Tag Archives: bki

The Thai SEC are growing some sharp teeth

On the back of the sensational news that executives from CPALL were caught with their hands in the cookie jar for front running the public by buying MAKRO shares before the takeover announcement, the SEC has continued on its crusade to clean the SET further.
The latest fines are now to
  • WHA – The founder
    •  Somyos Anantaprayoon, current chairman of WHA Corporation Plc, was fined 500,000 baht for telling two newspapers — published on Oct 27, 2014 — that the company was in talks to acquire a listed company worth 50 billion baht, though such information had not yet been made public.
  • BKI – The Chairman
    • The SEC said that Mr Chai, as director and chief executive at the time, had revealed that BKI would give two stock dividends for every five shares held by shareholders on top of cash dividend payments for the company’s 2013 financial operations to those who bought BKI’s shares from Feb 24 to 25, 2014 ahead of public disclosure on Feb 28 of the same year.
  • GLOBAL – The founders
    • The SEC also fined Witoon Suriyawanakul, chairman of the management committee and director of Siam Global House (Global), and three other shareholders a combined 25.3 million baht for insider trading. The SEC’s investigation found that Mr Witoon bought 8.02 million shares and 3.5 million units of warrants of Global from June 29 to Aug 23, 2012 using accounts of people who have a relationship with him in order to take advantage of inside information regarding SCG Distribution’s planned acquisition of Global. The other three shareholders were viewed as accomplices.
  • AMC – An investor
Granted, WHA’s and BKI’s indiscretions were due to speaking publicly about company events and not front running the public – some may say that this isn’t a serious offence, but in the spirit & letter of the law it definitely is as not everyone was privvy to the same information at the same time.
I’m quite curious to see what else the current head of the SEC, K. Rapee, will announce in the coming months
Source: Bangkok Post

Stocks in the news (anan, bki, tip, bsm, cbg, cyber, drt, forth, gunkul, ifec, jsp, pca, pt, rwi, sena, spcg, syntec) 23.03.15

ANAN says 1Q15 will be good, backed by large backlog. It will spend Bt4bn for land acquisition and double new launches to Bt31.5bn. It plans to grow backlog to grow revenue over the next five years. It believes the property and building tax will raise developers’ cost. (Thun Hoon, 23 Mar 15)
Comment: And this property company continues to grow quietly without the industry really noticing. The biggest question I’ve noted about this firm is that it has yet to fully prove that it can transfer all units from its successfully sold out projects.

BKI and TIP will benefit from the Bt3trn infrastructure projects, particularly Green Line worth Bt8bn which is expected to open for bidding in 2Q15. (Than Sethakij, 23/3/15)

BSM targets revenue growth of 20% this year. It expects earnings to remain sluggish in 1Q15 and recover in 2Q15. (Kao Hoon, 23/3/15)
BSM will set up a joint venture in Myanmar and expects to win a contract worth Bt100mn. It targets revenue to reach Bt1bn in the next three years. It will expand its customer base, both domestic and overseas. It says that 1Q15 revenue will be similar to 1Q14. Its full year revenue will reach Bt600mn and net profit will grow more than 20%. (Thun Hoon, 23/3/15)
Comment: I’ve always liked BSM’s business model and management, never liked it’s stock price.

Continue reading Stocks in the news (anan, bki, tip, bsm, cbg, cyber, drt, forth, gunkul, ifec, jsp, pca, pt, rwi, sena, spcg, syntec) 23.03.15

Stocks in the news (bh, bjchi, mega, nyt, ttcl, bki,cho, demco, ea, ecf, Ichi, ivl, qh, ratch, sawad, true) 16.05.14


MSCI will be calculating BH in its MSCI Global Standard starting May 30, while BJCHI, MEGA, NYT, and TTCL will be calculated in the MSCI Global Small Cap. (Khao Hoon, 16/05/14)
Comment: Fantastic news for all companies involved especially the new ones BJCHI n MEGA‎

BKI reported net profit of Bt627mn in 1Q14 and pay DPS of Bt2.75. It reduced premium growth target to 5% YoY from 15% YoY. Its portfolio investment is expected to generate return of no less than 5% YoY in 2014 and it is waiting to collect good fundamental stocks. (Khao Hoon, 16/05/14)
Comment: Well the insurance industry in Thailand still has an incredibly long way to go and more and more insurance co’s have been looking to invest in div plays in the mkt.

CHO reported 1Q14 net profit of Bt34mn, up 1,500% YoY. It said that earnings will continue to grow in 2Q14 supported by Bt1.3bn backlog on hand and with 60% of that to be booked in 2014. (Khao Hoon, 16/05/14)

Continue reading Stocks in the news (bh, bjchi, mega, nyt, ttcl, bki,cho, demco, ea, ecf, Ichi, ivl, qh, ratch, sawad, true) 16.05.14