WHTW: Top 10

  • B90bn set aside to aid rural areas — The government is poised to earmark 90 billion baht to support local development and ease the impact of the drought and slowing economy in rural areas. (Bangkok Post, 18/3/16)
  • 2-in-1 strategy in bid to ease new tax pain – Draft bills on the new personal income tax structure and on the land and buildings tax will go before cabinet for approval simultaneously, finance permanent secretary Somchai Sujjapongse says, in a move intended to ease public anxiety over the tax burden. (Bangkok Post, 14/03/16)
  • Government approved investing Bt110bn in Pink and Yellow lines. This is good news for CK, SEAFCO, UNIQ, SCC, and TPIPL. (Thun Hoon, 14/03/16) Ministry readies Red Line deal – The Transport Ministry is planning to sign a contract with a private consortium for the Red Line railway connecting Bang Sue to Rangsit at a cost of 32.3 billion baht. (Bangkok Post, 14/03/16)
  • U.S. Budget Deficit $192.6 Billion in February – The U.S. budget deficit was little changed in February, leaving the gap between government spending and revenue near a seven-and-a-half year low. The government ran a $193 billion deficit in February, a month in which expenditures typically exceed revenue as tax refunds are mailed. That was up only slightly from a $192 billion deficit last February, the Treasury Department said Thursday in its monthly report. (WSJ, 10/03/16)
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Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16

ANAN has achieved Bt3.6bn in presales from Aston Silom Condo (60% of total). It is interested in joining the “Baan Pracharat” project. It targets 2016 sales of Bt21bn. (Khao Hoon, 18/03/16)
Comment: According to management, they are going to report slower pre-sales than before because they’ll hold some inventory to make more $

ATP targets 2016 revenue of Bt310mn (15% growth). It is talking with four clients, with a decision expected by 2Q16. This will increase its clients to 30. It has put off its plan to acquire a hazardous waste handler. (Khao Hoon, 18/03/16)

COLOR targets 2016 revenue to grow 7-8%, backed by numerous orders. It expects exports to comprise 20%, focusing on ASEAN, Australia, and Europe. (Khao Hoon, 18/03/16)

GUNKUL reports its subsidiary that is engaged in the wind power business began operations at its wind power plants (Sub-Plu Wind farm1&2) on March 17. (Khao Hoon, 18/03/16)

INET expects to benefit from government IT plans in 2Q16 including village internet, digital economy, 4G, and educational and corporate Internet. It expects to get cloud solutions and data center projects. It expects new clients to reach 700 companies. It expects 2016 revenue to be higher than Bt800mn. (Thun Hoon, 18/03/16)
Comment: The digital economy story has gone quiet for a while but companies such as INET, ILINK and even WHA are going ahead with building data centers.

Continue reading Stocks in the news (anan, atp, color, gunkul, inet, jas, jmt, ktis, ncl, phol, ptg, richy, sena, singer, tkn, tmill, vgi, xo) 18.03.16