Foreign investment fund flow led the markets higher with the property sector starting things off with a gangbuster move of 4% in the first week of trading. Going forward we have the MPC meeting, tha thai cabinet deciding upon the contracct signging for the Red Line project and a possibility of the ECB cutting rates. […]
Read More →BEAUTY - Expects 2013 revenue growth of 20% — BEAUTY expects 2013 revenue to grow 20%YoY with gross margin of 70–71%. The company plans to invest Bt250mn to expand to 180 stores. It also plans to sell franchises in Laos and Vietnam, expecting to conclude this 1Q13. (Khao Hoon, 08/01/2013) Comment: Great margins, this co is […]
Read More →Notable Transactions: Buy(s): THB 69 mn SIRI – Same story as for the past 6 months here VIBHA – There must be a story here as the same two individuals switched out of CMR into VIBHA Sell(s): THB 36 mn CMR – See above
Read More →AOT – Passenger numbers grow 12% in 2012 — AOT reports that the number of passengers in 2012 have grew 12% to 74mn, with the number of international passengers increasing to 46mn, pushing the number of flights to 490,000. (Khao Hoon, 07/01/13) Comment: Tourism tourism tourism, AOT always had been a cheap stock, if only […]
Read More →Despite what people say, we think the impact of the village fund that Thaksin implemented years ago can already be seen with the growth in each and every region outside of Bangkok, the expansion of Tesco’s, BigC’s, 7-11s, motorcycle sales, pick-up sales, consumer goods and electronics in the past 10 years is evidence of it, […]
Read More →CPALL –  Targets 13% sales growth in 2013 — CPALL targets 13% sales growth for 2013 and plans to add 550 more branches to achieve a total of 7,300 branches by the end of this year. In addition, the company plans to open one more distribution center in Samut Sakhon province this year. (Khao Hoon, […]
Read More →If you thought Thai politics was asinine, the yanks aren’t doing that much better, the ongoing fiscal cliff debate has only proven this. The markets reaction seems to be “wooo at least something got done” but thats akin to hearing a parent say “I take care of my children.” The wall street economists have come […]
Read More →A combination of LTF fund flow with continued positive news surrounding thai companies helped push the market to a strong finish for 2012. As evidenced the winners for the month were the Service sector and the Financials sector as both rebounded strongly. Going forward, valuations are still lofty for our liking but one still needs […]
Read More →AGE New coal mine ready to start up — AGE is ready to start operations of its coal mine in Tambon Nadee in Samutsakorn province and revenues are expected to be recognized immediately in the first quarter. The company is confident that revenues this year will reach Bt6bn from last year’s Bt4bn. (Khao Hoon, 03/01/13) […]
Read More →Notable Transactions Buy(s): ANAN, BGH, ERW, FNS, INOX, SAUCE, SIRI, STEC Total Amount: THB 1.77 bn Sells (s): HYDRO, IHL, LEE, PPC, SPCG, TUF Total Amount: THB 1.0 bn
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