There’s quite a bit to digest in this latest quarterly letter from GMO, I’ve put in some snippets below but there’s far more thoughts and analysis in the paper itself. The overwhelming driver of the spike in productivity in that decade was the extraordinary growth in production of IT equipment, which grew at 10% real […]
Read More →Exports see marginal rise in 2016. Thailand’s exports rose for a second straight month in December, enabling the performance in 2016 to eke out a marginal growth of 0.45% in 2016, ending three years of contraction. (Bangkok Post, 25/1/17) Big-ticket infrastructure projects get PPP go-ahead. Seven big-ticket infrastructure projects worth 712 billion baht under the […]
Read More →AKR AKR expects 2017 revenue to grow 50% from 2016. It expects to book Bt1.9bn in revenue from transformers and Bt900mn from solar and construction. It expects to benefit from upcoming public bids. It expects to report net profit in 1Q17. (Kao Hoon, 27/01/17) Comment: If AKR will win this amount of projects then expect […]
Read More →ALLA ALLA expects 2017 revenue to grow 30% from last year on the back of Bt400mn backlog, expects Bt300mn to be booked in this year. It plans to take part in crane providers for 3-4 clients in waste power plants (valued about Bt40-50mn/client). It is budgeting Bt150-180mn to expand its warehouse and factory. (Kao Hoon, […]
Read More →AJD AJD and partners set up two subsidiaries and is taking a stake of over 50%. It expects this to provide growth as well as lower risk from core business. (Thun Hoon, 25/01/17) AOT AOT expects passenger pass-through to reach 3.87mn with 23,000 flights on Chinese New Year. It says tourists from China dropped to […]
Read More →Mark Mobius @ Franklin Templeton is out with his 4Q review, and here’s his thoughts on Thailand and the link to the article for his thoughts on the rest of the Emerging Markets Thailand could see some weakness in economic activity due to the one-year period of mourning following the passing of its king in […]
Read More →AOT AOT will split par to Bt1/share on Jan 27 which will increase liquidity. It expects 1QFY17 earningsof Bt4.9bn, up 6%, brought by more passengers. (Kao Hoon, 24/01/17) Comment: Retail investors and basically everyone else are going to love this. CHOW CHOW plans to operate more power plants. It targets total capacity of 100MW by […]
Read More →You can see the bank oligopoly in Thailand is still strong. I do wonder how much market share BAY will be able to take away from the traditional big 4 in the coming years. Source: Bloomberg
Read More →ABC ABC plans to focus on E-Payment and expects to sign a contract with a financial institution and its partners. It plans to provide “ABC Payment service†to boost its fee income and 2017 revenue. (Kao Hoon, 23/01/17) BCP BCP’s board approved in buying 50mn capital increase shares of Lithium America Corps (LAC) via its […]
Read More →When you see that every sector has been positive for the last 12 months, alarm bells may be ringing, or if you look at everything in context, over 2 years the market is up ~4%. Resources are still recovering (oil is still some 50% below its peak), telco’s have been dogs, banks haven’t done much. […]
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