AGE AGE plans to increase export portion to reach 30% supported by orders from China and a JV with a partner in Vietnam. It expects 2017 sales growth of 20% from 2.2mn tons this year. It expects 2017 revenue will better than 2016 thanks to coal price recovery and more orders. (Thun Hoon, 28/10/16) ALLA […]
Read More →Note: The interviews are now in both english & thai, links below! By :Mr. Chotic Russamitinakornkul Position: Chief Executive Officer Please explain the history of BTW We started in 1987 when Thailand was in the early stage of national petrochemical development. This led us to enter the piping industry. As the oil and gas and […]
Read More →BRR BRR expects 2.3-2.4 mn tons of sugarcane to go into its mills in the 2016/1017 season. Sugar prices are now at a four-year high. It targets brown sugar production of 260,000-270,000 tons.(Kao Hoon, 27/10/16) Comment: I’ve been writing the same thing for a few months now, I’m thinking its time for the sugar co’s […]
Read More →CWT CWT Board approves subsidiary purchases. The board approved budget of Bt133.96mn to have subsidiary CWTG acquire 60% of ARW and hold 5% in APCON. It has approved the purchase by subsidiary KCG of land for a building biomass power plant. (Kao Hoon, 26/10/16) Comment: I still remember being told by a client years ago […]
Read More →BAY BAY reported 9M16 profit of Bt16.2bn, up 20% YoY after it acquired HKL and expanded to ASEAN as planned It plans to raise its 2016 loan growth target to 8-9% from 5-6%. (Thun Hoon, 25/10/16) Comment: With the japanese as the major shareholder we are thinking they may go on a massive asset expansion […]
Read More →So that week is finally over, the market has regained some strength with continued buying by local institutions (interesting that everyone else i.e. retail/foreign investors are selling post the strong rebound). It is earnings season again, 3Q16 numbers have started coming out of the finco’s and aside from TISCO being able to perform well (by […]
Read More →Notable Transactions Buy(s) THB 10.7 mn N/a Sell(s) THB 431.3 mn PACE – Didn’t he just buy a serious amount of shares not too long ago? Cashing out to prepare for a future PP/capital increase perhaps? HOTPOT – This is the sale of shares to TFD and the owner of TFD most likely STAR – […]
Read More →The Thai stock market has been rather volatile because rumours of the King’s health in September and his unfortunate recent passing. A lot of questions were asked throughout the market regarding how on earth did the market rebound so quickly the day of the event. Some say it’s a “Sell the rumour, buy the fact” others point […]
Read More →Fed’s Yellen sees benefits in letting inflation exceed central bank’s 2% target. It may be wise to run a “high pressure†economy with a tight labor market to reverse some of the negative effects of the Great Recession, Fed Chairwoman Janet Yellen said Friday. (Marketwatch, 15/10/16)  Consumer Sentiment in U.S. Unexpectedly Drops as Outlook Sours. […]
Read More →AGE AGE expects 2H16 earnings to grow thanks to a strong rise in coal price. It expects coal sales volume of 2.2mn tons in 2016. (Kao Hoon, 21/10/16) BBL BBL reported 3Q16 net profit of Bt8.06bn, growth of 12%, with 9M16 net profit of Bt23.55bn, down 11% YoY. (Post Today, 21/10/16) BIG BIG signed a […]
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