The latest cabinet reshuffle has quite a few interesting changes, some expected, some a pleasant surprise, others meh. Firstly the expected – Somkid in charge as a deputy PM – a positive given he “should” know something about how to boost an economy given his performance under Thaksin’s first term Pleasant Surprise(s) – Apisak Tantivorawong […]
Read More →AMATA AMATA expects to sell 200 rai of land in 3Q15. It plans to sell assets in Vietnam to AMATAR. It plans to hold a roadshow for AMATA VN around Oct-Nov, with listing on the SET in 4Q15. It is budgeting Bt2bn to invest in industrial estate Amata Vietnam. (Khao Hoon, 21/08/15) Comment: I personally think AMATA […]
Read More →Thailand Post performance in first half exceeds expectations – Thailand Post Co reported higher-than-expected revenue and profit in the first six months of Bt11 billion and Bt1.3 billion respectively, thanks to the rapid growth of its delivery service to serve the booming e-commerce sector. (The Nation,15/8/15) B3.4 trillion for projects over 8 years – The government has earmarked […]
Read More →BBL BBL says its loans grew less than its target of 3% affected by economic slowdown. Credit card spending for the first seven months grew 13-14% from target of 10%. It added 200,000 new credit card members. (Thun Hoon, 20/08/15) Comment: Strange to see BBL finally pushing into the consumer market with its credit cards, […]
Read More →ADVANC ADVANC maintains its 3% revenue growth target this year. The company plans to expand to the 4G network in 3-4 months if it wins the 4G auction. (Thun Hoon, 19/8/15) BAFS BAFS plans to raise this year’s revenue target in response to high demand. It plans to use Bt600mn CAPEX this year for business expansion. (Khao […]
Read More →AJD AJD and CTH plan to sell set-top boxes for Premier League football. They target Bt338mn in sales (200,000 set top boxes) within one year. It expects membership fees to drive revenue growth to 50%. (Khao Hoon, 18/08/15) Comment: CTH desperately needs to find a way to make money from its PL licenses, they are […]
Read More →The Thai market continues to wobble and is down close to 6% for the year in local currency terms, why? Last week the news was all China china china, oh and the continuing fact that Thailand’s economy isn’t performing well.
Read More →Nothing at all this past week! Notable Transactions Buy(s) THB 32 mn N/a Sell(s) Â THB 4 mn N/a
Read More →BANPU BANPU plans to boost sales in 2H15 and expects average coal price of around US$59 per ton. The company plans to expand its power business abroad with the aim of increasing its generating capacity to 4,000MW by 2020. (Khao Hoon, 17/08/15) Comment: The only thing we are all waiting for is it’s power IPO […]
Read More →Survey: Capacity at 55% in H1 – The weak global economy has led to declining orders from overseas importers, forcing Thai industries to cut their production capacity and overtime payments to employees, reports the Employers’ Confederation of Thai Trade and Industry (EconThai). EconThai’s survey showed overtime payments in the first half of this year dropped by 21.1% because of […]
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