Thailand’s start to the year has continued to be fantastic this despite valuations being “high”. The local fund flow from retail investors on the back of the government spending plans have been the main drivers plus the lack of bad news all help the market.
Read More →CK CK targets 20% share of projects — Ch. Karnchang Plc (CK) expects to win 20% of the government’s planned Bt2tn infrastructure projects, boosting its revenue by 10-15% annually over the next seven years. It targets its revenue to grow from Bt18bn last year to Bt25bn this year and to Bt28-30bn in 2014. CK expects […]
Read More →Notable Transactions Buy(s) THB 153 mn BLAND – K. Anant continues to purchase more shares in his company Ticon – This is a switch of ownership in the warrants between K. Chali’s spouse and himself Sell(s) THB 183mn BGH – A big sale from BGH? Now that’s a rarity. EMC – Well know stock trader/manipulator, […]
Read More →ANAN Strong growth in revenues and profits — ANAN announced 4Q12 net profit of Bt27mn, a 124% increase YoY, on an increase in revenue in this quarter to Bt1.343bn, up 109% YoY. (Khao Hoon, 04/03/1) Comment: No value seen here from our viewpoints BECL Inflation meets the criteria for toll rate hike on Sep 1, […]
Read More →Positive(s) Thailand Govt to boost infrastructure spending to B4tn — The cabinet on Wednesday endorsed a master plan to develop various infrastructure projects over the next seven years. The plan will allow the Finance Ministry to borrow Bt2.2tn for the projects. Mr. Kittiratt, however, said that sum will only be enough to finance major transport […]
Read More →Dusit International (DTC) has more than 60 years’ experience in the hotel and hospitality field. Founded in 1949 by honorary chairwoman Thanpuying Chanut Piyaoui, whose first hotel was The Princess on Bangkok’s Charoen Krung Road, DTC has since acquired a unique portfolio of distinctive hotels in Thailand and abroad. Chanin Donavanik, the managing director and […]
Read More →HYDRO Gets two projects in Myanmar — HYDRO signed for two water treatment projects in Myanmar this year, worth a total of more than Bt1bn. The management is confident that revenues this year will reach Bt1.1bn, up 25% YoY, supported by its current backlog of Bt11bn. The company is also looking to win more projects […]
Read More →CPF Aiming at sales growth of 10-15% annually — CPF aims for sales to reach Bt700bn over the next five years, or to increase 10-15% per year. In 2012 sales reached Bt357.175bn, a 73% rise YoY, with net profit of Bt18.79bn, equating to Bt2.59/share. It will pay a DPS of Bt0.50 on 2H12. (Khao Hoon, […]
Read More →AOT AOT expecting record number of arrivals — AOT estimates the number of passengers passing through Suvarnabhumi this year to reach 50mn, after reaching a record of 170K per day from 150K over the Chinese New Year. It aims to address the airport congestion problem before the completion of Phase 2. (Khao Hoon, 26/02/13) BAY […]
Read More →Notable transaction(s) Buy(s): THB 43mn BGH – No surprise here, I’m still thinking 200+Â Sell(s): THB 268mn AIT – A director decides to take profit, stock has been on a tear over the past 1.5 months PLE – Chairman and Vice Chairman sold off a substantial portion, haven’t seen any news regarding this SCC – […]
Read More →