Market research on Thai Stocks in the SET Index
AURA sees solid growth in 2H24, on higher margin between domestic and global price, while elevated gold price had more than helped low seasonal in 3Q. Comment: It’s not a true gold play, it’s a gold financing/retail play with low NPLs BTG sees continued momentum in 3Q earnings, on higher swine price and lower animal […]
Read More →AMATA to wrap up 300-500 rai land sales, boosting FY24 sales to all time high, with current backlog to realize until 2026. Comment: That’s nothing…WHA is spanking them. AUCT to start auctioning of 2nd hand E-Bike and EV, with 30 in 1st lot on Oct 26. Comment: This will set the secondhand price in the […]
Read More →CPF & GFPT are expected to recovered windfall from surged chicken exports order to JPN aft first bird flu outbreak of the season found at poultry farm in Hokkaido. Comment: Everyone will be massively surprised by how great the margins are from GPFT and CPF’s (core business) for the 3Q LTS signed exclusive dealer with […]
Read More →Notable Transactions It’s a quiet week and will continue to be quiet as it’s earnings season… Buy(s) THB 8.7 mn Sell(s) THB 1.7 mn
Read More →BBL: 3Q net profit @ Bt12.47b, +9.9% yoy, beats Bt11.44b consensus, thanks to better than expected NIM, investment gains and strong non-NII recovery, lower LLP qoq. Comment: Balance sheet is average still…but if BBL is struggling…just imagine how everyone else is doing… CRD sees strong 4Q driven by waste collection biz in Chiang Mai and […]
Read More →AOT: ITA Airways extends direct flights btw Rome-BKK beyond winter schedule that end on Mar 27, 2025 to offer year-round service. Comment: Death of tourism blah blah, this is thailand, I saw the phuket tsunami disaster first hand and tourism increased 10x. BBL & KTB are expected to benefit from lower NPL after Thai Airways […]
Read More →DMT sees positive 2H momentum, supported by surged toll way traffic aft Air Asia X relocate back to DMK airport effective Oct 1, tailwind from flights increase on reopening of DMK building 1 and holiday season in 4Q boost earnings, maintain FY daily average target at 116,000 trips/d from +8.5% yoy from 106,907 in 2023 […]
Read More →Notable Transactions Buy(s) THB 70 mn Sell(s) THB
Read More →Week 07/10 – 11/10 baf.vn, kbc.vn, ft.vn, nlg.vn, pnj.vn, ppc.vn, tcb.vn , vic.vn, vjc.vn, Corporate BAF VN: BAF wants to issue 65 mn individual shares to professional securities investors at a price much lower than the current market price. The offering price is VND15,500/share, 30% lower than the close price on October 8 of VND22,200/share […]
Read More →BANPU teams up with APAC Sustainable & Decarbonization Infra Equity Fund sponsored by Aravest & SMBC Group to jointly fund $145m investment in Amp Co, a JPN renewable solution firm, to develop solar & wind project combined 800 mw in JPN. BGRIM mulls expand proportion of direct PPA in port, expects robust demand growth for […]
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