BAFS 10% growth in fuel sales in November — BAFS reports fuel sales of 435mn liters in November, up 10% YoY. 11M13 sales increased to 4.49bn liters due to more flights. (Khao Hoon, 9/12/13) Comment: This company can essentially be seen as a bond that grows with the increased traffic at the Bangkok Airports ECF […]
Read More →BTS Expects extension to bring in 30-40% more riders — BTS says it expects the Silom-Bangwa extension will add 30-40% new users. VGI will get additional revenue from more commercial space. (Khao Hoon, 06/12/13) Comment: The addition of the extension is positive news for the co, went to check it, now the question is what […]
Read More →Well politics and foreign fund selling of the region continue, plus as we’ve stated for the longest time this year, valuations still are highish
Read More →Predictions for 2014 by the major investment banks have started floating around, local houses should be releasing them shortly too, so here are my intelligent thoughts: We will still have a silly amount of liquidity flowing around the world, tapering isn’t tightening, Japan is unleashing a massive amount, Europe may even use negative rates, so […]
Read More →With the continued political noise, holidays coming around and the market not being as buoyant as it was in the beginning of the year, a lot of the bigger ipo’s and IFF’s and property funds have been put off to next year, and of course politics doesn’t have an impact on the smaller names, it’s […]
Read More →Thailand Consumer confidence dips yet again – Consumer confidence hit a 22-month low in November due largely to political tensions and anti-government protests that held back spending. (Bangkok Post, 04/12/13) Rice: Corruption, yes, but not enough evidence — The NACC says there isn’t enough evidence to file corruption charges against all parties in the G2G […]
Read More →Ticon Industrial Connection Plc was established in 1990 to fill a need in the market for ready-built factories for lease. Ticon’s factories and warehouses are located in major industrial estates and in key areas in Thailand. Managing director Virapan Pulges discusses the company’s strategy and outlook. Virapan: Protests may hit property fund Please explain Ticon’s […]
Read More →EA 90MW generation this month — EA is confident that its solar farm will generate 90MW this month. It said that next year it will built a new plant in Lampang for another 90MW at a cost of Bt7bn. (Khao Hoon, 04/12/13) Comment: This is an incredible large solar farm, we doubt the long term viability of […]
Read More →Of things to note are the huge buy back by BGH’s main doctor Dr. Prasert @ THB 1.8bn and K. Keeree repurchasing shares of BTS, on the flip side its funny to see the majority of MEGA’s family shareholders selling out on IPO day. Note: For the monthly trades, we’ve decided to scale to […]
Read More →BMCL MRTA not to take rights — The MRTA board decided that it will not take its rights in BMCL’s capital increase and will allow its holdings to be diluted to 14%. MRTA’s CFO and financial advisors said that the decision will have no impact on the company’s management as it already holds the concession. […]
Read More →