BTS rpts FY19 (eo-Mar) at Bt2.87b -35% yoy, topped Bt2.79b consensus. GUNKUL signs underground wiring pj worth Bt5.14b, lifts bcklog above Bt7b, eyes 30% rev grwth t/g. MINT in 2-day wait after it appealed with AOT to reconsider its bid to manage commercial activities in Suvarnabhumi airport, but insisted that its prospects have not change […]
Read More →AMATA: anticipates recovery IE land sales 2Q from migration of production-base to TH from China, 70% of Bt 3.7b backlog to realize this year, in talk clients to sell 280 acres land, maintain 402 acres full year target. Comment: What EEC story? BEC: sees 2H turnaround as costs drop aft return 2 DTV licenses, seeks […]
Read More →Notable Transactions Buy(s) THB 104 mn UREKA – Not sure what the director sees here unless there’s a turnaround on the horizon Sell(s) THB 99 mn HMPRO – That’s another massive sale (THB 82 mn) by the Chairman
Read More →And so, the quick recovery from the beginning of the year has almost full retraced. The sectors (resources and services) are the two holding the market. Earnings for 1Q19 were average..again..and politics is still the same basketcase. I still hold out for 2 scenarios 1) weak coalition government with a ridiculous amount of infighting leading […]
Read More →Draft windfall tax on EEC agenda : Agency to discuss details of levy with Finance Ministry soon. The Eastern Economic Corridor (EEC) Office plans to talk with the Finance Ministry soon about a draft bill on taxing windfall gains to collect capital gains tax from companies, property owners and speculators that are expected to gain […]
Read More →BAY appoints former MUFG NY executive, Seiichiro Akita, to be president & CEO. BPP maintain full year EBITDA target >Bt5.91b FY18, will cod additional 71mw in 2H, 1,320mw coal fired pp & 80mw Vietnam windfarm to cod next year, in talk partner to develop 400mw solar projects in Vietnam, expects to wrap up by end […]
Read More →EGCO starts EIA on project to develop land in Rayong PP into industrial estate to cater for EEC investment. PF reports Bt5b sales 4M19 from 3 new launch SDH projects, will launch additional 14 pj in 2H (1 condo, 13 SDH), focus mid & high-end segment, maintain Bt19b full year target, Bt5b out of Bt6b […]
Read More →DELTA teams up Nissan to provide EV home charging systems and after sales services for Nissan Leaf users. Comment: Good for Nissan, sure; good for delta? I have my doubts ITEL said Bt5.7b existing backlog to drive revenue growth by 30-40%, to boost domestic revenue and keep expanding oversea. JUBILE sees growth momentum into 2Q […]
Read More →Some will blame Trump, some will blame China, some will blame the government, some will blame the valuations, some will be blame the religious deities. I will just say look at the numbers.
Read More →Notable Transactions Comment: Whilst there are no major transactions (north of THB 20mn) this is the period since the beginning of the year where they have been several transactions by insiders Buy(s) THB 120 mn n/a Sell(s) THB 16.mn n/a
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