Market research on Thai Stocks in the SET Index
AUCT IPO of 110mn shares — Mr. Aekpittaya, CEO of AUCT, said the company will be offering 110mn IPO shares at par value of Bt0.25/share and at an offering price of Bt2.00 on July 31 and August 1- 2. It is expected to be traded on MAI on August 9, 2013. (Khao Hoon, 29/07/13) MCOT […]
Read More →CPF plans acquisitions of two Russian companies , approves joint venture : Charoen Pokphand Foods (CPF) hopes to expand its exports through the acquisition by CPF Investment (CPFI) of two Russian companies – Russia Baltic Pork Invest ASA (RBPI) and Penza Food – for a combined equity investment of Bt4.3 billion. CPF will acquire an […]
Read More →CK eyes 25% of Bt2trn transport projects – CH Karnchang (CK) hopes to secure 25% of the Bt2trn worth of infrastructure projects due to be put up for bidding by the Transport Ministry between this year and 2016. (The Nation, 25/07/13) KBANK Kasikorn sees brighter days ahead for corporate deals – Kasikornbank (KBANK) predicts strong […]
Read More →Was just quickly browsing through KK’s latest presentation to investors and while I was initially looking for the potential NPL’s I came across this slide: What we take from it are: Retail Investors still dominate the SET and MAI, and this with a doubling in the average daily value traded. Foreign investors have exited Thailand to a […]
Read More →This was all over the news last night. Thai telecommunications group True Corp Pcl TRUE.BK said it aims to raise at least $2.25 billion by listing an infrastructure fund to help pay down debt, in what would be Asia-Pacific’s biggest initial public offering so far this year. Source: Reuters Our thoughts? If True were to […]
Read More →BLAND to set up REIT — BLAND is to book in profits from its Sri Nakarin land sale of Bt3bn in 2Q13/14 and also to establish a Real Estate Investment Trust (REIT). BLAND-W4 is to start trading tomorrow (Jul 25th) and expects BLAND price to be Bt1.80, leaving BLAND-W4 at Bt0.45. (Khao Hoon, 24/07/13) Comment: […]
Read More →Notable Transactions Buy(s) 152 mn GFM – A continued swap in shares within the family SIRI – This is odd, the President appears to be swapping shares amongst his own accounts…? Sell(s) 161mn GFM – See Above IFECÂ – A director sells off THB 20 mn worth of shares SIRI – See above
Read More →BBL preps for Japan turf war – The acquisition by the Bank of TokyoMitsubishi UFJ (BTMU) of a stake in Bank of Ayudhya (BAY) is persuading Bangkok Bank (BBL) to prepare for stronger competition in the Japanese corporate banking business segment. (Bangkok Post, 23/07/13) Comment: Watching the changes in the banking landscape here in Thailand […]
Read More →The SET-listed Jubilee Enterprise Plc (JUBILE), a leading retailer of diamond jewellery in Thailand with nearly 100 outlets, has delivered average net profit growth of 40% per year from 2009-12, and it continued to impress shareholders with 30% year-on-year growth in this year’s first quarter. Chief financial officer Unyarat Pornprakit discusses the strategies behind the […]
Read More →BAFS 30% earnings growth expected — BAFS expects 2013-14 earnings to grow by 30%, supported by an increase in fuel usage in Don Muang and Suvanabhumbi of 5%. It plans to expand its transportation network from Bangpa-In to Lampang, for an investment cost of Bt65bn, and expects conclusion on this by the end of this […]
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