Fresh from the headlines of brokers this morning. FTSE SET large cap index (+) EA FTSE SET mid cap index (+) BGRIM, ORI, PRM, RATCH, RS, TOA FTSE SET Shariah index (+) AIT, AMARIN, BAFS, EKH, FN, GGC, HFT, SEAFCO, SRICHA, TOA, TPIPP, UVAN Date to be applied : 15th Dec Effective: Monday, 18th Dec
Read More →AMA AMA targets 2018 revenue to grow by 30%, as it plans to add two more ships and 30 trucks in response to the growth in the industry. It believes 4Q17 results will be outstanding from high season, which will lead 2017 revenue to make new high at Bt1.5bn. (Khao Hoon, 29/11/17) ANAN ANAN says […]
Read More →ETE ETE received a new project worth Bt131mn and reports 3Q17 earnings of Bt17.57mn, growing 184% with revenue of Bt404.67mn, growing 19.06%, from an increase in revenue from engineering services and energy businesses. (Khao Hoon, 20/11/17) Comment: And its already pricing this in plus far more… ICN ICN says it received a new project worth […]
Read More →BBL BBL says 2018 loans will grow similar to 2017 at 4-5% in tandem with ongoing fluctuations in the world economy. It also says that the BoT deposit policy act will not affect its business. (Thun Hoon, 2/11/17) Comment: Banks seem to be signaling that the NPL issue is over. BPP BPP contracted to invest […]
Read More →AGE AGE set up subsidiary “AGE Marine Logistics” for its water transport logistics business. It currently has eight ships and targets revenue proportion from this business of 2% in the first year. It plans to order four more vessels, bringing its total to ten in 2018. It says that revenue from this business is sustainable […]
Read More →AQ SET is allowing AQ to return to trade in the market after AQ filed its 2Q17 financial statements, which shows a loss of Bt54mn because of lower sales. It is going to issue AQ-W4 in the amount of 56,337.34mn units to existing shareholders, in proportion of 1 warrant for 2 existing shares. (Khao Hoon, […]
Read More →ALT ALT is ready to get into telecommunication infrastructure, supported by backlog of Bt390mn, around 60% of which will be recorded as a revenue in 2H17, driving company growth. (Khao Hoon, 28/9/17) Comment: There is something interesting here, they started out as one of the partners for AIS and are trying to build a network […]
Read More →ADVANC THCOM CSL ADVANC announced the purchase of 250mn shares of CSL from DTV Service, subsidiary of THCOM for Bt7.80/share, giving THCOM cash of Bt1.95bn. It will also buy 84mn shares from SingTel for Bt655mn. (Thun Hoon, 14/9/17) Comment: At 15x PE for CSL it isn’t the cheapest price…effectively its a right pocket left pocket […]
Read More →BCPG BCPG to invest in power plant business in Indonesia. The production power is 182 MW. It will record revenue in 3Q17. (Thun Hoon, 24/7/17) Comment: I do often worry about Thai companies buying commodity/power assets in Indonesia…but should this be a genuinely good purchase it does add to the theory that BCPG benefits as a state […]
Read More →ACAP ACAP has been rated “BB” by TRIS, signaling stable growth and a strong balance sheet. (Thun Hoon , 14/6/17) EA EA will book contribution from two wind farms worth 45 MW with the third wind farm to start up soon and push total capacity to 404 WM in 2017. This will support performance to […]
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