Management Trades 20/01 – 24/01
Notable Transactions Buy(s) – THB 121 mn PS – K. Thongma keeps buying his shares TMT – Management has bought up close to THB 50 mn worth of shares Sell(s) – THB 11 mn n/a
Read More →Category: Stocks
Market research on Thai Stocks in the SET Index
CRANE sells off a piece of land
What happened: Chu kai Plc (ticker: CRANE) announced on the 14th January 2014 a sale of land worth THB 500 mn. CRANE itself is leasing cranes that can be used in many industries such as construction, import and export, refinery plants, power plants, and petrochemical plants. Most cranes of The Company are good used cranes […]
Read More →MC Group has two new institutional investors
On the 13th January, MC Group (ticker: MC)Â announced two new major shareholders, both are well known long-term investment group, Lombard through its investment vehicle, Mindo Asia Investment Ltd and NTAsian Discovery Fund. So what? Well both groups are run by smart fellows, Lombard is well-known within Thailand for its holdings in Ticon, CPN, AS, SAT, […]
Read More →SCB sells off SCSMG
This happened 2 weeks ago as well as a few other deals that I’m just getting around to writing about, the details are as follows: Siam Commercial Bank (SCB) sold a 60.9% stake of Siam Commercial Samaggi Insurance (SCSMG) The value of the transaction is USD 185 mn at THB 27.60/share and SCB is expected […]
Read More →Can the Thai SEC move any slower?
While we applaud the fact that the SEC does take action against insider trading, but 7 years later? Really? And only a fine of THB 27 mn despite the fact this is an egregious action against public investors. Anyways at least we know this is another company to put on the blacklist for investing in […]
Read More →Stocks in the news (hemraj, ktb, lh, ofm, ptt, tpoly) 24.01.14
HEMRAJ HEMRAJ aims land sales of 1,600 rai and invest Bt6bn in 2014. It will launch the 7th industrial park, Hemaraj Chonburi 2, in 4Q14. It views the political situation as an opportunity to buy cheap land. (Khao Hoon, 24/1/14) Comment: Still the best company around, if the stock price drops enough as a function […]
Read More →Stocks in the news (cpn, gland, global, pttep, rs, solar, spcg) 23.01.14
CPN CPN invests Bt50mn in “CPN the Great Chinese New Year 2014†campaign. It hopes to stimulate consumption and aims shoppers growing 10-20%. (Khao Hoon, 23/1/14) Comment: This company has grown with Thailand’s upcountry growth in the past few years, I can’t really believe rumours that they are supporting the protests at all. GLAND GLAND […]
Read More →Malaysia trying to grab more investments
Last month Toyota said that they would be investing more into Indonesia for certain models, this despite an awful infrastructure system, and now Malaysia is looking for more investments from the auto sector as well. So will Thailand see less investment going forward? What impact will this have on SAT, TRU, STANLY and IHL on […]
Read More →Stocks in the news (aot, ps, ratch, seafco, thai, tta) 22.01.14
AOT No infrastructure fund — AOT denies the rumor that it is going to set up an infrastructure fund. It says that AOT’s financials are sound with cash on hand of Bt40bn and profit of Bt11bn annually. Revenue this year is expected to grow by 10% and earnings for 1Q14 will hit Bt3.3bn. (Khao Hoon, […]
Read More →Stocks in the news (aot, bts, chow, drt, nyt, rs, sithai) 21.01.14
AOT To set up infrastructure fund — AOT will set up an infrastructure fund worth Bt60bn to build a new passenger terminal for Suvanabhumi Phase 2 and renovate and improve Don Muang and Phuket airports to prepare for an increase in the number of tourists. (Khao Hoon, 21/01/14) Comment: We heard about this idea over the weekend, […]
Read More →