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+ 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 →BANPU Buyback boosts Banpu share price – The SET-listed Banpu Plc, ASEAN’s leading coal miner, announced a Bt6.15bn share buyback plan yesterday, a move that rallied its share price after its net profit dropped last year on weakening coal prices. (Bangkok Post, 22/02/13) Comment: While good on a ST basis, it doesn’t cloud the fact […]
Read More →Wonderful interview with Howard Marks who runs Oaktree Capital stateside, its a great read and the key points I gather from it are: The level of economic activity, anecdotal as you describe, is not an indication of health in the future. It is an indication of health in the present. The question is, what are […]
Read More →Its that time of the year again when companies on both the SET and MAI present themselves to investors/analysts, we’re sitting here most days listening to each and every company to see if there is something interesting. This quarter there are some 100+ companies over the next 1.5 months, See the link for the times […]
Read More →BTS BTS group infrastructure fund on — BTS Group Holdings looks to have cleared the way for a brighter future, with the green light to go ahead with its infrastructure fund and a possible rise in skytrain fares. (The Nation, 21/02/13) Comment: Looks like there’s been some sell on the news, we all know that […]
Read More →For the past few weeks the government has been “pressuring” the BOT to cut rates in the aim of preventing the Thai baht from getting any stronger. We’ve been against this thought as Thailand has so much liquidity flying around as it is and with the Government’s spending coming through next year any further rate […]
Read More →AMATA AMATA to set up property fund this year — AMATA aims to set up a real estate property fund this year. It said sales have grown by 10-20% from last year’s 2,800 rai. It has also secured a backlog of land worth Bt7.6bn, which is expected to be recognized this year. The company will […]
Read More →