ANAN ANAN budgets Bt3bn to purchase land to support business expansion. The company targets revenue of Bt12-15bn with presales of Bt22.5-23.5bn in 2015. (Kao Hoon, 11/12/14) Comment: The upside for me in ANAN is on operational leverage i.e. fixed costs should be stable, thus with revenue growth of 20-30%, i wouldn’t be surprised to see […]
Read More →On Monday for a brief period of time the SET was able to go above 1,600 & then it subsequently tumbled some 35 pts (or -2%) since then, what are the reason(s) for this? Yesterday there was news about a potential counter-coup from a former PM which was subsequently debunked, but this could explain why […]
Read More →Given Thailand’s proximity to Laos, the country should be one of the main beneficiaries of the LSX opening up further, and if you’re willing to take a long term viewpoint then the LSX can offer wonderful opportunities, Â I remember EDL providing a 16% dividend at one point 3 years ago. Now back to the index, […]
Read More →AH 10% growth next year – AH has set the revenue growth at 10% next year, supported by the turnaround in auto industry. (Kao Hoon, 9/12/14) Comment: AH is an odd automotive company because of its businesses in the retailing side in M’asia, thus its hard to classify it as a pure automanufacturer. AOT Core […]
Read More →Will the SET cross the magical 1,600 barrier or not? That is the question on the minds of every short term trader out there. Does it matter? No. Quick reminder: The following securities will be in the FTSE index as of close on December 19. FTSE SET Large-Cap index inclusion: MINT; exclusion: FTSE SET Mid-Cap […]
Read More →AIT 10% growth next year – The company expects 2015 revenue to reach Bt6.2bn and will grow 10% next year. (Kao Hoon, 8/12/14) Comment: This company just continues to grow and grow each and every year. BBL BBL sees greater prospects offshore – Although Thailand’s largest bank, Bangkok Bank (BBL), already has the greatest footprint […]
Read More →Notable Transactions Buy(s) THB 213 mn BA – The family believes that the decline in shares since its IPO is overblown – I think not. MC – The founder continues to accumulate shares, what I haven’t liked about MC is that SSSG has been negative since IPO, all the growth comes from store expansion, can […]
Read More →A great article on the Economist popped up a few days ago detailing Thailand’s economic growth during the political crises that the country has faced and the demographic issues that Thailand has today, here are the key charts, key points, and a link to the full article Thailand’s volatile politics have not prevented it from […]
Read More →Thailand More stimulus on the cards if revenue surpasses expectations – The Finance Ministry is poised to add more spending to the mid-year budget in an attempt to boost the stuttering economy if the government’s revenue collection exceeds its target. (Bangkok Post, 1/12/14) BoT at ease over NPL risk – BoT said there are no […]
Read More →CHO CHO confident revenue this year will grow no less than 50% due to strong flow in orders. It said that it plans to expand aggressively in overseas markets further through its catering hi-loaders truck business for airlines in markets abroad. The management confirms the exercise date for CHO-W1 is Dec 30, 2014. (Thun Hoon, […]
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