AOT AOT board approved the plan to develop Hat Yai airport. The development will cover a 2year period with a budget of Bt15.1bn. It expects to support 10mn passengers per year by 2030. (Kao Hoon, 23/09/16) Comment: It’s quite interesting that nothing is ever really spoken about the development of Southern Thailand. If you look […]
Read More →AP AP is confident that low-rise project revenue and presales will hit target. It reports revenue from low-rise of Bt6.14bn in 1H16 and will realize Bt5.68bn in 2H16. (Thun Hoon, 22/09/16) CKP CKP expects profit of Bt300mn in 2H16 supported by more capacity from Nam Ngum 2. (Kao Hoon, 22/09/16) Comment:Â Now would they consider flipping […]
Read More →ACAP ACAP raising loan target to Bt3.5bn from Bt2bn. There is progress in its plan to expand abroad and it expects to wind up a deal with two partners in Cambodia. It plans to issue a debenture worth Bt1bn with interest rate at 5.6%. The call center business continues to grow. (Thun Hoon, 21/09/16) CENTEL […]
Read More →AOT AOT expects 2016 profit of more than Bt19bn. It expects 4Q16 profit of Bt4.2bn, growth of 10% YoY, supported by more passengers and more flights. (Kao Hoon, 20/09/16) Comment: There have been mumurs that if Thailand really does crack down on the zero dollar tourists from China that AOT could lose 10% of revenues […]
Read More →So our favourite funny man in the telecom industry has announced this morning that he wants to buy out all the shares in JAS at THB 7.25/share. If you remember your corp fin 101, MBO’s are typically done for a strong cash generative business and with plenty of cash on the b/s. Now JAS doesn’t quite […]
Read More →AGE AGE maintain its revenue target growth of 10% supported by more than 2mn tons coal sales. It expects to finish a deal with a partner to do a coal warehouse in Vietnam by the end of 2016. (Kao Hoon, 19/09/16) CCN CCN expects to get a government job from the Industry 4.0 project. It […]
Read More →Well its mid-way through my favourite month of the year and the SET is down some -4.5%, why? Well we know why but can’t type it in public, though from what I’ve been told everything has been pre-arranged internally. You take from that what you will. The Fed is supposedly meeting soon and that should […]
Read More →Notable Transactions Buy(s) THB 167 mn BTW – A switch between shareholders EARTH – Oh he’s back to buying shares again. One of the strangest coal companies around.. Sell(s) THB 435 mn ORI -Â This was the block sale to Templeton PT – Interesting that after he sold the block of shares the share price […]
Read More →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 […]
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