Stocks in the news (advanc, ajd, amatav, bcp, ccp, delta, ea, ecf, ktc, ktis, malee, wha) 19.05.16

ADVANC will bid for 900MHz. It is ready to pay the guarantee of Bt3.78bn after getting backing from BBL and KBANK. The bidding will be on May 27 and first payment expected in June 2016. (Thun Hoon, 19/5/16)
Comment: Should be a non-event, my eyes are just turning towards 2Q #’s to see how competitive the fight for subscribers has been.
AJD reported 1Q16 net profit of Bt79.04mn, up 669.08% YoY, supported by more revenue from on-line top-up machines, set-top boxes and continued growth in its electricity ventures. It expects to sell 50,000 on-line top-up machines to support revenue growth 10-15% in 2016. (Thun Hoon, 19/5/16)
AKR expects 2Q16 earnings to be good supported by a corporate transformer job and bidding for EGAT transformers of more than Bt6bn. It is confident that revenue will grow 50% in 2016. (Thun Hoon, 19/5/16)
AMATAV sets 2016 revenue target of Bt1.4bn. It is confident that It will have transfers of 156 rai. It is negotiating to sell land 60 rai in 2Q16. It plans to develop an area in Vietnam. (Kao Hoon, 19/5/16)

Continue reading Stocks in the news (advanc, ajd, amatav, bcp, ccp, delta, ea, ecf, ktc, ktis, malee, wha) 19.05.16

WHTW: Top 10

Here is the biggest WTF, with every government budget, the Ministry of Education has for the past … decade or so received the highest budget (or near the top) amongst all the government departments and yet the education levels here are still incredibly low when compared to the … well virtually any other country. Doesn’t quite help w/ the military deciding to change some parts of the history books or including extra hours for students to be brainwashed, sorry nationalistic.

  • Apisak sees at least 3% growth this year — Finance Minister Apisak Tantivorawong believes the economy will expand at least 3% this year, though the Bank of Thailand was recently alarmed over rising downside risks to growth. (CNBC, 14/5/16)
  • Economy buoyed by robust tourism growth – Thailand’s GDP growth hit a three-year high of 3.2% in the first quarter, thanks to government stimulus measures and rapid improvement in the tourism sector, says the country’s economic think tank. (Bangkok Post, 17/5/16)
  • Cabinet nods to 2017 expenditure budget – Director of the Bureau of the Budget Somsak Chotrattanasiri reported that the Cabinet has agreed to set the expenditure budget for fiscal year 2017 at 2.73 trillion baht while projecting revenue of 2.34 trillion baht and a budget deficit of 390 billion baht. According to the budget allocation plan, the Ministry of Education secures the highest budget at 519.29 billion baht. Another 398.95 billion baht is set aside as the central budget, decreasing by 56.43 billion baht from the current fiscal year. (NNT, 16/5/16)

Continue reading WHTW: Top 10