NOBLE targets launch plan for 11 projects total Bt45b, target topline >Bt11b Comment: And yet we hear they are having to selling off buildings/units to the distressed funds. Then again who cares? They’ll get the capital back, retire the debt and reinvest into a new project in a “better location” PRM anticipates strong OCC on […]
Read More →MGT: allots Bt200m budget for M&A, aiming to branch out from industrial chemical to F&B, pharmaceutical & cosmetics chem solutions eyes 20% revenue growth target. Comment: Why don’t they just say they’ll do cannabis and watch the share price rise 20-30%? MINT: board approved issuance 2 tranches of warrants total 341.26m units to existing holders […]
Read More →How lucky was the SET to be closed last Friday whilst the whole region dropped 1-3%? All earnings are out and well, aside from what was expected i.e. non-finco’s, staples, the rest were rubbish YoY. Starting mid year when 2Q #’s are out you’re going to be amazed by the performance. Gene therapy, eh-hem, I […]
Read More →Notable Transactions Buy(s) THB 18 mn N/a Sell(s) THB 90mn SIMAT – The Vice Chairman sells off a block of shares (~1.90%) Now that earnings season is over, I expect to see more management buying/selling this coming week/month
Read More →TAT wants vaccine passport policy: Long-haul market slipping from grasp. Thailand should have a clear-cut plan on a vaccine passport by June if plans to reopen the international market by the fourth quarter are kept, according to the Tourism Authority of Thailand (TAT). Bangkok Post SME bad loans peak in Q4 of 2020: Non-performing loans […]
Read More →ADB upbeats FY21 outlook from recovery demand for compound plastic beads, adhesives and sealants for med supplies, wire coated, building material and auto. CKP expects 15-30% revenue growth this year, sets Bt2-4b capex for PP. BTS signs Pink Line extension into Muangthong Thani with NBM worth Bt4,230m, with BLAND in for Bt1,250m and the rest […]
Read More →ASK announced RO 175.95m shares 2:1 at Bt17/shares for existing holders, XR April 27. Comment: Wow, thats quite substantial, this explains the stock dropping today by ~10%. Then again post recap, it’ll have a cleaner balance sheet, able to expand etc etc, same story different co. BGRIM sets EBITDA margin target at >30% this year, […]
Read More →Earnings earnings and earnings. But who cares? It’s momentum into the companies where the drop in demand < the drop in supply. And going forward starting 2Q, everything is going to look great YoY.
Read More →Notable Transactions Buy(s) THB 4.6 mn N/a Sell(s) THB 10.5 mn N/a
Read More →SpaceX rep held talk with NBTC on Friday on obtaining internet satellite license as it plans to open commercial booking in Thailand this year. A 4 days Censure debate against the PM and 9 ministers will begin on Tuesday and end on Friday, before the voting on Sat. It’ll be chaotic if the Opposition is […]
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