ADVANC ADVANC announced a dividend on 2H17 of Bt3.57/share, XD on 5 April, giving a total 2017 dividend of Bt7.08/share, a yield of approximately 4%. It reported 2017 earnings of Bt30.077bn, falling 1.9% from 2016. (Khao Hoon, 06/02/18) Comment: How did the eke out decent #’s? Cost cutting. How can they grow? Questionable…although apparently broadband […]
Read More →As requested. Here’s the USDTHB vs the 10 year thai gov bond yield over the past 7-8 years. A quick regression showed: High correlation between 2011-3Q14, 2H16 – now. What reason(s) could there be for 3Q14-3Q15 breaking the trend? US Fed rate hike cycle beginning – granted in 2013 they begun talking about it leading […]
Read More →AGE AGE says coal sales are booming in 1Q18, spurred by high demand from China and Vietnam. It believes this will lead to a 25% growth in 2018 sales to close to 3mn tons. It has budgeted Bt200mn to buy 12 ships, as it is going to expand its logistics business to its full potential. […]
Read More →As of writing, things are looking red throughout the region for equities. So to everyone that has said “I’ll buy the dip!” Are you going to?
Read More →Notable Transactions Buy(s) THB 14.6mn N/A Sell(s) THB 35.8 mn N/A
Read More →The yields have been on my mind for the past few months and it’s been rather confusing. The 10 yr Thai gov is @ 2.5% vs the US 10 yr gov bond @ 2.8% The yield on the SET is now at 2.59% So: Is the Thai market safer? Less risky? More attractive for capital […]
Read More →FPO raises GDP growth projection. The Fiscal Policy Office (FPO) upgraded its economic growth forecast for this year to 4.2% from 3.8% and raised its estimate for exports. (Bangkok Post, 30/1/18) Cabinet affirms wage hike, relief measures. The cabinet yesterday endorsed the daily minimum wage hike nationwide from April 1, an increase of 5-22 baht […]
Read More →BAY BAY targets 2018 loan growth at 6-8% and it believes performance will be better than last year’s in tandem with economic recovery. It will maintain NPLs under 2.5% and coverage ratio to be at least 140%. It has budgeted Bt20bn for a three-year investment in technology (2018-2020) in order to expand to digital. (Thun […]
Read More →BTW BTW says big projects received this year will grow revenue and earnings. It projects 2018 revenue growth of at least 10%. It currently has backlog of Bt900mn, of which 80% is going to be booked as revenue this year. It plans to bid for new projects worth approximately Bt7bn. It also plans to expand […]
Read More →AMA AMA targets 2018 revenue growth of at least 30% and plans to budget Bt1.45bn to buy three ships, aiming at a capacity increase to more than 100,000 DWT from 86,000 DWT last year. It says palm oil shipping is going well. (Thun Hoon, 31/1/18) Comment: Well its a shipping company, nothing overall special, looks […]
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