Market research on Thai Stocks in the SET Index
BBL Working to increase NIM — BBL will increase its net interest margin (NIM) and remains confident that it will not affect net profit. Capital reserve for 4Q13 will be in line with expectations and corporate loans will grow 8% this year. (Khao Hoon, 08/11/13) Comment: As much as we like to joke about them […]
Read More →ADVANC Economic slowdown leads to cut in target — ADVANC slashed its revenue target for the year to 5-6% from 6-8% due to the slowdown in the economy. Its 3Q13 net profit shrank to Bt8.34bn, with 9M13 net profit of Bt27.46bn, growth of only 3.9% YoY. (Khao Hoon, 06/11/13) Comment: Will this dividend behemoth finally […]
Read More →Notable Transactions Buy(s) THB 509mn BGH – Another THB 506 mn bought by K. Prasert Sell(s) THB 248 mn BEAUTY – Big off the market transaction of THB 213 mn by principals IFEC – The founder, K. Narong, continues to sell his shares
Read More →The weekend’s and yesterday’s protests actually caught quite a fair bit of attention in the global media and made the market drop some 40 pts (2.5%) in a day. Our viewpoint is simple, this bill still has to go through the Senate and then the Constitutional Court at which point we think it won’t pass. […]
Read More →CPN Central Festival Chiang Mai opening November 14 — CPN will open Central Festival Chiangmai, its 22nd retail outlet, worth more than Bt7bn, on November 14. This will be the north’s largest shopping mall. The company will partner up on promotional campaigns. (Khao Hoon, 05/11/13) Comment: They are just dominating the upcountry area with their […]
Read More →CPALL To issue bonds — CPALL has boosted its bond issue for institutional and retail investors to Bt50bn from Bt40bn in response to strong demand. (Khao Hoon, 4/11/13) Comment: Only positive out of this is that brokers can stop passing rumours around of a potential high FX Cost with the dollar loans. GEN GEN acquires […]
Read More →What happened? So the news came out two days ago after the market closed that the Supreme Court ruled to overturn the Central Bankruptcy Court’s ruling of 10 years ago in 2003. Now the Bankruptcy Court had approved JAS’s Business Reorganisation Plan in August 2003 and JAS had completed its restructuring plan and was out […]
Read More →BLAND Bangkok Land condo taps area’s growth – SET-listed Bangkok Land Plc (BLAND) is developing the second phase of its Double Lake condominium project in Muang Thong Thani to cater to higher demand in northern Bangkok. The new phase, worth ~Bt525mn, will comprise two buildings with a combined 298 units priced from Bt1.99mn. It will […]
Read More →BAY Credit card growth of 15% achievable — BAY expects revenues from credit cards for 2013 to reach its growth target of 15% as consumer spending picks up in 4Q13. Management expects growth for credit cards to double that of GDP growth in 2014. (Tun Hoon, 31/10/13) GLOW 9M13 profit of Bt5.63bn, up 45% YoY […]
Read More →AOT Transport Minister: Look at costs before allowing PSC rise — Chatchart Sithipun, transport minister, said he wants to take a look in detail at AOT’s cost rises before make the decision about raising passenger service charge, because there are more opponents than supporters. (Khao Hoon, 29/10/13) Comment: i’ve been reading that there will be […]
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