JKN moves from MAI to SET from today. OSP sets double digit growth for next year, and Bt2.5b capex to boost efficiency and explore new markets. Comment: Basically they are doubling the capacity of the Vitamin C drink. TASCO to book Bt179m insurance claim in 4Q, still have enough crude to feed Malaysian refinery until […]
Read More →CPALL sets to boost overall 7-11 stores to 13,000 by next year. CPN sets Bt400m promo budget to boost traffic in malls by 20%, hoping that overall this year would be close to 95%. MAJOR may see recovery in 4Q on cost control, and turn profitable again next year from lineup of blockbuster films throughout […]
Read More →ADVANC to accept bookings for iPhone 12 on November 20 and official launch on November 27, hoping to boost 5G subs to 1m next year. Comment: Looks like the 30,000 baht scheme from the government will go into Apple’s pockets… JKN will move from MAI to SET from Nov 12, 2020. Comment: I wouldn’t be […]
Read More →ALLA to bid for 2-3 power plants’ crane projects, worth Bt100m each, results in 2Q21, in talks with potential JV in solar cells business. BTS and STEC under BSR Joint Venture mulls bidding for Bt122b West Orange Line, while BEM will bid alone. Comment: BEM is basically CK… INTUCH’s lawyer up and in the process […]
Read More →I still hold to the viewpoint that everything is going to look better QoQ until 2H21, and as such the markets will rally. In Thailand – the protests are priced in, hence the drop in the past 2-3 weeks plus the usual regional fund outflow. It’s earnings season time, latest one today is CPN which […]
Read More →BAM may report strong 3Q at Bt1.76b, +100% yoy, and may book Bt1b gains from asset sales in 4Q, Tabloid. Comment: Highly possible given that nothing really happened in 2Q20 BTS’s Bt8.6b green bond were 3.3X oversubscribed. Comment: Going down the ESG route. HMPRO sees less than 20% drop in profit this year, plans one […]
Read More →Notable Transactions It is earnings seasons and therefore quiet in terms of management transactions until the 15th November. Buy(s) THB 7.7 mn N/A Sell(s) THB 8.5 mn N/A
Read More →US trade move ‘won’t hurt Thai exports’: GSP suspension imposes ordinary tax rate. The Commerce Ministry insisted yesterday the announcement by US President Donald Trump to suspend preferential trade benefits for 231 Thai products under the so-called Generalized System of Preferences (GSP) won’t much affect Thailand’s export to the US. Bangkok Post Phuket chamber lobbies […]
Read More →JKN expects positive earnings momentum continued in 4Q from strong media contents sales, tailwind from home shopping and health supplement products (C-Tria), aiming to scale back content sales revenue to 70% from 90%, commerce & others 30% to diversify risk. Comment: Well let’s see how far this can go. They don’t have the network that […]
Read More →APCO upbeats 4Q sales after tap in online channel, aiming to expand market share from Bt 20b TH health supplements market, firms on 15% revenue growth this year. BH reported Bt221m, -80% yoy; missed Bt426m consensus. Comment: Or it grew 4x QoQ, annualise that and its cheap!! *note the sarcasm EA’s first shipment of energy […]
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