Market research on Thai Stocks in the SET Index
ERW Confident of meeting target growth — ERW is confident that revenues this year will reach its target growth of 15% as the business moves into high season in the second half. Profits grew strongly in 2Q13 after booking extraordinary gains on sale of assets to ERWPF fund. The company is also ready to expand […]
Read More →Notable transactions There were quite a number of transactions on the buy side by owners/management in the past week, but not heavy in terms of the value bought Buy(s) THB 132mn BGH – This star performing has lost some steam in the past few months as its growth begins to level off NMG – Vice […]
Read More →BJC Sets up Lao subsidiary — BJC said that the company has set up a new subsidiary in Laos named BJC-MPM (Laos) Sole Company Limited, registered on August 14th with capital of Bt103.53mn, to provide consulting service on trading and investment in Laos. BJC-Mpoint International Company Limited, a 51% owned subsidiary of BJC, holds 100% […]
Read More →PACE IPO’ed at THB 3.50/share earlier this month on the 7th August only to finish at THB 2.7/share on its first day down some -23%. Now how on earth can a company that doesn’t have any net profits to speak of be allowed to list on the stock exchange? Well the SEC enacted a ruling […]
Read More →BAY deal approved — The Finance Ministry has approved a bid by Japan’s Mitsubishi UFJ Financial Group (MUFG) to buy a 75% stake in Bank of Ayudhya Plc, minister Kittiratt Na Ranong said yesterday. MUFG agreed to buy a controlling stake in BAY for up to Â¥560bn (US$5.61bn) as Japanese lenders expand into fast-growing Southeast […]
Read More →BAY bullish on SME loans despite economic slowdown – The Bank of Ayudhya (BAY) maintains its 15% growth target for its small and medium-sized enterprise (SME) loans this year on expectations that the country’s economy will return to normal growth in the next six to 12 months. Thailand’s fifth-largest lender by assets typically sets its […]
Read More →HMPRO HomePro bullish on sales — Home Product Center Plc, the operator of HomePro hardware stores, is confident of achieving 15% sales growth this year to Bt39.71bn despite the economic slowdown and weak purchasing power. As up to 80% of Home Pro’s customers are homeowners, they still spend on home repairs or renovations no matter […]
Read More →CK CK optimistic — Thailand’s third-largest contractor by market value expects the cabinet to approve today a contract worth over Bt20bn to supply trains and operation system of the Purple mass-transit rail line. Following the endorsement from the cabinet, the SET-listed subway operator Bangkok Metro Plc will sign the contract with CK this month for […]
Read More →AOT Strong July traffic growth — AOT reported strong traffic in July 2013, with passenger and aircraft movement growth of 16% YoY. This is the tenth month in a row that it has reported double-digit growth. (Company press release) Comment: This is really only one of the few strongly growing large cap co’s in Thailand […]
Read More →Notable Transactions Buy(s) THB 342 mn EARTH – The Chairman and CEO buys a huge amout of shares @ 7.90, some THB 237 mn worth GFM -Â continuation of the family shifting holdership Sell(s) THB 104 mn CHG – A director sells off THB 22mn shares GFM – See above
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