AIRA sells 20% stake in leasing unit to NEC Capital, an affiliate of Sumitomo Mitsui Finance & Leasing co. Comment: Just looking at their numbers you can see that the company has to raise capital. AMATA sets 950 rais land sales target next year, sets Bt4-5b capex.BBL, KBANK, KTB and TMB delay plan to purge […]
Read More →Notable Transactions Buy(s) THB 128 mn TFG – He has been buying back his shares for as far back as I can remember. THG – And he’s buying his shares, did they go public just to remove the private minority shareholders and buy back shares in the market? He’s been buying since his IPO regardless […]
Read More →MPI increases for 6th straight month: Thailand’s manufacturing production index (MPI) in October dipped by 0.54% year-on-year, but authorities believe domestic industry is approaching its pre-outbreak momentum as monthly MPI has been rising since May. Bangkok Post Kingdom signs deal to secure vaccine: Thailand officially signed an agreement yesterday with AstraZeneca securing the kingdom’s access […]
Read More →AH will turn profitable this year, supported by solid 4Q, expecting Bt5b sales, on par with 3Q, in-line with industry. AH upbeats FY21 earnings from recovery parts orders, will kick-off transfer of Bt1.5b EV parts order next year, eyes 10-15% revenue growth target, margins no less than 10%. Comment: EV isn’t a story for AH […]
Read More →CPF sees the highest net profit in 10 year this year. after recording Bt19.6b in 9M20, while expecting to book Bt2b gain from acquisition of swine business in China. Comment: One and done. CRC expects to return to pre-covid next year, while acquisition of COL will boost overall revenue up 4-5%, sets Bt10b capex for […]
Read More →ASIAN sets Bt400m capex to revamp foods production line and debottleneck capacity, aiming to boost profit margins from higher productivity, efficiency, lower SG&A from less labor costs, eyes M&A pet food producer to boost inorganic growth. Comment: Their Pet food business has been the key driver for the past 1-2 years. GGC reports cod of […]
Read More →AAV sees 4Q average load factor back >80% from 65% in 3Q, Chiangmai, Chiang Rai & Nan logged 90%, 42 aircrafts out of 62 entire fleets on operation, 4Q ticket price QTD +10-20% from Bt996/ticket in 3Q. Comment: Yup though ticket prices are far higher than 996 on the weekends. Rumours have it though that […]
Read More →So this 3Q20 #’s were finally finished just over a week ago. Here are some quick #’s: SET 3Q profit was -31% YoY, +23.7% QoQ, 9M was -50% All major sectors excl construction and transports improved QoQ 5/27 sectors grew YoY, QoQ & 9M 147/778 companies (SET & MAI) grew their profits & eps both […]
Read More →COM7 sees record high 4Q, thanked to newly launched iPhone 12, boosting FY20 revenue up 10% yoy, targets 10% growth for next year, sets Bt400m capex for new branches, automation and new business. Comment: You can buy the new iphone on a 3 year installment plan…..what does that say about consumers’ ability to spend? GUNKUL’s […]
Read More →Notable Transactions Buy(s) THB 154 mn THG – With this new shareholder buying, does it mean that THG will finally have bottomed? Or is it just going to be a shift in the management structure of the firm? Sell(s) THB 85.8 mn SFT – The CEO sells ~2% of shares post IPO
Read More →