WHTW: Top 10

  • State firms plan investment spree to boost the economy — In the second half of this year, 55 state-owned enterprises will invest at least Bt100 billion, to add to the Bt130 billion in the first half, in order to boost economic growth by 0.3-0.4 of a percentage point. (Bangkok Post, 29/8/16)
  • Auto decline brings down July exports — Thai exports contracted for the fourth consecutive month in July, by 4.4% year-on-year, bringing down shipment growth in the first seven months of the year to minus 2%, according to Commerce Ministry. The major factors for the July decline were slumping shipments of refined oil (-40.7%) and automobiles (-27.5%), which brought down industrial exports by 0.4%. (B angkok Post, 26/8/16)
  • Q2 unemployment rate rises in the midst of declining exports – Despite recent signs of economic recovery, the jobless rate continued to rise in the second quarter, leading overall nonfarm sector employment to fall slightly from the first quarter. (Bangkok Post, 30/08/16)
  • BoI offers raft of incentives towards medical hub in Thailand – AS PART of the effort to turn Thailand into a medical hub, the Board of Investment yesterday approved a raft of promotions, including a five-year waiver of corporate income tax for pharmaceutical firms. (The Nation, 30/08/16)
  • Digital ad spending to hit Bt10 bn in 2017 – AD SPENDING on digital media will reach Bt10 billion next year, encroaching on territory held by mainstream media such as television and newspapers, the Digital Advertising Association (Thailand) projects. (The Nation, 30/08/16)
  • Yellen: Case for raising rates has strengthened ‘in recent months’ — In a much-anticipated speech Friday at the central bank’s annual Jackson Hole summit, Fed Chair Janet Yellen voiced optimism about the economy and an expectation that interest rate hikes are ahead. Speaking as the market wonders when the Fed will resume a policy tightening that began in December, Yellen issued some cautionary tones, but pointed to more increases on the horizon. (CNBC, 26/8/16)

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Stocks in the news (amata, banpu, big, bkd, dcon, ekh, kiat, modern, ncl, pace, pf, pimo, rjh, sena, spcg, tcmc, tmill, vibha) 02.09.16

AMATA
AMATA expects 2016 land sales to hit target of 1,000 rai. It has land of 1,000 rai to support investment. It is confident that total revenue will grow no less than 5% supported by its backlog of more than Bt1.3bn. (Thun Hoon, 02/09/16)
BANPU
BANPU plans to COD 118MW this year, with full year capacity of more than 2000MW. Recently, it worked with twelve universities to install solar roofs. It expects 2016 revenue to reach target of Bt120bn backed by coal price recovery. (Thun Hoon, 02/09/16)
BIG
BIG expects 2H16 profit of more than Bt560mn, increasing 200% YoY, supported by introduction of a new mirrorless camera and a Big Pro Days event to raise sales. (Kao Hoon, 02/09/16)
Comment: Looking forward for next year, if they can’t expand their network then growth numbers may drop to single digits
 
BKD
BKD plans to book extra item of Bt400mn from sale of land in 2Q17 after the board approved the sale of 19 rai at Krungthepkritha for Bt487mn. If the company does not reinvest the money, it will use it to pay a dividend. (Kao Hoon, 02/09/16)
Comment: Well if they pay out the entire proceeds from the land sale then it would be more than a 10% special dividend
 
DCON
DCON expects 4Q16 to be peak supported by more orders and booking revenue from the sale of land. It is confident that 2016 revenue will be better than last year. It expects 2016 revenue of no less than Bt1.1bn. It plans to expand production lines and list a subsidiary in 2018. (Thun Hoon, 02/09/16)
EKH
EKH expects 2016 revenue and profit to be a new high. It expects revenue growth of 15% backed by more patients and expects 2H16 earnings to grow more than 1H16 due to high season. It expects 3Q16 earnings to be a new high. It plans to build a new pediatric center next year. (Kao Hoon, 02/09/16)

Continue reading Stocks in the news (amata, banpu, big, bkd, dcon, ekh, kiat, modern, ncl, pace, pf, pimo, rjh, sena, spcg, tcmc, tmill, vibha) 02.09.16