AH sees better 2H frm higher auto-parts sales and consolidation of SGAH, boosting overall rev grwth to >10% t/g.Comment: That story is over and played out, the global automotive industry is struggling. BBL said its plan to cut deposit rates won’t hurt performance, firms on 3-4% loan grwth this yr, trades Bt2 XD Sept 4.Comment: […]
Read More →So his latest letter is out and this time a lot of the focus on is geopolitics and US politics from discussions between Blackstone and their clients. I’ve put the whole letter below as it isn’t available on Blackstone’s website but one can easily subscribe to this letter’s from there. Enjoy! Plenty to Worry About, […]
Read More →BDMS anticipates solid 3Q from seasonal, higher contribution of specialty clinics, re-price room rates, absence of major investment, additional capacity from 172 beds Bangkok International Hospital (BIH) cod in Jul, newly launched Movenpick BDMS Wellness Resort cod 200 rooms in Jun, additional 293 rooms to open in Sept. Comment: I am curious to see how […]
Read More →Cash splurge to boost economy : Govt to put B316bn into people’s pockets . The economic cabinet has decided to inject another 316 billion baht into the economy through a new stimulus package and remains optimistic that economic growth will be more than 3% this year despite the sluggish global outlook. Bangkok Post Third phase […]
Read More →ANAN: kick-off promo event, Urban Expo, Aug 23-25, aims to purge inventories from 32 ready-to-move in project. Comment: Expect to see a drop in their GPM’s BBL: mulls to revise measures to curb credit card NPLs, sees soured loans from those who has no pay slip climbed (self-employed, online vendor & SMEs). SIRI: cut FY19 […]
Read More →AP: report 7mth presales at Bt 24b account for 57% of Bt 41b full year target, target new launch 17 projects (8 SDH, 9 townhome) worth Bt 26.8b for remaining 5 months, Bt 15.52b out of Bt 54.89b backlog to realize this year, maintaining Bt 35.9b FY19 revenue target. Comment: That’s impressive. ERW: to open […]
Read More →BTS-GULF-STEC-RATCH (BGSR) consortium wins Bt 40b O&M motorway contract for Bang Pa In-Nakhon Ratchasima & Bang Yai-Kanchanaburi routes. Comment: And boom! Interesting to see GULF join this consortium in addition to the relationships they have with PTT it looks like their fingers are in every pie ORI: to open 2 hotels under InterContinental Hotel Group […]
Read More →ECL expands commercial auto hire-purchase business, to capture demand from logistic segment, maintain Bt3.6b full year loan growth target, will wrap up M&A insurance broker before year end. Comment: I still find this to be a rather strange company in the way they operate multiple businesses under 1 roof. HUMAN to wrap up 3 JV […]
Read More →So we’ve had the pullback…now what? I still think banks are a big question mark given the continuing decline in ROEs. The tech sector which is effectively True, Advanc and DTAC…cash flow, capex management game to maintain their dividend yields…I wonder what consolidation we can see here, i.e. who will eventually take out JAS for […]
Read More →Notable Transactions Buy(s) THB 112mn MTC – A director makes a big buy here MINT – The COO of MINT makes a YUGE purchase, this is the first time in years that I’ve seen management (i.e. not the owner) make a purchase Sell(s) THB 80mn AUCT – Owner dumps THB 60 mn, probably in a […]
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