WHTW: Top 10

  • New talks on G2G rice deal with China — THE GOVERNMENT plans to renegotiate with China deals for the sale of rice and other agricultural products after deciding to go it alone in the Bangkok to Nong Khai high-speed rail project instead of engaging in a joint venture with the economic powerhouse. (Bangkok Post, 10/5/16)
  • Move aims to double revenue by 2027 — The Excise Department is studying a plan to impose higher taxes on fuel, alcohol, beer, tobacco and telecommunications services with the aim of doubling revenue to almost 1 trillion baht by 2027. (Bangkok Post, 10/5/16)
  • March loans steady as banks remain wary of credit quality — Overall commercial bank loans declined in March on a monthly basis but registered a year-on-year upsurge as businesses seek loans for investment and working capital, reports the Bank of Thailand. (Bangkok Post, 11/5/16)
  • Rising internal risks causing concern — The Bank of Thailand’s Monetary Policy Committee (MPC) held the policy interest rate steady at 1.5% as expected yesterday, but voiced concerns over heightening internal downside risks that could derail private consumption and investment. (Bangkok Post, 12/5/16)

Continue reading WHTW: Top 10

Stocks in the news (acap, bkd, cpf, major, mint, mtls, pcsgh, prin, snc, ticon, tog, tpch, uac, vgi, wice) 13.05.16

ACAP
ACAP reported 1Q16 profit of Bt16mn, up 244%, after changing strategy to focus on major customers and get new ones. It targets loans of Bt2bn by end-2016. (Kao Hoon, 13/5/16)
BKD
BKD reported net profit of Bt16.59mn, growth of 27%. It plans to reverse doubtful account of Bt28mn and profit on a delayed project of more than Bt20mn in 3Q16. It plans to bid for work worth Bt1bn. (Kao Hoon, 13/5/16)
CPF
CPF expects sales to grow 10-15% in 2016. It reported 1Q16 profit of Bt3.76bn, growth of 27% and revenue of Bt105bn, up 10%. It has an investment budget of Bt10bn. It plans to issue a debenture worth Bt10bn in 2H16. (Kao Hoon, 13/5/16)
Comment: A main reason for the market performing well recently, its GPMs were 400 bps higher than most analysts forecasts
MAJOR
MAJOR expects revenue and profit target growth of 10% in 2016. It expects 2Q16 will be new high. It will report 1Q16 earnings today. It has budgeted Bt1bn to add 100 movie screens in Thailand and abroad. (Kao Hoon, 13/5/16)
MINT
MINT reported 1Q16 profit of Bt3.57bn or growth of 66% supported by booking extra item plus an uptrend in its food and hotel business. (Kao Hoon, 13/5/16)
Comment: It’s just incredible that they have been able to grow this well despite being @ a higher base each and every year

Continue reading Stocks in the news (acap, bkd, cpf, major, mint, mtls, pcsgh, prin, snc, ticon, tog, tpch, uac, vgi, wice) 13.05.16

MSCI Semi-Rebalancing: Thailand has 11 changes

Changes in constituents for the MSCI Global Standard Indexes which will take place as of the close of May 31, 2016.

MSCI Thailand:                         (+2) EGCO, ROBINS

                                (-) none

MSCI Small Cap (Thailand):        (+3) DNA, GL, S
(-6) EFORL, SAMTEL, SDAT, SRICHA, TIPCO, TTCL