CK CK not concerned about delays in public project bidding with the NCPO scrutinizing public investment projects to improve transparency. It expects 2014 revenue of not less than Bt30bn and will continue to bid new projects in late 2014 of Bt20bn, bringing backlog up to more than Bt100bn. (Tun Hoon, 27/06/14) Comment: Thinking aloud, wouldn’t […]
Read More →ADVANC ADVANC reports 1Q14 net profit of Bt9.48bn, -4.5% QoQ, because revenue decreased while amortization expense increased. It has now 26mn 3G subscribers. (Khao Hoon, 07/05/14) AOT Minimal impact from earthquake at Chiang Rai Airport — AOT says there was little damage to the Chiang Rai airport from the earthquake and operations are normal. The […]
Read More →So the facts: Excl. banks down -7% (ex PICNI its -23%) Brokers are suffering – no surprise 1H13 was a rockstar period Telco’s and electronic exporters look ok still Insurance co’s are minting $, will the rest of the sector follow SCSMG? Domestic consumption look so-so, HMPRO is ok, but BIGC is urgh
Read More →BAY BAY expects loan growth of 7-9% YoY in 2014 from 13.7% YoY in 2013. It cut its 2014 NPL target to 2.5% after 2.67% in 2013. It says the Japanese hold a 72% stake and the M&A process will be complete in 2014. (Khao Hoon, 10/04/14) Comment: Still decent numbers coming out of Thai […]
Read More →ANAN ANAN expects to report Bt1.5bn in revenues in 1Q14, a 50% increase YoY, supported by booking revenue from its condo, Ideo Mobi 4. (Khao Hoon, 17/03/14) AOT Phase 2 to move as planned — AOT says that Phase 2 of Suvarnabhumi airport worth Bt62.50bn will go as planned. It will draft the TOR this […]
Read More →AOT AOT says political unrest is pressuring operations. Passengers in Suvarnabhumi fell 9% but passengers at provincial airports increased supporting it operation. Foreign funds request its business plan to decide whether continue to invest or divest. (Khao Hoon, 05/03/14) Comment: So as we’ve commented in the past, Bangkok is hurt yes, but the rest of […]
Read More →ADVANC TOT eyes new revenue from AIS pact – TOT Plc expects to earn revenue of at least Bt800mn a year from its network rental service once the state telecom enters a partnership with mobile leader Advanced Info Service (AIS). TOT chief executive Yongyuth Wattanasin said a one-year memorandum of understanding between the two parties […]
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 →BAY Targets SME loan growth 2-3x GDP — BAY targets SME loan growth in 2014 of two-three times GDP growth, which is expected at 4%. It plans to expand its customer base to include more Japanese with a greater focus on trading business. NPLs are expected to be below 1%. Mr. Nariaki Koto has been […]
Read More →CPN 23rd Central Festival open in December — CPN will open its 23rd Central Festival shopping mall in Had Yai on December 14. It has invested over Bt7.2bn in the project. The construction is currently at 95% completion. (Khao Hoon, 21/11/13) HMPRO HMPRO to expand aggressively in the last 2 months. HMPRO will open its […]
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