Market research on Thai Stocks in the SET Index
AEC Purchase of AAMC Asset Management approved — AEC says the shareholders approved the purchase of AAMC Asset Management Co., Ltd. It will take 90% for Bt28.12mn. The purchase is being made to expand the variety of the business it is engaged in and create growth opportunities. (Naew Na, 23/06/14) Comment: The regulatory environment in […]
Read More →AAV AAV’s bookings down 15% due to the coup. The CEO says the airline has seen a significant decline in Chinese clients, but domestic traffic continues to support operations. Khon Kaen, Nakorn Panom, and Naratiwat flights have a load factor of 90%. It will control costs and postpone client base expansion to handle the drop […]
Read More →PTG Energy Plc, the operator of the PT petrol station chain and the sixth-biggest fuel retailer in the country, made its debut on the Stock Exchange of Thailand in May 2013. Chief executive Pitak Ratchakitprakarn discusses the company’s outlook and strategy. PT Max Card members receive SMS alerts when fuel prices are about to rise […]
Read More →BGH Issuing bonds — BGH will issue unspecified currency convertible bond worth no more than Bt10bn with a tenure of ~5 years. The company will use the cash to fund investments. (SET, 19/06/14) Comment: Why?! They are net cash, why would the company bother to do this, wouldn’t a normal bank loan be cheaper? Nuts […]
Read More →ITD/CK/STEC/UNIQ Bidding in e-auction for SRT work — The four lead contractors, ITD, CK, STEC and UNIQ, will move ahead to bid in the e-auction for the dual track railway line Chachoengsao-Klongsipgao after the SRT confirmed that the Tipakorn and China Harbor partnership is legal. The price is expected to be set June 23. (Khao […]
Read More →According to the local news (will post source later), the National Council for Peace and Order (NCPO) is ordering the NBTC to put the following 4 projects on hold. The auctions of 1800MHz and 900MHz spectrums in August and November Universal Service obligation (USO) project The plan to give away cash coupons to subsidise set top […]
Read More →AAV Thai AirAsia X: Maiden flight to Korea today. CEO says it has a load factor of 100% and 80% of them booked three months age. It will begin flights to Tokyo and Osaka early next month and is confident that the Thai political scene is not a problem. (Khao Hoon, 17/06/14) Comment: AAV – […]
Read More →Notable Transactions Buy(s) THB 280 mn RS – RS has the combination of the world cup this year and Digital TV being implemented. CPF – In recent history there has been negative news every  3 months with this co EVER – No idea what is going on with this property company A – Have a […]
Read More →Notable Transactions Buy(s) THB 370 mn BANPU – Again another purchase by BANPU’s management LH – Looks like they are selling the common stock and purchasing the warrant TYM – Another backdoor listing perhaps? Sell(s) THB 478 mn LH – See above MACO – Most likely linked to VGI NYT – NYT has a wonderful […]
Read More →CENTEL CENTEL expects flat performance in 2Q14 from 1Q14. Although this is its low season, it expects bookings to recover. Net margin for each business is expected to expand. It is confident that total revenue will reach target of Bt19bn. (Tun Hoon, 16/06/14) Comment: CENTEL still a 2nd rate version of MINT, its food business […]
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