BCP Investing to raise biodiesel output — BCP said it is will invest Bt1.3bn to increase its biodiesel production from 360,000 liters/day to 810,000 by 2015. (Khao Hoon, 29/08/13)  EA EA expects growth in biodiesel-solar business this year — EA will begin selling electricity from its solar farm in Nakhon Sawan, total of 90MW, […]
Read More →CHO CHO’s backlog reaches Bt550mn — Management said it will book revenues of Bt200mn in 3Q13 and Bt300mn in 4Q13, helping drive its revenue growth to reach its target of 20% this year. (Khao Hoon, 28/08/13) HMPRO HMPRO setting up property fund — HMPRO is to set up a property fund worth no less than […]
Read More →ERW Confident of meeting target growth — ERW is confident that revenues this year will reach its target growth of 15% as the business moves into high season in the second half. Profits grew strongly in 2Q13 after booking extraordinary gains on sale of assets to ERWPF fund. The company is also ready to expand […]
Read More →Well I think that the chart speaks for itself here, basic finance is that if the “risk free rate” increases then discount rate increase then valuations decrease..zzz..financial theory I know. But its true. Source: Bloomberg
Read More →Notable transactions There were quite a number of transactions on the buy side by owners/management in the past week, but not heavy in terms of the value bought Buy(s) THB 132mn BGH – This star performing has lost some steam in the past few months as its growth begins to level off NMG – Vice […]
Read More →The SET dropped sharply -7.5% last week with telcos and prop causing most of the damage, and for the market is finally negative again ytd, politics has remained benign but continued over evidence of Thailand’s slowing growth and the increase in yields in the US have resulted in mass selling across the region. […]
Read More →BJC Sets up Lao subsidiary — BJC said that the company has set up a new subsidiary in Laos named BJC-MPM (Laos) Sole Company Limited, registered on August 14th with capital of Bt103.53mn, to provide consulting service on trading and investment in Laos. BJC-Mpoint International Company Limited, a 51% owned subsidiary of BJC, holds 100% […]
Read More →Big shout out to Vincent Fernando @ Religare for keeping me updated on this. Essentially throughout the past 12 months earnings for the ASEAN region have been decreasing and dramatically over the past 3 months. Who say’s fundamentals don’t matter? When looking @ Thailand this has had us worried for months, while analysts may keep […]
Read More →PACE IPO’ed at THB 3.50/share earlier this month on the 7th August only to finish at THB 2.7/share on its first day down some -23%. Now how on earth can a company that doesn’t have any net profits to speak of be allowed to list on the stock exchange? Well the SEC enacted a ruling […]
Read More →Thailand MPC maintains rate at 2.5% again – The Bank of Thailand’s Monetary Policy Committee (MPC) will likely stand pat on the policy rate for the rest of this year after keeping it unchanged at 2.5% for a second straight meeting yesterday. (Bangkok Post, 22/08/13) MPC expected to maintain policy rate – Despite the slowdown […]
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