Market research on Thai Stocks in the SET Index
Week 28/11 – 02/12 Corporate News CTG VN Vietinbank plans to offer VND9trl of non-convertible bonds without warrants and collateral in two tranches through 3Q next year. Under new plan, first tranche includes VND2trl of 8-year bonds and VND3trl of 10-year bonds, slated for sale in 4Q to 1Q 2023. Second tranche comprises VND1.5trl of […]
Read More →AOT sees turnaround in profit in 1Q23 (ending Dec 22), as pax recovered to 70% to 270K/day. BCP sees continued growth in EBITDA, supported by BCPG-OKEA expansions, sets Bt45.6b capex, expects strong 4Q on seasonal. CBG mulls listing convenience store subsidiary, CJ Express, as soon as next year, aims to raise US$500m for stores expansion. […]
Read More →ASW in 51% jv with Japan’s Takara Leben to develop a condo projects worth Bt1.35b under KAVE brand near Kaset Uni, their 2nd jv. BGRIM coded 140mw Amata Bgrim Power (ABP1R) co-gen power plant on Nov 29. BJC upbeats 4Q earnings from positive SSSG at Big C hypermarket, surging traffic at mini Big C on […]
Read More →AOT: cabinet approved DMK airport expansion phase 3 to accommodate 40m passenger traffic p.a. from current 30m, 3rd passenger terminal & 6th parking bay to be added under Bt36.829b budget. Comment: Getting ready for China + India to visit Thailand en masse CHIC selected by GRAND for interior design and furnishing of hi-end projects, ANIL […]
Read More →ADVANC eyes virtual banking license, after selling remaining stake in AISCB to SCB, aims to capitalize on its >50m mobile and internet customers. Comment: Urgh…can’t think of one digital bank that is actually profitable globally. Prove me wrong if there’s one out there. AMR signed MOU Eastern Pro Water Supply to jointly expand tap water […]
Read More →BBIK to enter VN next year to offer corporate digital business solutions, and expand in Indonesia and England, sets >70% revenue growth target this year. Comment: They’re going to have repeat this performance for the next decade or so to defend the current valuation. BCPG sets Bt30b capex next year, mostly for oversea M&A, target […]
Read More →Notable TransactionsBuy(s) THB 1.3 bn Sell(s) THB 1.5 bn
Read More →Stock news dgw.vn, kdc.vn, vic.vn, msn.vn, nlg.vn, vng.vn, lpb.vn , tcb.vn DGW VN: In 4Q 2022, DGW targets a net profit of VND300 billion, down 8.3% yoy from the highest in Q4/2021 with a net revenue target of VND7,500 billion (down 5.3% yoy). Comment: High comp base, followed by a slowdown in consumer spending. KDC […]
Read More →JMART to reveal JV partner for new business next week, keeps 50% revenue growth target next year, firms on Bt500b group market cap target in 2024. Comment: Well…they said on the call yesterday that they will announce a new JV that will make people surprised, in a positive way? Group target mkt cap is implied […]
Read More →AWC and CRC are added to MSCI Min Volatility Index, while OSP had weighting increased, effective Nov 30. Comment: WTF is this index? BCP sets Bt200b capex to boost green business and gas, target Bt70b EBITDA in 2030, from current Bt40b. CK is close to signing Bt210b Luangprabang project this year, while falling steel price […]
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