ABC ABC’s financial statement reported sharp decline in net profit in 2Q14 due to the slowdown in the property market. It expects the use sale of idle land to repay debt. It is assessing the electronic business and will do a road show with a partner. (ASTV Daily Manager, 29/08/14) AS AS expects improving earnings […]
Read More →BEAUTY BEAUTY expects growth in 2H14 and maintains 2014 revenue growth target of 30% YoY as purchasing power continues to improve. The company expects to add new branches overseas to increase growth. (Kao Hoon, 28/08/14) Comment: BEAUTY is definitely the fastest growing cosmetic retailer in Thailand today CCP CCP expects revenue growth of 10% in 2014, excluding […]
Read More →An interesting piece in the past week’s Economist regarding Thailand and it’s relationship with China. Â My viewpoint on Thailand’s relationship with China is that no matter what the Economist says China plays a damn important role in Thailand’s future on the economic front, (1) today Chinese tourists are already represent the highest %age of all […]
Read More →AJ Management expects good performance in 2H14 after 2Q14 earnings of Bt13.71mn, up from a net loss in 1Q14. It plans to add value-added products and increase high-end clients overseas, supporting profit margin. It expects to be in the black in 3-5 years. (Thun Hoon, 27/08/14) Comment: This company has been losing money for the […]
Read More →Because alternative energy will now play a larger role in Thailand’s energy plans and solar will be a large player in this, More solar power projects coming to Thailand. The issue is that Thailand is still a small player in the global solar industry, should there be a shortage of panels well that could hurt […]
Read More →Thailand Ministry of Finance to propose 8% wage hike for civil servants in October. According to the original proposal, the plan wage increase would happen in April 2015; however the permanent secretary wishes to move it forward. This will increase government spending by about Bt20bn. (Post Today, 22/08/14) G2G sale to Philippines ditched — Thai […]
Read More →With the official confirmation of Prayuth finally done there’s a speculated list (most likely a very accurate one) done by the Thai media, here’s a list of the names I can’t really comment much on the list but there is only thing I want this government to do, stamp out corruption, yes I know it sounds […]
Read More →With the changes to the Power Development Plan (PDP) for Thailand, alternative energy projects are becoming more prevalent with an increase in weighting from 19% to 25%, and this explains why names such as SPCG, DEMCO, EA, UAC et al have been performing very well, see below for a quick summary.
Read More →BGH Subsidiary sells shares in Save Drug — BGH says wholly owned Royal Bangkok Healthcare Co, Ltd. has signed an agreement to sell all shares of Save Drug Center Co, Ltd., for Bt380mn. (Kao Hoon, 21/08/14) BLAND BLAND expects to sell the first REIT (for Impact Arena and Convention Center) worth Bt20bn on 8-19 September […]
Read More →Andddddddddddddddd, no surprise. He got unanimous 191 votes by the National Legislative assembly. The NLA president and two vice presidents abstained. The result was officially announced at 10:53 am. He was elected in a roll-call vote. NLA Tuang Nanthachai nominated Prayuth and the nomination, which was made at 10:23 am, was endorsed by 188 NLA […]
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