Banks seem to have picked up steam with analysts and investors believing that the worst is over for the sector. Agriculture has been on a run lately on the back of increasing commodity prices as well. Â Going forward we have earnings season starting! Fun times ahead
Read More →Bill Gross – Monopoly The latest paper from Bill Gross is focused on credit, credit growth and a usual critique of central bankers. So why bother with this? Well it’s a good concise argument that slow credit growth has led to sub-optimal global GDP growth and perhaps the original methods of running a central bank […]
Read More →Central bank laments lack of private investment — Thailand’s economic conditions are expected to improve in the second half propelled by public expenditure, but a low private investment ratio still constrains the country’s full growth potential, says a senior Bank of Thailand official. (Bangkok Post, 1/7/16) Department wants VAT kept at 7% for another year […]
Read More →AEONTS AEONTS issues debenture of Bt8bn which it will use to refinance and as funding to support its business. It reported 1H16 profit of Bt515.84mn supported by more credit card revenue. (Thun Hoon, 08/07/16) Comment: Still one of the best operators in town  AOT AOT has budgeted Bt194bn to develop its six airports over […]
Read More →CENTEL CENTEL plans to take over Thai Foods brand. It targets 2016 revenue to grow at 10%, driven by healthy tourism. (Thun Hoon, 7/7/16) GRAND GRAND plans to take over a prestigious hotel in Thailand. It expects to see healthy 2Q16 earnings, driven by booking from Hyde Sukhumvit 11 and hotel businesses. (Thun Hoon, 7/7/16) […]
Read More →AKR AKR is bidding for government transformer jobs worth Bt3bn and expects to get 10-15%. It expects to get solar job from EPC worth more than Bt400mn. This will support 2016 revenue to reach Bt2.5bn. It plans to expand to Indonesia and Vietnam. (Thun Hoon, 06/07/16) CHG CHG expects 2H16 earnings to double supported by high season […]
Read More →AP AP expects 2Q16 earnings to continue to grow, supported by its transfers. It expects 2016 revenue will hit target at Bt23.7bn supported by backlog of Bt12.9bn and the launch of 13 new projects. (Thun Hoon, 05/07/16) BIG BIG has opened its “WONDER PHOTO SHOPâ€, its first outlet for printing photos from smartphones. This has […]
Read More →AOT AOT is confident that FY2016 profit will be a new high. It reports 1H16 profit of Bt10.1bn supported by tourism recovery. It targets 2016 passengers of more than 12.5%. It will increase its investment budget to Bt194bn to develop six airports and increase non-aeronautical ratio to 50%. (Thun Hoon, 04/07/16) BJC BJC announces a […]
Read More →I remember 2015 being a year driven by local institutions, interesting that this year has been one driven by foreign institutions thus far.
Read More →Notable Transactions Buy(s) THB 22 mn n/a Sell(s) THB 206 mn MCS – The owner sells some 2% of shares in the market CK – Does K. Plew not believe that his company is worth more w/ all these infrastructure projects? CK
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