BCP Bangchak’s solar sprint – The mostly state-owned oil refiner Bangchak Petroleum Plc says its third phase solar project in the Northeast is ready to feed power to the national grid one month ahead of schedule, signaling higher future revenue than expected. (Bangkok Post, 26/03/14) Comment: The only sunny thing in the entire energy sector […]
Read More →Wonderful short interview with Jeremy Grantham of money management firm GMO where he basically covers his thoughts on the Fed policy and the so called Bernanke-Put that has helped to keep asset prices high. I do keep my eye out for when/if rates may turn, for when/if the VIX may hit high levels again, for when/if Gold may decide to […]
Read More →Its reporting time from all the publicly listed companies in Thailand, with the quality of presentations available (meaning they are pretty damn good), its great finding out little tidbits of information like this one from Asiasoft Plc (AS). Who whould’ve thought that Thailand was only just behind Singapore in terms of daily spending on apps? […]
Read More →BECL BECL expects revenue growth of 5% YoY in 2014 after a rise of 2% YoY in toll collection in Jan and Feb. It is confident that highway traffic will expand in the rest of 2014. It also expects additional 10,000 cars per day after Asoke 3-1 highway opens. (Thun Hoon, 25/03/14) Comment: A good […]
Read More →Political news is back! Although it has never really left, we have fun times ahead as usual this week with the Democratrs decided whether or not to join the next election, the PM may still be kicked out by the NACC and more rallies, this time both yellow and reds, they should actually get together […]
Read More →Notable Transactions Buy(s) THB 45.6 mn EFORLÂ – This company does have a storied history, perhaps there’s something finally positive happening here? Sell(s) THB 46.8 mn CPF – A sell by of the main directors
Read More →AOT AOT expects FY2014 profit growth YoY on growth in normal operations. It aims to maintain EBITDA margin at 40%. (Post Today, 24/3/14) BCH BCH seeks additions to hospital chain – SET-listed Bangkok Chain Hospital Plc (BCH), the operator of Kasemrad Hospital and World Medical Center, is in talks to acquire three or four hospitals […]
Read More →Another good op-ed in the Bangkok Post this clearly stating the inconsistencies in Thailand today. So what does this mean for the market? Well my viewpoint is very simply how many more negative events can hit Thailand? Far and far less, yes there is a fear of the Red Shirts under Jatuporn creating more noise […]
Read More →Thailand Private sector hit by slowing domestic consumption — Businesses in the private sector believes that if no government can be formed in 1H14, Thai GDP growth will only be in the range of 1-2%. (ASTV Manager, 18/03/14) Exports beacon of hope for GDP growth – Despite lifting the emergency decree and adopting a looser […]
Read More →AGE AGE targets revenue growth of 20% YoY in 2014 to Bt6bn and expects sales volume of 4mn tons. Management guides to 1Q14 revenue growth of 50% YoY after expanding to China and India. (Khao Hoon,, 21/3/14) Comment: The issue for AGE is that their margin’s as selling prices of coal have been in a […]
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