Energy/resources were finally a support for the market last week. But the main theme remains that foreign investors are still selling out of Thailand and the region as a whole. This week the only interesting thing is that the Ministry of Finance is meeting, however we doubt anything will happen except for further downgrades on […]
Read More →BBL: Expects good 2Q13 earnings. BBL is forecasted to report good earnings of over Bt10b in 2Q13 (up 15-18% yoy). Key drivers will be a pick-up in loan growth, stable NIM, strong fee momentum (backed by wealth management and bancassuarnce) and stable credit costs. (Source: BBL) Comment: Every bank will have a good 1H13 but […]
Read More →Now I prefer not to jump on the bandwagon about Thailand’s rotten rice scheme thus far, agricultural subsidising is a common practise throughout Europe and the US and its become a noisy issue in Thailand because of Thailand’s loss of its number 1 exporter status, Moody’s calling it an issue (do people still listen to […]
Read More →Thailand Car scheme blamed for slow growth — Narongchai Akrasanee, a member of the BoT’s MPC, estimates the country’s economy will grow by just 4% this year as domestic consumption ebbs. Thais’ ability to spend has been curbed, as many are obliged to service loans for cars bought under the government’s first-time car buyer scheme, […]
Read More →CKP CK Power starts to operate Bang Pa-in plant commercially — CK Power Plc commenced commercial operations at phase 1 of its Bang Pa-in cogeneration power plant on June 28. (The Nation, 05/07/13) MCOT MCOT in deal to broadcast selected EPL matches — The board of MCOT Plc, the broadcaster of Modernine TV, is seeking […]
Read More →Glow Energy Plc (GLOW) is a group of energy companies with core businesses in generating and supplying electricity, steam, clarified, dematerialised and chilled water to customers. It has a generating capacity of 3,182.55 megawatts of electricity, 1,206 tonnes per hour of steam and 3,400 refrigerated tonnes per hour of chilled water. SET-listed Glow is 69.11% […]
Read More →According to Bloomberg, Thailand still ranks as the #1 destination for Medical tourism… Source: Bloomberg … a quick look at Bumrumgrad Hospital (ticker: BH) revenue contribution for the past 2 fiscal years demonstrates how important medical tourism is to the hospital industry here in Thailand. Source: Bumrumgrad Hospital 4Q12 Report
Read More →Notable Transactions Buy(s): THB 194 mn GFM – Continuation of a shift within the family holdings PPP – Hmmm..the chairman/CEO purchases nearly THB 50mn worth of shares Sell(s) THB 93 mn GFM – See above SIM – President sells THB 24.5 mn worth of shares, well SIM has been trading as high as 75x P/E, […]
Read More →Amata: Still confident of EIA backing. Amata Corporation is confident the environmental impact assessment (EIA) for its 3,500-rai expansion at Amata Nakorn Industrial Estate will be approved this year, ending a long dispute with communities. The company maintains the land sales target of 3,000 rai in 2013, up from 2,800 rai last year. (Source: Bangkok […]
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