BBL Management says 1Q14 loan growth was slightly negative consistent with the slowing economy. Loan growth is expected to be positive in 2Q14 and 5% in 2014. It expects Thai GDP growth of 3% YoY, supported by exports. (Khao Hoon, 16/4/14) Comment: Every bank will have poor loan growth in the 1Q14, question is how […]
Read More →AAV Thai AirAsia to begin major push to lure back tourists – Thai AirAsia is preparing to work with the AirAsia network regionally to promote Thailand more aggressively to revive a stable flow of foreign tourists into the Kingdom after it was hit by prolonged political turmoil, while in the process meeting its cabin-factor projection […]
Read More →EA EA expects net profit this year to grow by more than 150% from Bt267mn last year driven by a full year of revenue from its new solar power plant in Nakorn Sawan of more than Bt1.2bn. It also said earnings in 1Q14 will continue to grow strongly. (Khao Hoon, 13/03/14) Comment: We think the […]
Read More →BCP BCP aims at EBITDA of Bt25bn in 2020, brought by a focus on projects with 15% IRR. It expects 2014 EBITDA of over Bt10bn, supported by solar farms. (Khao Hoon, 27/2/14) Bangchak to issue up to Bt8bn in bonds — BCP will issue Bt50-8bn worth of debentures in the second quarter of the year […]
Read More →AP AP preparing to launch 19 new projects worth Bt23.7bn. It targets 2014 revenue of Bt21bn. It will launch SOUL worth Bt920mn focusing on high-end area in Ratchada. (Khao Hoon, 17/2/14) Comment: Old news, however it is funny to see the property sector actually being one of the best sector performers this year DTAC DTAC […]
Read More →AOT MD says political situation hurting passenger traffic — In January, passengers in its six airports increased 7.35% YoY, failing to meet expectations. It continues to expect passenger growth of 10% YoY in 2014, supported by provincial airports. It will open bidding for phase 2 of Suvarnabhumi airport construction in April. (Khao Hoon, 11/02/14) Comment: […]
Read More →IRCP IRCP expects both revenue and net profit growth of 30% YoY. It continues to bid for jobs related to digital TV network. It recently received work from CAT and Thai PBS worth Bt100mn, bringing backlog to Bt600mn. It is negotiating with a partner to get into the set-top box business. (Tun Hoon, 04/02/14) IVL […]
Read More →The clever folks at Thanachart Securities put this out during the week as the changes in the SET50 and SET 100 are expected in the 2nd week of December ’13. Basically new additions in the SET 50 include VGI & THCOM replacing KKP & MAKRO, and for the SET100 +BMCL, CHG, ERW, N-PARK, TFD, TICON, […]
Read More →EPCO Profit up 335% YoY in 9M13 — Eastern Printing announced 9M13 net profit of Bt112mn, growth of 335% YoY. It expects 2013 revenue to rise 30% with a 160% jump in net profit. It expects to book a dividend from Bor-Ploy Solar of Bt57mn in 4Q13. (Khao Hoon, 13/11/13) CENTEL Centel posts explosive profit […]
Read More →CHO Dividend this year — CHO is confident that it will be able to wipe out its accumulated losses in 3Q13 and start paying dividends this year, back to its dividend policy of no less than 40% of net profit. It expects 2013 revenues to achieve its targeted growth of 20%. It is waiting for […]
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