in 2012, +36% last year and 1Q14 was already up +30%. Chularat Hospital (CHG): Potential takeover target for BGH and still a decent performer in the hospital sector Dcon Products […]
Read More →CENTEL CENTEL maintain revenue target this year of Bt19bn, growth of 8-9% from last year. It is confident that occupancy rates in the second half will be better due to seasonality. It also expects to sign management contracts for 4-5 more hotels this year and invest Bt600mn to develop a hotel in Samui and Pattaya. […]
Read More →BJCHI BJCHI waiting for bid results for work in Brazil and Australia worth Bt5.5bn. It is confident that it will receive the new work and that revenue this year will hit Bt4.5bn, supported by backlog of Bt4.4bn with Bt3.8bn to be booked this year. It said it will post Bt1.3bn in revenue in 3Q14. (Kao […]
Read More →Ticon is one of the few names to be in red today, down another 6% by mid-day, reasons being: ROJNA (its major shareholder and an Industrial Estate player) proposed to subscribe for all the remaining shares of 25.1 mn after the TSR’s were excised. (basically 25 mn warrants were unexercised) The purchase price will be […]
Read More →CPF CPF plans to expand into food business in Australia. CPF targets 500 chain restaurant branches, and also looks to sell its ready made meals, which it believes has strong potential. The management estimates CAPEX in the range of AU$200mn spread over five years. (Kao Hoon, 23/07/14) Comment: CPF is continuing on their mission to […]
Read More →ADVANC ADVANC will invest Bt800mn into its Serenade clients by launching the “Serenade Emerald†privilege club. It expects this to help push its customer base to 2.3mn by the end of this year. (Kao Hoon, 22/007/14) AJD AJD to benefit from digital TV coupons, expected to be distributed by September 15th. Management expects set-top box […]
Read More →AYUD AYUD hunting for acquisitions – Investment company Sri Ayudhya Capital (AYUD) continues to  look for acquisition opportunities as it believes the coming insurance liberalization will force small insurers to seek strategic partners to reduce operating costs. (The Nation, 21/07/14) Comment: The insurance industry has been growing very well in the past decade and AYUD has […]
Read More →Notable Transactions Buy(s) THB 59mn PPS – Close to THB 40 mn bought the directors, could this engineering company benefit from upcoming government spending? Sell(s) THB 65 mn TPIPL – It’s upcoming capacity expansion (over the next 2 years) has led to the price increasing some 20-30% this year.
Read More →Well that was fun morning session with the NCPO announcing a postponement for the 4G, specifically that it would auction in July next year 25 MHz of bandwidth on the 1800 MHz spectrum and 17.5 MHz on the 900 MHz spectrum. What happened? Well let’s have a look @ the charts. The telco sector is […]
Read More →BMCL MRTA to negotiate with BMCL on the Blue line extension work worth more than Bt100bn. The Governor of the MRTA said this would be more beneficial and effective than an auction and will help lower costs for both service centers and construction. (Kao Hoon, 18/07/14) Comment: BMCL’s stock price has been going through the […]
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