Volatility reigns supreme these days in the financial markets and with the Fed meeting in the next week we have our doubts it will subside. The Thai baht itself has continued to weaken and passed 36 to the USD yesterday, and we wouldn’t bet against a further weakening for the rest of the year. Anything […]
Read More →APCO APCO expects 2H15 revenue to be better than 1H15’s Bt189mn on expanding via online and launching new products. It targets 2015 net profit of Bt118mn on the back of high margin product and cost control. (Khao Hoon, 08/09/15) Comment: And they are somehow launching a HIV/AIDS medicine as well. BEAUTY BEAUTY targets export to […]
Read More →ANAN ANAN plans to launch Bt9.8bn in new projects which will lift backlog from Bt34.3bn. 4Q15 earnings is expected to be the best this year. It expects 2015 revenue of Bt10-11bn. (Thun Hoon, 07/09/15) Comment: THB 34 bn of backlog as of end of ’15 seems like they are slightly lagging their plans AUCT AUCT […]
Read More →Consumer confidence hits 15-month low – The Ratchaprasong bombing, a dropping SET Index, and the sluggish economic growth in China beat down Thai consumer confidence to a 15- month low in August, with confidence in travel, investment and purchasing power hitting a 122- month low. (The Nation, 4/9/15) Economic stimulus set to boost premiums – […]
Read More →BCH Mid-east investor interested in BCH shares as it is a small-cap with strong fundamentals. It expects this deal to expand customers from the Middle East. (Thun Hoon, 04/09/15) Comment: A mini BH in the making perhaps? BDMS BDMS reports that G. Wasupol Co Ltd has transferred its business to BDMS. It plans to add […]
Read More →Bill Gross’ latest paper is out and here are some snippets. The Fed, however, seems intent on raising FF if only to prove that they can begin the journey to “normalization.†They should, but their September meeting language must be so careful, that “one and done†represents an increasing possibility – at least for the next six months. […]
Read More →BWG Investors are interested in buying BWG shares via PP. It expects 2015 revenue to grow 15- 20% backed by marketing strategy. (Thun Hoon, 03/09/15) Comment: Right…and we thought the SEC had crackdown on dodgy PP’s ESSO ESSO expects 2015 performance to be the best in three years after net profit reached Bt3bn in 1H15 […]
Read More →AOT AOT expects passengers of 89mn (+25%) in the first ten months of the year, implying there has been no impact from the bomb. (Khao Hoon, 02/09/15) Comment: There is an impact, but with the continued increase of mainland visitors (25% of all tourists), it’s incredibly minimal, by year end things will be back to […]
Read More →A deadcat bounce? The Dow Jones and the S&P both dropped close to 3% last night, Thailand’s SET was flat most of yesterday until the last hour where it dropped -1.5% and this AM we see the China has decided to drop another 3% at the open. The police pay themselves the reward of THB […]
Read More →The trends still haven’t changed in the past month, infact it has gotten stronger with 1) Foreign investors selling in August reps 1/2 of their selling this year; 2) Local institutions are the predominate buyers still w/ their buying last month 1/4 of their purchases of the year; 3) Retail investors their buying in august […]
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