Notable Transactions Buy(s) THB 86 mn ASAP – A block trade before father and daughter Sell(s) THB 155 mn ASAP – See above SUC – I still think that this is a remarkably cheap name (and that goes for the entire group), I do wonder why this director would sell when it does appear that there is […]
Read More →AMATA BoI approved client investments of Bt28bn in three businesses: automotive, electronics, utilities and SME industries. It also lengthened the 50% corporate tax exemption period for machine improvements for three years, now ending 2020. (Thun Hoon, 18/9/17) Comment: Thailand is trying their best to maintain FDI growth and should it work then yes the players […]
Read More →The Executive Talk: BCP expanding towards a sustainable future BANGKOK, Sept 11, 2017 – (ACN Newswire) – Bangchak Corporation Public Company Limited (SET:BCP) President and Chief Executive Officer, Mr. Chaiwat Kovavisarach discusses the company’s strategy and outlook in The Executive Talk (TET) by ShareInvestor.com. TET: How has BCP evolved from a pure refinery company to […]
Read More →11.4mn people qualify for government welfare. They can get the welfare card from September 21 onwards. The policy will be effective on 1 October. (Thai Rath, 14/9/17) Fitch cagey on sovereign. Thailand’s subpar economic growth is the main obstacle to the country’s sovereign rating improving, says Fitch Ratings. It is quite difficult for Thailand’s longterm […]
Read More →AQ AQ expects to resume trading on the SET after filing its 2Q17 financial statement after auditor approval. It believes it can continue in business after paying Bt1.63bn in damages to KTB. It says losses in 1Q17 were lower than in 1Q16 on lower expenses and reserves, even though presales also declined. (Thun Hoon, 15/9/17) […]
Read More →ADVANC THCOM CSL ADVANC announced the purchase of 250mn shares of CSL from DTV Service, subsidiary of THCOM for Bt7.80/share, giving THCOM cash of Bt1.95bn. It will also buy 84mn shares from SingTel for Bt655mn. (Thun Hoon, 14/9/17) Comment: At 15x PE for CSL it isn’t the cheapest price…effectively its a right pocket left pocket […]
Read More →BCPG BCPG plans to invest in hydro, wind, geothermal and biomass with finalization by the end of 2017 and the beginning of 2018 with targeted IRR of 12-15%. It is also in the process of studying an “Internet of Energy†and finding foreign partners to join. It expects market capitalization to reach Bt50-60bn by the […]
Read More →BAY Inflow of Japanese investments in EEC benefits BAY. Krungsri bank says the many Japanese investors moving into EEC to make new investment will benefit its business and it plans to cooperate with KBANK, KTB, BBL and SCB to extend loans for big investment projects. BAY had the highest loan growth of peers in 2Q17. […]
Read More →AOT AOT signals 4Q17 earnings of Bt4.69bn, driven by more passengers, especially from China. It will also gain more revenue as King Power operates commercial area in Don Muang Airport’s Terminal 1. AOT expects Suvarnabhumi Airport expansion to bring more profit. (Thun Hoon, 11/9/17) Comment: As long as there are still problems in Korea, don’t […]
Read More →That sudden rush of foreign buying seems to have woken up the animal spirits in Thailand with the market posting some strong numbers in the past 2 weeks. Will the fact that earnings have been weak and will likely continue to be weak for most sectors bring the market back down to earth?
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