The other day the cabinet came out with a ruling that: Approved the waiver of value added tax, specific business tax & stamp duty for transferring assets from property funds into REITs. Approved the waiver of income tax for unit-holders of property funds that are converted into REIT So what? This should pave the way […]
Read More →Names today: BSM, DELTA, IEC, ILINK, KSL, NWR, PCA, PCSGH, SAWAD, SMT, SORKON, SVI, SYNEX, TMB, TPOLY, WORK BSM BSM expects 2015 revenue of Bt600mn (+20%), meeting target. It plans to cooperate with KCM to increase distribution channels, especially for high margin products. It targets 2016 revenue growth of 15-20%. It expects exports to comprise […]
Read More →Well there was news in the afternoon that some police officers made false claims involving the monarchy to make 5.9 mn baht in personal gain, and that “Samart Telcoms Plc was involved in the installation at the skyscraper.” So as a friend queried, if they drove a toyota, should Toyota’s stock price get dumped too? Source: […]
Read More →Names today: CEI, EE, GFPT, GLAND, HMPRO, JSP, MACO, NPP, PTTEP, RS, SCC, TAKUNI, TNDT, TPC CEI CEI plans to invest in property business through a subsidiary after it has completed restructuring its business model. It plans to open Townline Sattaheep Project, a 32 townhome project valued at Bt200mn. This project will focus on management […]
Read More →Names today: DCC, EPG, GLOBAL, GOLD, KOOL, MTLS, MSC, NOK, PTG, SC, SIRI, TFD DCC DCC’s board has approved 3Q15 interim dividend of Bt0.042/share, XD on Nov 6. It reported 3Q15 net profit of Bt275mn. (Khao Hoon, 27/10/15) Comment: DCC’s revenues have taken a slight hit and despite their margin improvements, things still don’t look […]
Read More →In what was a shortened week the market continued its rather impressive rally for the month with the SET up 5% led mainly by resources and financials. Can it continue? Who knows….will oil prices recover to 60, 70, 80? If so yes, will financials finally show some strong #’s….depends upon the economy, these coming weeks […]
Read More →Notable Transactions Buy(s) THB 36 mn RS – And the owner continues to buy back shares in the market Sell(s) THB 404 mn ORI – A recent IPO and the owner dumps some THB 345 mn or 30 mn shares, or did he just pass it onto a market maker hence the continued stock price […]
Read More →Names today: ASIMAR, BIG, BMCL, DEMCO, EPCO, FIRE, MFEC, PS, PTT, PTTEP, PYLON, TSE, UV ASIMAR ASIMAR to show strong 3Q15 after booking two big projects. More potential growth stories include: ship maintenance backlog, Bt600mn tugboat project (to open for bidding in Oct 2015) by the Port Authority of Thailand, multi-million baht projects for the […]
Read More →Investment banking departments in Thailand are working hard to ensure they can receive their bonuses at year end with 14 additional IPO’s still coming to the market. Quick thoughts Anything from Asia plus always seems to perform well A company less than thb 5 bn in market cap size seems to perform well Hospitals – […]
Read More →Not many papers can match his thoughts and insights and whilst this one is the must-read that last month’s was, he does take a step further utilising sports as an analogy for his analysis on investments, here’s the conclusion and a link to the rest of the memo, enjoy! For most participants, success is likely […]
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