Tag Archives: BAY
Stocks in the news (aav, bay, bigc, centel, ck, com7, cpf, cwt, gold, ichi, ocean, uwc) 09.09.16
Stocks in the news (bay, bjchi, com7, delta, drt, eason, hmpro, kbs, modern, ndr, nwr, pttep, richy, scc, scn, sgp, super, tpch, tpipl, true) 27.04.16
Stocks in the news (auct, bay, css, ea, genco, global, polar, samco, smt, syntec, tcmc, uac, vgi) 28.01.16
Stocks in the news (bay, bkd, bwg, cpl, drt, genco, gpsc, ktb, nch, sawad, scc, seafco, sgp, svi, thai, thcom, tpipl, vgi) 22.07.15
BAY
BAY revised down loan growth from 7-9% to 4-6% (excluding loans transferred from BTMU) in response to the slow economy. It reported 2Q15 earnings of Bt4.4bn (+25.9%YoY), 1H15 profit was Bt8.8bn. (Thun Hoon, 22/07/15)
Comment: BAY is a special case within the financial sector with its new shareholder driving new loans from Japanese Corporates.
BKD
BKD targets 2015 revenue growth of 60% from 2014’s revenue of Bt906mn with 10% net margin backed by numerous orders. 2Q15 profit is expected to be good. (Thun Hoon, 22/07/15)
BWG
BWG plans to build a 9.4MW power plant that will use industrial waste as fuel in Saraburi. It expects startup in this plant in 2016. (Khao Hoon, 22/07/15)
CPL
CPL has budgeted Bt100mn to do a JV with a Hong Kong company by set up Integrated Leather Network Co., Ltd to act as DC. It expects to broaden customer base in China, ASEAN and Southeast Asia via this company. (Thun Hoon, 22/07/15)
Stocks in the news (aav, aira, amata, anan, bay, cfresh, ck, gunkul, intuch, ivl, jas, ktc, rci, seafco, smt, tuf) 24.06.15
SET Semi-annual Index Changes
There’ll be the usual annual rebalancing in the SET Indices names this week, the official changes are:
SET50
Additions: BA, BMCL, CBG, ITD, SAWAD, TPIPL, WHA, THCOM
Deletions: BAY, BIGC, BJC, HEMRAJ, KTIS, SCCC, SPALI, VGI
SET 100
Additions: ASP, BA, BEAUTY, CBG, CKP, LHBANK, MONO, RS, S, SAPPE, U, UNIQ, WHA
Deletions: BAY, BCH, BIGC, BJC, IFEC, KTIS, MEGA, NOK, PTG, SCCC, SIM, STA, THREL
SETHD Index
Additions: ASP, CPF, HANA, PS
Stocks in the news (aot, bay, bjchi, ifec, irpc, itd, jas, kbs, ml, noble, tgci, trt, tse, vgi) 29.04.15
AOT
Don Mueang commercial area in Terminal 2 up for bid – AOT plans to open bidding for the commercial area in Terminal 2 at Don Mueang airport. (Khao Hoon, 29/04/15)
BAY
7-9% loan growth this year – Bank of Ayudhya (BAY), Thailand’s fifth largest bank by assets, expects loan growth of 7-9% this year, primarily from corporate lending, while intending to cap its nonperforming loans (NPLs) at less than 2.5%. President and chief executive Noriaki Goto said the main sources of loan growth would come from the corporate sector, but BAY would be cautious on expanding its retail loan portfolio. (Bangkok Post, 29/04/15)
BJCHI
BJCHI’s shareholders approve cash dividend of Bt0.25/share and stock dividend at 4 existing shares to 1 stock dividend. Payment is on May 26. The company will split par from Bt1/share to Bt0.25/share to gain greater trading liquidity. This year it expects 15% revenue growth and believes it is positioned to get Bt12bn in projects with high potential. (Than Hoon, 29/04/15)
Comment: I generally don’t care more for stock dividends in the thai market because of the way retail investors react. BJCHI still is a decent company despite what is happening with oil prices.
Stocks in the news (abc, bay, cho, ck, dcc, ea, eforl, egco, epco, erw, ichi, ktc, mcot, mtls, pylon, sawad, scp, siam) 23.04.15
ABC
ABC expects shareholder approval to increase capital and list ABC-W2. The company hopes to use the capital to expand its property business. It has land of over 4,000 rai in Hua Hin. It is ready to push M-Commerce business to be its main source of revenue in the future. (ThunHoon, 23/04/15)
Comment: So this IT company that had big plans to be a massive ecommerce platform has now decided it shall go into property in as well, I can see the synergies here, selling property via ecommerce! C’mon people you gotta believe!
BAY
BAY sets up shop in Yangon, Myanmar in order to support clients in large and SME business via a joint venture with BTMU. (Khao Hoon, 23/04/15)
Comment: With the Japanese running the shop now, I am not surprised to see this expansion into Myanmar
CHO
Joins e-bidding to provide 489 NGV buses for BMTA. Its bid is the lowest, but the BMTA is unable to make a final decision because it needs to first negotiate the maintenance fees with bidders.(Khao Hoon, 23/04/2015)
FTSE index rebalance
There was a FTSE index re-balancing that occurred on Friday, here’s the breakdown:
- Large cap inclusion: TRUE (from mid cap); exclusion: BAY.
- Mid cap inclusion: none; exclusion: TRUE (from large cap).
- Small cap inclusion: CK, BMCL, SUPER, GUNKUL, GFPT, TICON, CHG, CKP, KCE; exclusion: CPNRF, SUC.
- All-world inclusion: none; exclusion: BAY.
- All-Cap (LMS) inclusion: CK, BMCL, SUPER, GUNKUL, GFPT, TICON, CHG, CKP, KCE; exclusion: BAY, CPNRF, and SUC.