Household debt up sharply: Reckless policy and slow growth at fault. Average household debt in the year to date has risen by 20.2%, the highest growth in nine years, according to a survey by the University of the Thai Chamber of Commerce (UTCC). (Bangkok Post, 16/9/16) Â BoT watch on foreign bondholders. The Bank of Thailand […]
Read More →BAY BAY expects 2016 auto leases to reach Bt133bn. It has raised its loan target to Bt279bn after expanding its services to the eastern part of the country. (Thun Hoon, 16/09/16) Comment: The moment that BAY increases the free float i wouldn’t be surprised to see the stock price increase based purely upon fund flow […]
Read More →AOT Suvarnabhumi expects bids by October – The long-awaited expansion of Suvarnabhumi airport is slated to have an auction for contractors in October, with construction starting by February, says president Nitinai Sirismatthakarn of the state-controlled Airports of Thailand (AoT). (Bangkok Post, 15/09/16) BEM MRTA will negotiate with BEM for the Blue Line extension, Chaloem Ratchamongkhon […]
Read More →AQ AQ sold 100% of AQ ALIX which generated revenue of Bt670mn. It plans to launch a new housing project at the end of 2016. (Kao Hoon, 14/09/16) BCPG BCPG set its IPO price at Bt10, the top in the price range, in response to good institutional investor interest. It expects to trade in September. […]
Read More →AOT AOT opening bidding for four contracts for Suvarnabhumi Phase ll. It expects to solicit bids for two contracts this year and will sell the bidding documents in October. It expects to raise its passenger capacity to 60mn passengers per year from 45mn passengers per year now. (Thun Hoon, 13/09/16) Comment: Having just returned from […]
Read More →BANPU BANPU expects 3Q16 net profit to be better than 2Q16’s Bt281mn thanks to higher coal price. It plans to invest in solar rooftop by negotiating with IEs, department stores and residences. (Thun Hoon, 12/09/16) BRR BRR’s board approved setting up an infrastructure fund for the power business of its two subsidiaries (Buriram Sugar and […]
Read More →Notable Transactions Buy(s) THB 273 TU – The owner decides to pick up a fair amount of shares BTW – looks like a block trade between shareholders Sell(s) THB 245 IFEC – Does he not believe in IFEC’s dream to somehow do everything despite not having the capital? BTW – see above PT – A rare […]
Read More →Well that was rather fortuitous. At the beginning of last week I wrote that I hate the month of September, and this has year been no different with some -6% knocked off the SET so far this month. Granted I personally may be influenced because I still remember the times of ’07 and ’08 regarding […]
Read More →I enjoyed reading this speech from the now former head of the RBI, it does give a quick insight into the thinkings of a central banker. To bolster the value of the rupee, we had to give investors more certainty that future inflation would be low. After all, it was primarily India’s higher inflation with […]
Read More →Â Fixing of structural issues urged. THE ECONOMY has the potential to grow by 4.5-5.5 per cent a year if the country addresses hindering structural issues, said Bank of Thailand Governor Veerathai Santiprabhob. (The Nation, 7/9/16) Nod for Gold Line monorail, but impact study requested. THE BT3.8-BILLION Gold Line monorail project for western Bangkok along the […]
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