This long weekend I’m fairly certain every analyst covering Thai equities will have to update their models and what not, I know my team and I certainly are. A flurry of earnings were released today and the last day for earnings announcements are next Wednesday 15th August.

I’ve noticed some basic trends thus far but don’t quote me on it just yet:

The electronics (KCE, SVI) and automotive (SAT) sectors are reporting great YoY and QoQ numbers showing their recovery from the flood last year, although the caveat for the electronics sector is the slowing global economy b/c of the Euro austerity measures.

Commerce sector reported great figures but given their high P/E’s most movements were to the downside (BIGC)

Infrastructure related co’s i.e. contractors have performed well on the back of power plant projects, highways, government works etc.. (DEMCO, NWR)

Banks – still rocking n rolling, we like TCAP b/c of its link to the automotive sector and naturally SCB and KBANK, plus the fact that the entire sectors tax rate drops from 30% to 23% doesn’t hurt at all.

Tourism – Not bad at all! MINT, ERW, CENTEL’s occupancy #’s were high on the back of 1) finally no political trouble leading to 2) continued high tourism arrivals in Thailand (AOT)

Anyways time to revert back to updating the #’s have a great long weekend everyone!



Note: Please see disclosure as no comments are meant to be taken as investment advice

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