Thailand’s earnings growth still the best in ASEAN

Vincent Fernando over @ Religare just put out this paper and I’ll do my best to summarise his key points which are as follows:

  1. ASEAN growth this is expected to be 1.2% this year 
  2. Next year’s earnings imply a rebound to high-growth which seem over-optimistic


Continue reading Thailand’s earnings growth still the best in ASEAN

Stocks in the news (amata, ck, hemraj, hmpro, ptt, pttgc, scc) 10.10.13

Flooding downs two factories on estate – Minor flooding at Chon Buri’s Amata Nakorn Industrial Estate has forced an auto parts factory and an electronic parts plant to shut down temporarily due to transport disruptions. Authorities say the water will recede within five days. The estate has seen minor flooding in phases 7-9, where 200 factories are located, but water has not entered any of the buildings. (Bangkok Post, 10/10/13)
Comment: Again, as mentioned yesterday, if the stock price does collapse because of this its a simple buy
CK’s board approves buying BMCL capital increase shares — CK’s board has given the green light to acquire new shares from BMCL. It will take a total of 4.2bn shares at a price of Bt1.00/share. (Khao Hoon, 10/10/13)
Land sales approach 2,000 rai in 9M13 — HEMRAJ reports lands sales for the first nine months of 1,978 rai. Of this, 121 rai were rental contracts. It entered into 82 contracts, with 50 of those with new customers. 52% of the tenants are customers and 44% are in the automobile sector. (Khao Hoon, 10/10/13)
Comment: To us, the best in town, plus it has the cash flow from gheco-one for the next decade