DRT – To expand Khon Kaen plant — DRT has set Bt1.5bn as capex to expand its plant in Khon Kaen. This lightweight concrete block plant is expected to generate Bt200-300 mn in 2H13, leading to revenue growth of 10–15% YoY. (Khao Hoon, 22/01/13) Comment: Despite the constant negative news regarding its asbesto use the […]
Read More →Amata Corporation Plc is Thailand’s leading developer of industrial estates, established in 1989 and listed on the Stock Exchange of Thailand (SET) in 1997. It is the flagship of the Amata Group, with 15 subsidiaries that manage the supply of utilities, infrastructure and services in Amata industrial estates. Chief operating officer Viboon Kromadit discusses the […]
Read More →Market finished strongly at the end of the last week with continued strong fund foreign fund flows, this combined with China’s massive numbers, the BOJ aiming to boost inflation to 2% and Thailand’s 3Q12 GDP number’s coming out strongly all helped. Â Â Â Â Â
Read More →KTB – FIDF still looking to sell part of its stake — The Financial Institutions Development Fund (FIDF) is to sell out 4% of its KTB stake or approximately 447mn shares. The selling price is expected to be 1.5x its book value or Bt19.20. The proceeds will be used to clear off the FIDF 1 […]
Read More →Notable Transactions: Buy(s):Â THB 100 mn AH – The Chairman/CEO decides to acquire some shares, AH has been a massive underperformer versus SAT, this was as a result from the past issues with it bought KPN Auto back in 07/08 BANPU – Major shareholder decides to accumulate more shares BGH – This stock price continues […]
Read More →Positives US: U.S. claims for jobless benefits plummeted to 335,000 last week, the lowest since January 2008, from 372,000 in the prior week, the Labor Department said Thursday. The weekly number was much lower than economists had expected. Meanwhile, U.S. housing starts in December surged 12.1% to a 954,000-unit annual rate, the fastest pace in […]
Read More →ADVANC - Expects to be #1 in 3G — ADVANC states that its four core strengths, “network-equipment-application-serviceâ€, will help it compete in the 3G market. The company is ready to invest Bt13bn in the first phase to expand its network, as it targets to be the number one provider for 3G service. (Khao Hoon, 18/01/13) Comment: […]
Read More →BECL Toll raise negotiations taking the first step — Expressway Authority of Thailand (EXAT) is to set up a subcommittee to consider the toll rate hike today before negotiating with BECL. The rate hike will provide additional revenue for maintenance and construction of new expressway projects. (Manager, 17/01/13) BLAND Trading volume surges — BLAND’s trading […]
Read More →BAY – Japanese bank looking to buy into BAY — Mitsubishi UFJ Management said that the Japanese bank is in the process of waiting confirmation from GE Capital International Holding Corporation to acquire 25% of BAY. Recently, Mitsubishi UFJ acquired 20% of Vietin Bank for 15.5 trillion dong (US$743mn). (Khao Hoon, 16/01/13) Comment: Well the […]
Read More →More populist policies from the government, I won’t start a rant about how the government is throwing more of my tax-paying money for their own self interests i.e. CTH, but will try to consider this from a stock perspective. Who benefits? Well I believe Grammy, RS, and Work will be benefit as they are linked […]
Read More →