Management Trades 14/04 – 18/04
Notable Transactions Buy(s) THB 2.1 mn N/a Sell(s) THB 5.1 mn N/a
Read More →Category: Stocks
Market research on Thai Stocks in the SET Index
No free float + takeover = Crazy times
What happens when a takeover happens and all the free float disappears? Here are two recent examples: MAKRO – Takeover by CPALL and free float drops to single digits and for a short amount of time the stock price still shoots 30-40% above the takeover price, why? I have no idea! RASA – The latest one, […]
Read More →Stocks in the news (cpf, earth, gold, ichi, kce, ptt, pttgc, salee, seafco, true) 18.04.14
CPF CPF says sales and net profit in 1Q14 were strong. It is confident that sales will hit Bt450bn this year, up 10-15% YoY. (Khao Hoon, 18/04/14) Comment: No doubt on the sales growth, however with corn prices crawling higher, margin improvement may not be as good as they expected EARTH EARTH expects revenue of […]
Read More →Stocks in the news (Aot, bch, nok, ptt, tisco) 17.04.14
AOT New taxiway: concrete, not asphalt — The CEO of AOT said that the company plans to instead use concrete instead of asphalt for the taxiway for Suvarnabhumi airport. It believes the cost will be lower, and it will save on maintenance costs. Management admits to an ongoing problem of water damage on the asphalt […]
Read More →Stocks in the news (bbl, epco, ichi, modern, smm, spali, thcom, tmb) 16.04.14
BBL Management says 1Q14 loan growth was slightly negative consistent with the slowing economy. Loan growth is expected to be positive in 2Q14 and 5% in 2014. It expects Thai GDP growth of 3% YoY, supported by exports. (Khao Hoon, 16/4/14) Comment: Every bank will have poor loan growth in the 1Q14, question is how […]
Read More →Management Trades 07/04 – 11/04
Notable Transactions Buy(s) EFORL – The chairman purchases THB 47.6 mn in this recent backdoor listing Sell(s) N/A
Read More →Co Visit: Officemate Plc (OFM)
OfficeMate Plc (OFM) is a distributor of office supplies that uses an omni-channel model and an e-commerce company managing the OfficeMate.co.th, Central.co.th and Robinson.co.th websites. OFM listed on the Market for Alternative Investment in 2010 and joined the SET in January 2013 after Central Retail Corporation (CRC) acquired a major stake in the business. Chief executive […]
Read More →Stocks in the news (anan, aot, samart, gunkul, ivl, ptt, rml, sccc, svi, thai, tsf) 11.04.14
ANAN Ananda scales back condo advertising – The SET-listed Ananda Development Plc (ANAN) has capped spending on marketing and advertising at 2.5% of sales, down from 4% last year, as the political turmoil looks set to dampen condo-buying sentiment throughout 2014. (Bangkok Post, 11/04/14) Comment: The pullback in advertising has been throughout all of Bangkok, […]
Read More →Stocks in the news (bay, bbl, bcp, hemraj, hmpro, irpc, mbk, pttgc, siri) 10.04.14
BAY BAY expects loan growth of 7-9% YoY in 2014 from 13.7% YoY in 2013. It cut its 2014 NPL target to 2.5% after 2.67% in 2013. It says the Japanese hold a 72% stake and the M&A process will be complete in 2014. (Khao Hoon, 10/04/14) Comment: Still decent numbers coming out of Thai […]
Read More →Stocks in the news (cimbt, cpall, iec, scc, seafco, sirip, tisco, uniq) 09.04.14
CIMBT CIMBT focuses on investment – First-quarter retail deposit growth at CIMB Thai Bank (CIMBT) was flat year-on-year, reinforcing signs of a tepid economy and a drying up of individual liquidity. Given the lower deposit growth target, CIMBT has focused on investment products including debentures, derivatives and fixed-income and equity funds. It plans to mobilize […]
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