BCP Says 3Q13 exceeded Bt1.1bn — BCP says 3Q13 net profit will exceed Bt1.1bn, with inventory gains of over Bt900mn. The company’s year-end EBITDA target is Bt9.6bn. (Khao Hoon, 16/10/13) HMPRO Says sales growth to reach 15% YoY — HMPRO is confident that sales will increase by over 15% YoY, and 2H13 profits will improve […]
Read More →Forth Revenue down on slow hard disk drive market — FORTH says its revenue will fall from last year’s Bt5.9bn to Bt5bn this year due to the slowdown in the hard disk drive market. However, it is confident that net profit will increase to Bt250mn from Bt93mn. (Khao Hoon, 15/10/13) Comment: Thailand has been the […]
Read More →Last week the market continued to rebound on the back of continued flows from overseas and local prop desks. With the US government continuing to not function, the thoughts we have is that perhaps this year we won’t see the usual strong year end rally that starts in October til Jan. This week the BoT […]
Read More →Notable Transcations Buy(s) THB 1.8 bn BGH – K. Prasert is back and buying with a vengeance to the tune of THB 1.12 bn BLAND – K. Anant is back and buying strongly on the news that the company will do its first REIT, IMPACT, however funny that last week the regulators said that BLAND […]
Read More →Notable Transactions Buy(s) THB 2.2 bn GRAMMY – Owner buys THB 347 mn, likely through the recap for the digital tv bidding IEC – Interesting purchase here, IEC has just announced a warrant issue KMC – A prop recap play here, new owner buys THB 39 mn in the markets MC – Management has been […]
Read More →Just came across this article on Bloomberg which explains the importance of the new rail system in Thailand, now we all know there are issues with the plan put together by the government, I’ve even heard that they haven’t put together proper numbers yet for the entire project, but overall I still love the idea. […]
Read More →A summary of the key events in Thailand and Internationally Thai Economy Excise tax on liquor unequal — The cabinet recently approved a sharp increase in the tax ceiling on alcoholic drinks, based on a proposal by the Finance Ministry. The excise tax ceiling for both fermented beverages (such as beer and wine) and distilled […]
Read More →Now this was an interview that I tremendously enjoyed. It’s very rare to meet K. Thongma, have to say a big thank you to Shareinvestor Thailand for this. Pruksa Real Estate Plc (PS) concentrates on developing townhouses, single-detached houses and condominiums within Greater Bangkok. PS uses its own technology and modern international construction technologies to […]
Read More →APCO Raising growth target again — APCO is raising its earnings target again to growth of 70-75% YoY. The company expects 4Q13s to be outstanding as it is the high season. (Khao Hoon, 11/10/13) Comment: Never heard of this company before, no idea what it is CPALL Cutting MAKRO holding — CPALL is planning to […]
Read More →Vincent Fernando over @ Religare just put out this paper and I’ll do my best to summarise his key points which are as follows: ASEAN growth this is expected to be 1.2% this year Next year’s earnings imply a rebound to high-growth which seem over-optimistic
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