Notable Transactions Buy(s) THB 67.3 mn SAMART – The President buys a big stake, I have my doubts on SAMART performing as well it has going forward, SIM has declining growth, SAMTEL won’t have anything until 2017 at the best. Sell(s) THB 70.6 mn EPCO – The Chairman sells off a stake, this printing company […]
Read More →BANPU BANPU reports 90% of Hongsa power plant has been completed. It expects the plant to start running in mid-2015. The company is also ready to invest in a solar farm project in Japan and expects a conclusion by the end of the year. It targets coal sales this year of 48mn tons and expects […]
Read More →AJD AJD says 2Q14 revenue above Bt363mn, supported by stronger sales of electrical appliances due to its promotions. It reaffirms that it expects revenues this year to triple from last year’s Bt1.65bn with Bt4bn to come from sales of set-top boxes. (Thun Hoon, 01/08/14) Comment: Their stock price has been performing incredibly well over the […]
Read More →BBL Management says 1Q14 loan growth was slightly negative consistent with the slowing economy. Loan growth is expected to be positive in 2Q14 and 5% in 2014. It expects Thai GDP growth of 3% YoY, supported by exports. (Khao Hoon, 16/4/14) Comment: Every bank will have poor loan growth in the 1Q14, question is how […]
Read More →BCP BCP lowers 2014 growth target to 6% – BCP has downgraded its revenue growth target from 10% to 6% this year due to political strife and economic slowdown. It has maintained production output at its Bangkok refinery at 94,000 barrels per day despite declining petrol consumption as products with high demand growth are the […]
Read More →AAV Political turbulence delays Thai AirAsia X inaugural flight –Thai AirAsia X, the country’s first medium- and long-haul low-cost carrier, has delayed the launch of its inaugural flight from the current quarter to later this year, because the skies are not clear enough due to the ongoing political tension. (The Nation, 20/02/2014) Comments: The entire […]
Read More →AP AP expects a great 2014. It expects 2014 presales and revenue of Bt21bn on current backlog of ~Bt11bn. It will launch 19 new projects worth Bt26bn. (Tun Hoon, 06/02/14) Comment: Valuations for AP have become attractive, the whole property sector in fact, we view this all as a trading opportunity BJCHI BJCHI won new […]
Read More →BMCL BMCL aims at 2014 passenger growth of 10% YoY supported by new properties at Ratchada. The political situation does not impact operations but supports passenger growth because people avoid driving. (Khao Hoon, 14/1/14) EPCO EPCO to build a 23MW solar cell plant worth Bt194.40 in Japan. It targets total capacity to reach 100MW by […]
Read More →AIE AIE confirms strong fundamentals and said 2013 revenue will be Bt4.2bn with 2014 revenue at Bt5.5bn, supported by B7 bio-diesel. It aims to list on mai in January 2014. (Khao Hoon, 16/12/13) BAY BAY expects Bt36bn new property loans in 2013, beating its target of Bt28bn. It is seeing a steady drop in NPLs […]
Read More →EPCO Profit up 335% YoY in 9M13 — Eastern Printing announced 9M13 net profit of Bt112mn, growth of 335% YoY. It expects 2013 revenue to rise 30% with a 160% jump in net profit. It expects to book a dividend from Bor-Ploy Solar of Bt57mn in 4Q13. (Khao Hoon, 13/11/13) CENTEL Centel posts explosive profit […]
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