BIZ BIZ announced 1Q17 earnings of Bt4.12mn, growing from 1Q16’s Bt0.39m, driven by higher sales and lower cost. It plans to launch new products. It plans to continue transferring Bt350mn in work on hand. (Thun Hoon, 17/05/17) Comment: I am curious to hear about this business BRR BRR reports 1Q17 net profit growth of 221% […]
Read More →AOT AOT reported 2QFY17 earnings of Bt6.47bn, up 17%. This brought 1HFY17 earnings to Bt11.49bn with 65.59mn passenger pass-through. (Kao Hoon, 16/05/17) Comment: What tourism slowdown? Only 5% of the Chinese have passports, just imagine if 10% have passports (note for US citizens its about ~35%-40% depending upon which stat you look at) ARROW ARROW […]
Read More →BEAUTY BEAUTY reported 1Q17 revenue of Bt687.53mn, up 29.7% with net profit of Bt199.65mn, up 54.5% on the back of better sales at each distribution channel. It continues to expand both at home and abroad and also plans to distribute to King Power and 1,100 7-Eleven stores. It plans to expand to an online channel, […]
Read More →AIT AIT says it is ready to take part in system management projects both private and public. It got two Village Internet projects worth Bt850mn in 1Q17. This increases its work on hand to Bt3bn as of May 9. It expects to book Bt2.3bn this year and rest next year. (Post Today, 12/05/17) Comment: It […]
Read More →AAV AAV reported 1Q17 net profit of Bt570mn, down 43% due to higher fuel cost. Its revenue was Bt9.1bn, up 2% on 8% passenger growth and 89% loading factor. (Kao Hoon, 11/05/17) Comment: How much better can this company perform? It’s effectively running at full load, the only thing that they can do different is […]
Read More →AGE AGE expects 2017 revenue to grow 25-30% on the back of robust earnings for the first four months of the year. It continues to expand to China and expects exports to comprise 30% this year. (Kao Hoon, 09/05/17) AMC AMC plans to launch new products to boost 2017 revenue to growth of 10-15%. It […]
Read More →ASAP ASAP expects 1Q17 net profit to reach Bt29mn, up 60%, brought by more cars for rent. It expects profit in 2Q17 to continue to grow. (Kao Hoon, 08/05/17) Comment: With KCAR becoming popular again (seems to happen 1x a decade) I’m not surprised to see that ASAP may benefit from additional news flow despite […]
Read More →Portfolio construction – Weighting I think valuation is one of the easiest parts in finance but just like everything else there is no real answer as to what a company is worth because it is a market and there are multiple types of buyers/sellers, you have cashflows, but then one can layer on brand value, […]
Read More →Ministry of Transportation to propose a Bt340bn increase in 2018 budget to the cabinet next week in order to fund megaprojects, i.e. two motorways and four airport improvement projects which include the development of 28 provincial airports. (Matichon, 2/5/17) Consumer prices up for 13th month. Consumer prices, which gauge the country’s inflation rate, rose for […]
Read More →BCPG BCPG expects 2Q17 performance to continue to grow from 1Q17’s Bt454mn on the back of higher Ft and additional 130MW in power generation in Japan. It continues to invest in power plants in Japan. (Thun Hoon, 05/05/17) DTAC DTAC is partnering with Netmarble to launch Lineage 2 Revolution in Thailand. It targets 1mn […]
Read More →