WHTW: Top 10

  • Cabinet nod for B2bn AIIB initial payment — The cabinet yesterday approved an initial payment of 2 billion baht from the central budget to the China-led Asian Infrastructure Investment Bank (AIIB). Thailand, which wants to become a full member of the bank, was required to make the payment before the AIIB holds its first annual meeting on June 25 and 26 in Beijing. (Bangkok Post, 25/5/16)
  • Exports fall 8% in April – Thai exports slipped back in April after two months of growth, hit by continued weak global demand and falling commodity and oil prices. (Bangkok Post, 26/5/16)
  • Three electric train auctions set for June – Three electric train projects worth a total of over 200 billion baht will be auctioned next month, says Deputy Prime Minister Somkid Jatusripitak.         The three are the Orange Line connecting Thailand Cultural Centre with Min Buri, worth 110 billion baht; the Pink Line from Khae Rai to Min Buri, worth 56.6 billion baht; and the Yellow Line from Lat Phrao to Samrong, worth 54.6 billion baht. (Bangkok Post, 26/5/16)
  • THE PRICE of rice in the domestic market is expected to increase by about 5-10 per cent late in the year after drought lowers the supply – The price of packed rice has increased by about Bt5-7.50 per 5-kilogram pack since the beginning of this year, but is still under the government’s official ceiling, he said. However, the supply of rice continues to drop, the price could increase in the third or fourth quarter of the year, Somkiat said. However, rice packers will not immediately increase retail prices as there are still enough stocks to last until September. (The Nation, 24/5/16)

Continue reading WHTW: Top 10

Stocks in the news (big, bjc, bkd, ci, epg, hana, ndr, prin, richy, rp, samart, tks, tmill, tpch, trc, tsr, tvd) 27.05.16

BIG
BIG expects 2Q16 earnings to be good with high margin of 32.4% backed by the mirrorless camera. It plans to open shops to provide photo printing in June, which will boost its net profit. (Thun Hoon, 27/05/16)
Comment: Their YoY growth numbers do look fantastic, the question then becomes, is it sustainable? What product can they push next to continue this growth or is there a natural limitation before the market becomes saturated.
 
BJC
BJC plans to increase its registered capital and issue debentures to refinance loans and repay bank creditors after acquiring BIGC .  (The Nation, 27/05/16)
Comment: Boom massive recap, more info to come
 
BKD
BKD plans to sell 20 rai of Krungthep Kreetha land. A listed company offered Bt600mn but it is holding out for a price of above Bt700mn as a road is coming that will provide access. (Khao Hoon, 27/05/16)
CI
CI expects 1H16 earnings to be good thanks to property stimulus measures. It expects 2016 revenue of Bt3.15bn backed by transfers and Bt3.4bn in new projects. It expects this to increase its backlog from Bt3bn, covering revenue through 2018. (Thun Hoon, 27/05/16)
EPG
EPG expects to report FY2016 earnings today. It expects net profit to be higher than Bt1.5bn, 140% growth, backed by large orders for every business. (Khao Hoon, 27/05/16)

Continue reading Stocks in the news (big, bjc, bkd, ci, epg, hana, ndr, prin, richy, rp, samart, tks, tmill, tpch, trc, tsr, tvd) 27.05.16