BCH BCH signals strong 2H17 performance, driven by revenue from Social Security patients and better performance at WMC. (Thun Hoon, 27/7/17) Comment: WMC had been a drag on BCH ever since they launched it 4-5 years ago. The market is still betting on a turnaround in #’s something that has yet to be sustainable. BCPG […]
Read More →BPP BPP is expanding in both domestic and international markets. It bought a 28MW solar farm in Japan. It plans to invest US$82mn in 2H17 in both M&D deals and auction in order to underwrite long-term growth. (Thun Hoon, 26/7/17) EARTH SET asks EARTH for more detailed explanation. The SET is responding to the company’s […]
Read More →AOT Suvarnabhumi rental to be finalized in July, to take effect in Jan 2018. (Khao Hoon, 25/7/17) GOLD GOLD revised up its sales target to Bt18bn from Bt20bn. 1H17 presales were Bt11bn. It will launch 10 projects in 2H17. The yearly target is 15 projects worth Bt14.3bn. Overall, it thinks the real estate market in […]
Read More →And so the bank earnings came out with a general disappointing trend across the board. The next 3 weeks will be fun as every other company will be releasing their 2Q #’s by mid August. Is there anything else interesting? The THB has continued its recent strengthening trend and finally the electronic manufacturing names are […]
Read More →Notable Transactions Buy(s) THB 134 mn BLAND – And he’s still buying. TMC – Rather strange, the Chairman and another director bought 15% of the company, and the stock price has jumped through the roof, what’s the story here? Sell(s) THB 112 mn ECF – 6% of the company was sold to..?
Read More →BCPG BCPG to invest in power plant business in Indonesia. The production power is 182 MW. It will record revenue in 3Q17. (Thun Hoon, 24/7/17) Comment: I do often worry about Thai companies buying commodity/power assets in Indonesia…but should this be a genuinely good purchase it does add to the theory that BCPG benefits as a state […]
Read More →Bt15bn to be injected into communities. THE National Village Fund plans to inject Bt15billion into the grassroots economy next month in a bid to shore up consumption in rural areas amid declining prices for farm products and rising household debt. (The Nation, 18/7/2017 FTI: Car exports to disappoint for 2nd year. Vehicle exports are likely […]
Read More →Everyone once in a while there’s a comment that there is going to be a bond crisis in Thailand, I just don’t see it. Here’s the issue with these BE’s They are junk companies. They were able to get paper financing at rates lower than bank financing (IFEC with single digit cost of funding for […]
Read More →BANPU BANPU to invest USD350mn in the gas, power plant, and mining businesses. It is ready to develop a five-year plan. ( Thun Hoon, 21/7/17) BCP BCP approved a JV with KSL by a subsidiary. This is to strengthen its ethanol business. The process is expected to be done within October. (Thun Hoon, 21/7/17) Comment: […]
Read More →The change in the petrol retail industry in Thailand was first started by PTT Group when they constructed the first half decent stations with retail outlets, coffee shops, f&B etc, over a decade ago. Following on from this the other players, i.e. Shell, Esso, Bangchak did try to follow suit but never really took off […]
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