AQ AQ expects net profit this year after 2014 net loss of Bt285.61mn on backlog of Bt300- 400mn. It plans to launch a new project “AQ Shadi Phaholyothin-Rangsit” in 2H15. (Thun Hoon, 30/09/15) Comment: Despite the quality of its projects, the stock is rather expensively valued. BECL/BMCL BECL expects the cabinet will okay the merger […]
Read More →BJC BJC is talking to many prospective partners (in Laos, Vietnam, Cambodia) to take over local and international companies, which is expected to be finalized soon. It has budgeted Bt2.25bn for investment. It expects 2015 revenue to grow 10% as targeted. (Thun Hoon, 29/09/15) CHOW CHOW is talking to prospective partner to invest in solar power plant. […]
Read More →CHO CHO expects to sign NGV bus contract, worth Bt1.735mn in mid-October. It expects to bid for more electric bus projects. It maintains 2015 revenue growth of 10% with Bt600bn backlog. (Khao Hoon, 28/09/15) Comment: Again wonderfully positioned to benefit from this NGV bus , BUT post these sales earnings will decline to what they […]
Read More →It’s become rather repetitive in terms of news flows and potential economic headlines for both Thailand & the world. For Thailand the story hasn’t changed, government spending…who/what/where/why/when; the world China recovery? Fed interest rate hikes?
Read More →Notables Transactions Buy(s) THB 108 mn SCC – Quite the story last week with SCB having to sell of their stake in SCC to cover the losses from SSI, no surprise that K. Yos took advantage of the volatility AUCT – And he’s still at it, he is adamant that AUCT will dominate the world […]
Read More →Singha Estate takes ‘PRIDE’ in three-pronged model Singha Estate Plc (S) is a lifestyle developer that builds quality settings for people to live, play, work and shop. Chief executive Naris Cheyklin discusses the company’s strategy and outlook. Please explain Singha Estate’s history. Singha Estate is a real estate investment and development company and the property […]
Read More →A nice little article over at Forbes yesterday interviewing Heinecke and including comments from other executives and analysts on the region. Here are some snippets and a link to the full article. “These emerging markets still have a lot of gas to go.” “Our major clients are not expanding in Thailand,” says Phisud Dejakaisaya, managing […]
Read More →AGE AGE signals a turnaround in coal business, aiming to broaden customer base domestically and internationally. The company expects 3Q15 earnings to be better than Bt34mn made in 1H15, with full-year targeted at Bt100mn backed by better cost control. (Thun Hoon, 25/09/15) Comment: In theory they should only be making a margin on the logistics […]
Read More →BoT orders SSI creditors to obey rules – The Bank of Thailand has instructed creditors of debt-ridden Sahaviriya Steel Industries Plc (SSI) to also set aside loan loss provisions for the parent company of SSI UK by the end of this month to comply with regulations. The lenders are required by law to set aside […]
Read More →Bill Gross’s latest monthly paper is out, as usual it contains great thoughts and this month its all about the Fed and the impact of low interest rates and the issues that come with it, see below for snippets and a link to the paper. “financial repression”, long stretches of years and in some cases decades […]
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