AGE Subsidiary investing in two power plants —AGE is having subsidiary AGE Power Holdinginvest in two power plants. The first is in Sukhothai with 3 MW. The other is in Phichit with9.9MW. It expects coal sales grow to 4 million tons. (Khao Hoon, 30/1/14) Comment: Now the forecast has increased to 4mil tonnes from 3mil […]
Read More →There have been several articles going around that Emerging markets are in the beginning stages of 1997 Asian Financial Crisis part deux and how Thailand is going to yet again be affected. We’ve gone through each data point thrown our way but in the end we disagree for Thailand. Quite simply: I don’t see high […]
Read More →AGE AGE to invest in a 9MW biomass power plant, a new line for its business. It is confident the biomass plant will bring in revenues of no less than Bt200mn per year. Coal sales for 2014 are to exceed 3mn tons this year, driven by strong demand from clients abroad. (Khao Hoon, 29/01/14) Comment: […]
Read More →Out of curiouristy we did a quick backcheck of the past sectors that have driven the SET for the last 7 years. Upon seeing the results we do ask ourselves, why bother stock picking? We have to choose out of 550 companies a portfolio of 10 strong ideas, why not just pick a few strong […]
Read More →BMCL BMCL gains from political protest which has raised average passengers to 360,000 a day, +30%. The MD expects a good performance in 1Q14. The Mass Rapid Transit Authority of Thailand is preparing to sell bidding envelops for the Blue Line next month. (Khao Hoon, 28/1/14) Comment: At least there are some beneficiaries to the […]
Read More →The market rallied strongly towards the end of last week driven purely by the Banking and Telco sector. We have our doubts on Thai banks attaining double digit growth rates for 2014, there’s no more corporate income tax to help the profit growth as there was in the past few years, and loan growth looks […]
Read More →CSS CSS to penetrate telecom market in Myanmar to expand its revenue channels. It expects revenues for 2014 to reach Bt4bn supported by Bt700mn from a job for TRUE, plus backlog of Bt800mn. It is waiting to see if it will win a job to set up 1,500 poles for DTAC – results are to […]
Read More →Notable Transactions Buy(s) – THB 121 mn PS – K. Thongma keeps buying his shares TMT – Management has bought up close to THB 50 mn worth of shares Sell(s) – THB 11 mn n/a
Read More →What happened: Chu kai Plc (ticker: CRANE) announced on the 14th January 2014 a sale of land worth THB 500 mn. CRANE itself is leasing cranes that can be used in many industries such as construction, import and export, refinery plants, power plants, and petrochemical plants. Most cranes of The Company are good used cranes […]
Read More →On the 13th January, MC Group (ticker: MC)Â announced two new major shareholders, both are well known long-term investment group, Lombard through its investment vehicle, Mindo Asia Investment Ltd and NTAsian Discovery Fund. So what? Well both groups are run by smart fellows, Lombard is well-known within Thailand for its holdings in Ticon, CPN, AS, SAT, […]
Read More →