So what other positive stories are left? We have political “stability” for the time being. Commodities continue to hold, thus the equities may eventually start to show higher pricing, as we’re seeing with coal names today. Reopening domestically is continuing, next is an international reopening? This could be a longer/messier process but then again we […]
Read More →Notable Transactions Buy(s) THB 1.2 bn BTS – The Chairman bought back a huge amount of shares post the BTS x JMART Group link up VGI – He bought YUGE amount of shares post the BTS x JMART Group Link up TU – The Chairman thinks his shares are cheap (?) I doubt management’s ability […]
Read More →People in dark-red zones will not need to be fully vaccinated and/or pass a Covid test to dine in at eateries and restaurants in dark-red zones, latest announcement in the Royal Gazette. Thailand will enforce the e-service tax law from today, following in the footsteps of >60 countries around the globe which collect VAT from […]
Read More →AAV resume domestic flights today Comment: Reopening trade done for this name. There should be talks of recap coming again before the end of the year. BAM maintained Bt17b FY21 revenue target, eyes Bt4.2b cash collection in 3Q & Bt6b in 4Q post reopened, launch installment campaign & digital marketing to boost sales, sets Bt10b […]
Read More →BANPU to open subscription for RO from September 6-17, 3:1 @ Bt5/share, subscribers will also recovery BANPU-W4 1:1 & BANPU-W5 1:1. Comment: Curious to see where the share price ends up post recap. BBL sits on an unrealized gain worth Bt4,580m from its stake in GULF, after GULF share price high record high. Comment: All […]
Read More →AH sees better 4Q as a shortage of semi-cons eases and auto production picks up, while 3Q may be softer QoQ due to supply shortage issues and outbreak, but keeps this year 15-20% sales growth forecast. Expects 90% of employees to be vaccinated within next month from 76%. COM7, CPW, SYNEX are expected to be […]
Read More →CPALL opens the 1st store of 7-11 in Phnom Penh, Cambodia. Comment: Years in the marking and finally executed. EPG sets Bt300m capex for M&A, revamp food packaging unit & auto parts production, maintained 12-15% full year revenue growth target. GLOBAL estimated subsidiary in China, Guangxi Global House International Trade, to source products from China, […]
Read More →It’s the same story, reopening theme plus no tapering from the US Fed, wouldn’t be surprised to see the USD/THB back into the 31s. And despite their rhetoric, I put a low probability on any tapering occurring for the next 1-2 years. Watch the commodities. Watch the market share going to the big boys (effectively […]
Read More →Notable Transactions Buy(s) THB 71 mn N/a Sell(s) THB 1.16 bn ERW – A YUGE block, I suspect it’s to a family holding co. PSL – The CEO dumped 10% of his holdings or THB 200mn +, retirement in 2-3 years is expected. Question is, does this selling remove the support the share price has […]
Read More →CCSA to debate reopening plan: PM’s 120-day target ‘still within reach’. The government’s plan to reopen the country before the end of the year is seemingly still on track as Thailand’s Covid-19 outbreak is showing signs of slowing down. Bangkok Post Unemployment expected to hit 2.5%: EconThai predicts jobless rate for Q2. Thailand’s unemployment rate […]
Read More →