The 10 most important events this week

  • Thailand Post performance in first half exceeds expectations – Thailand Post Co reported higher-than-expected revenue and profit in the first six months of Bt11 billion and Bt1.3 billion respectively, thanks to the rapid growth of its delivery service to serve the booming e-commerce sector. (The Nation,15/8/15)
  • B3.4 trillion for projects over 8 years – The government has earmarked 3.38 trillion baht for eight years’ worth of infrastructure projects, says Deputy Transport Minister Arkhom Termpittayapaisith. (Bangkok Post, 18/8/15)
  • Telecom committee raises minimum bid for 1,800MHz licences – The telecom committee of the National Broadcasting and Telecommunications Commission yesterday approved an increase in the minimum starting bid for each of two licences on the 1,800-megahertz spectrum to Bt15.912 billion, or 80 percent of the full spectrum price. (The Nation, 20/8/15)

Continue reading The 10 most important events this week

Stocks in the news (bbl, bjchi, csp, eforl, ilink, itd, ktc, live, mcs, nch, plat, pylon, rojna, smpc, svi, tae, tasco, tk, tpch, tpipl, tsr) 20.08.15

BBL
BBL says its loans grew less than its target of 3% affected by economic slowdown. Credit card spending for the first seven months grew 13-14% from target of 10%. It added 200,000 new credit card members. (Thun Hoon, 20/08/15)
Comment: Strange to see BBL finally pushing into the consumer market with its credit cards, as if the Bangkok market was oversaturated enough as it is.

BJCHI
BJCHI expects 2H15 revenue to be better than 1H15 backed by transfers and Bt6bn in bids. (Khao Hoon, 20/08/15)

CSP
CSP targets 2015 revenue of Bt3.2bn. It plans to improve production efficiency. It is talking with a prospective partner to invest in the construction business. (Khao Hoon, 20/08/15)

EFORL
EFORL plans to list Wuttisak to obtain funds to repay its debt of Bt3.4bn. It expects 2015 revenue of Bt4.2bn after achieving Bt2.2bn in 1H15. 1H15 net profit reached Bt153mn (+54%). (Khao Hoon, 20/08/15)
Comment: Interesting but its still trading at a rather ridiculous valuation of THB 9 bn

ILINK
ILINK expects 2015 net profit of Bt300mn on the back of higher sales. It plans to bid for Bt5-6bn in projects which it hopes will raise backlog from Bt150mn. It plans to list a subsidiary on mai. (Thun Hoon, 20/08/15)
Comment: The positive news for ILINK comes from the supposed digital economy, it’s shift to the SET from the MAI and the listing of it’s subsidiary

Continue reading Stocks in the news (bbl, bjchi, csp, eforl, ilink, itd, ktc, live, mcs, nch, plat, pylon, rojna, smpc, svi, tae, tasco, tk, tpch, tpipl, tsr) 20.08.15