BGRIM: ADB sold 2.01% stake in overnight placement (52,295,200 share) at Bt51.40 – Bt52.40 per share, a discount of 2.5% to 4.4%, by JP and Citi. CENTEL signs 3 hotels, 2 in Vang Vieng, Laos & 1 in Khao Yai, adds 304 rooms in portfolios. Comment: I still think CENTEL > MINT in terms of […]

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BCPG expects to sign 600mw windfarm projects in Laos within 1H, sees room for additional capacity from 160k acres land, targets M&A 300mw this year. BGC expects meaningful turnaround from surging demand for bottle packaging on recovery consumption & F&B delivery trend. Comment: If you remember (https://www.thaicapitalist.com/random-thoughts-protests-bgc-bottles-it-cpall-not-a-monopoly/) I unleashed quite a bit into BGC (and […]

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CBG anticipates wider margins this year from full year contribution of new canning plant, improved econ of scale from larger OEM bottling orders, will add 1 new functional drink under C+Lock range, package subsidiary, APM, to cod paper containers 1Q21. CHO signs MOU with Thailand London taxi operator, Asia Cab, to jointly develop PEV and […]

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A political bomb over the weekend, but small in scale, looking at the market this morning, its a non-event. Though I do expect to see things continuing to escalate further. Want a cynical viewpoint? Protestors need a martyr to win. We’re going to see the financials come out with numbers in the coming weeks, it’ll […]

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Notable Transactions Buy(s) THB 212 mn THG – And he keeps buying AJ – Switch between family members TFG – He buys no matter the price SABUY – A new IPO in November ’20, and the CEO is buying a buy of shares. SGP – Switch between family members Sell(s) THB 1.3 bn CHAYO – […]

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B4.6bn boost for Covid battle: Medicines, high-risk staffgiven priority. The Public Health Ministry has been allocated 4.66 billion baht from the government’s central budget to help fight the new Covid-19 outbreak. Bangkok Post FDA vows ‘safety first’: As Thailand’s vaccination drive looms, the government moves to allay fears about the Chinese vaccine it plans to […]

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No, it’s not a new law firm, each of these renowned investors have put out new thoughts/predictions in the past week. The wonderful aspect of markets is that there can be wildly differing viewpoints but that several strategies/approaches can do well. So be prepared to sit down and spend hours on them. Byron Wein – […]

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AEONTS reported 3Q21 (end of November ,20) at Bt1.01b +1.9% yoy, beats Bt815m consensus, thanks to lower than expected credit cost & wider than expected NIM, revenue from bad debt recovery improved 19% yoy & revenue from overseas subsidiaries +18% yoy, NPL stands at 4.3% from 3.9% end of 2Q21. Comment: Look at these numbers […]

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ANAN’s last year presales reached Bt17,473m, thanked to Bt4,384m in 4Q, 18% higher than target, sees sustainable demand for condo along mass transit routes. Comment: Yes higher than a lowered target, but regardless still shows demand exists out there. AOT said it has Bt30b cash on hand to deal with current crisis, not seeking more […]

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AGE reaffirms big jump 4Q20 from strong coal exports to China, logged FY20 sales volume above 3.5mt target, 1m tons backlog to realize till eo-2Q21, mulls to add vessels and trucks to boost transport revenue, seeks to expand power business. Comment: I used to refer to them as baby banpu pre-2010. But they are traders […]

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