TET: Please explain the history of BGRIM. BGRIM: B.Grimm as a group has been operating in Thailand since 1878 and we have been at the forefront of infrastructure development in Thailand ranging from telecommunications to transportation. As an organisation we were and are exploring for businesses that suit our business culture. Thus in the mid-1990’s […]
Read More →ASAP ASAP is applying for a loan from local banks to expand its business. It plans to set up car parks for rent nationwide and a final decision will be made in October. It also plans to franchise “auto park” and the conclusion will be clear in 4Q18. Management expects 2H18 results to be good. […]
Read More →CHAYO CHAYO has set up a subsidiary to provide loans to borrowers in EEC in 4Q18. It will benefit from entering the Pico finance business after the Finance Ministry gave its approval. It expects 2H18 revenue to grow after acquiring debt from banks. It expects its debt portfolio to reach Bt39bn and targets 2018 revenue […]
Read More →Nothing much has happened post 2Q18 numbers. But its interesting to see the political rhetoric beginning to ramp up.
Read More →Notable Transactions Buy(s) THB 10.5 mn N/A Sell(s) THB 49 mn N/A
Read More →Bank of Thailand’s hawkish tilt adds another tailwind for baht. The Bank of Thailand is giving the baht — the most-loved emerging-market currency this month — one more reason to keep up its outperformance. Piggybacking on a strong current-account surplus, the baht has braved developing-market doldrums and topped returns among 24 currencies tracked by Bloomberg. […]
Read More →BA BA says it will miss its revenue growth target of 7-10% this year because of high fare competition. It expects 3Q18 results to grow QoQ supported by high season It expects passengers to grow by 4-6% this year. (Kao Hoon, 31/8/18) Comment: And they’ve been hit with the higher oil prices, but benefited from […]
Read More →AH AH expects 2018 revenue growth of 5% supported by the uptrend in the automotive industry. It expects to produce 2.08mn cars this year. It has budgeted Bt1.8bn to improve production and purchase robotic machines. (Kao Hoon, 30/8/18) Comment: Still am curious to see how their expansions into India and Vietnam play out. On paper […]
Read More →AMATA AMATA expects land sales to reach 925 rai this year as it already sold 350 rai. It is dealing with customers to sell several hundred rai, especially in the EEC. It expects to revenue contribution from recurring income to rise to 80% from 60% now. It is studying investment projects in Myanmar and Laos. […]
Read More →AOT AOT expects 2018 earnings to be a record high Bt20bn. 10M18 passenger pass-through grew 12%YoY. It proposes adding four airports under its management: Udon Thani, Sakon Nakhorn, Chumphon and Tak. It is waiting for cabinet approval, expected in September. (Thun Hoon, 28/8/18) Comment: What Phuket issue? Ignore the news regarding all this tourism rubbish, […]
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