AJD AJD expects set-top box sales of more than 2mn and expects the coupon will be issued in September. It says AJ is a market leader with a gain market share of 50%. It expects revenue to triple from Bt1.65bn in 2013. (Khao Hoon, 24/06/14) Comment: Yes, IF the coupon deal materialises, its still a […]
Read More →It’s coming to the end of 1H14 (how time flies) and for the past week most investors, including us, are expecting the usual “window dressing” period from Asset Management firms. There are two government issues still outstanding in regards to what will happen to telecoms in the short term and how quickly the THB 2.4 […]
Read More →Notable Transactions Buy(s) THB 75 mn GSTEEL – Currently on the suspension list because they just aren’t making anymore, could this be a change in shareholding that allows the company to relist? Sell(s) THB 215 mn BGH – And here is the owner selling again, this time THB 141 mn worth of shares MAJOR – […]
Read More →AEC Purchase of AAMC Asset Management approved — AEC says the shareholders approved the purchase of AAMC Asset Management Co., Ltd. It will take 90% for Bt28.12mn. The purchase is being made to expand the variety of the business it is engaged in and create growth opportunities. (Naew Na, 23/06/14) Comment: The regulatory environment in […]
Read More →Seeing the military create songs, dances, pretty girls, give out free movies to the masses, free world cup football, it all starts to feel a bit Orwellian “…football, beer and above all, gambling filled up the horizon of their minds. To keep them in control was not difficult.†– George Orwell, 1984  Thus far […]
Read More →Thailand Technical recession ‘unlikely’ – The economy is not expected to enter a technical recession since economic activity picked up in the second quarter compared with the first quarter’s dismal growth, says a senior Bank of Thailand official. (Bangkok Post, 20/06/14) Foreign chambers hold talks with Prayuth – The Joint Foreign Chambers of Commerce in […]
Read More →AAV AAV’s bookings down 15% due to the coup. The CEO says the airline has seen a significant decline in Chinese clients, but domestic traffic continues to support operations. Khon Kaen, Nakorn Panom, and Naratiwat flights have a load factor of 90%. It will control costs and postpone client base expansion to handle the drop […]
Read More →PTG Energy Plc, the operator of the PT petrol station chain and the sixth-biggest fuel retailer in the country, made its debut on the Stock Exchange of Thailand in May 2013. Chief executive Pitak Ratchakitprakarn discusses the company’s outlook and strategy. PT Max Card members receive SMS alerts when fuel prices are about to rise […]
Read More →An insightful Op-Ed by Mr. Weiss over at The Huffington Post LONDON–In the 1950s and ’60s, when Thailand experienced the bulk of its 19 military coups, a dark joke circulated through the market stalls of Bangkok that the country had three political parties — the army, the navy, and the air force. Last month, it […]
Read More →BGH Issuing bonds — BGH will issue unspecified currency convertible bond worth no more than Bt10bn with a tenure of ~5 years. The company will use the cash to fund investments. (SET, 19/06/14) Comment: Why?! They are net cash, why would the company bother to do this, wouldn’t a normal bank loan be cheaper? Nuts […]
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