Still watching the earning’s no surprises thus far. Bangkok is extending it’s lockdown for another week. Likely to remain until you see the “positive case” figures decline back to xxx levels. Although I thought there was enough evidence proving that the negative impact of lockdowns outweigh positives. I’m going to keep banging on about commodities, […]
Read More →2 days of public holidays and 1Q21 earning’s season = limited buying/selling. Notable Transactions Buy(s) THB 0.7 mn N/a Sell(s) THB 106 mn KBANK – One of the board sells a chunk.
Read More →TH April Manufacturing PMI 50.7 vs 48.8 in March; year ago 36.8. Jabs, rising exports may boost GDP: Expansion could reach 3% for 2021. A new state-private vaccination plan and good export prospects may help Thailand secure 1.5-3% GDP growth this year despite economic uncertainties caused by the third wave of Covid-19, says the Thai […]
Read More →DMT: tollway operator, Don Muang tollway, debut IPO 140m shares at Bt16 apiece. Comment: Nothing sexy here, though perhaps they could make a story in the future about setting up an infrastructure fund with this asset. PTTEP: upbeat 2Q earnings from higher average gas sales volume above 416kbpd supported by Oman block 61 projects, targets […]
Read More →AUCT: anticipates recovery traffic at auction yard 2Q onward as repossessed vehicles mounting on third wave of pandemic, expects wider margins this year from lower SG&A and online auctions, upside from partnership with leasing & distressed assets management partners (ECL & CHAYO). Comment: CHAYO is the interesting play here, they have access and now a […]
Read More →IVL: expects big jump this year from recovery demand for PET on improving consumption, strong demand for technical fibers for PPE, med supplies and auto parts, stock gains boost earnings. Comment: Where’s the next M&A for this cookie munsterrrrrrrrrrrrrrrrrrrrr?! ORI: reaffirms solid turnaround 1Q from completion of 2 condos and transfer of ready to move […]
Read More →Here’s the dirty little secret, local restaurants, coffee shops, retail have zero impact on GDP. If they’re shut down, it doesn’t show up in the #’s. I have a simple viewpoint regarding the markets still, it hasn’t changed much. Some trends come and go but the supply chain issues will last for the rest of […]
Read More →Notable Transactions Buy(s) THB 5.7mn N/a Sell(s) THB 11.5 mn N/a
Read More →TH General Insurance Association sees Covid insurance policies exceeded 10.65m, 100k-200k policies sold/day, April Covid claims alone 5x above Bt77.3m FY20 entire year claims. Export target likely to exceed 4% after Q1 bump: The Commerce Ministry plans to upgrade its export growth forecast to more than 4% after Thai export value in March recorded 8.47% […]
Read More →ANAN inked deal with local crypto broker (Bitkub), allowing property buyers to make purchase with crypto via Bitkup wallet. Comment: More positive for Bitkub than for ANAN BPP to start recognizing Bt220-250m p.a. revenue from its 13.4% stake in the Nakoso IGCC PP from 2Q21, on track to expand investment in the US, China, Japan […]
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