Prayut may announce political future in September. Prime Minister Prayut Chan-o-cha has indicated he will make it known in September whether he will formally enter politics, while reiterating that his military government is committed to holding a general election early next year. (Bangkok post, 22/06/18) SME Bank offers B58bn in loans. The state-owned Small and […]
Read More →AOT AOT Passenger growth of 9.88% in 8MFY18. AOT said passengers in the six airports that it operates rose to 95.54mn or 9.88% in 8MFY18. Lead tourists were from China, South Korea, Japan, India and Russia. (Thun Hoon, 29/6/18) CHOW CHOW signs MoU with photovoltaic manufacturer. CHOW notified the SET that on June 27, 2018, […]
Read More →BGRIM-GLOW The Energy Policy Committee is considering renewal of SPPs that expire in 2017-2025. The renewal would be for three years, which is fewer than hoped. BGRIM and GLOW will be benefit from this renewal plan. (Kao Hoon, 27/6/18) Comment: I don’t have many positive comments on the EPPO nor the Ministry of Energy at […]
Read More →AOT Yesterday, AOT opened a new domestic terminal at Phuket Airport that will increase passenger capacity to 12.5 million/year. For its 7MFY18, the company reported passenger traffic growth of 10% YoY to 84 million. (Thun Hoon, 26/6/2018) Comment: Finally this is completed. More expansions coming for AOT ASAP ASAP expects revenue to grow 25% this […]
Read More →And it’s outttt, here’s my fav snippets and a link to the rest of the commentary We believe that the current business cycle has at least several more years left to run. The major signs that would herald the beginning of the next recession are not yet in place. Unemployment is low and likely to […]
Read More →ARIP ARIP arranged a 2nd event on June 21-24 and expected Bt3bn revenue turnover at the event. Management aims to get high-margin projects to continually boost revenue and profit. 2Q18 performance is expected to improve QoQ though 2018 performance is likely to be similar to 2017. (Thun Hoon, 25/6/18) BCH BCH’s 2Q18 earnings are expected […]
Read More →Notable Transactions Buy(s) THB 500 mn TMT – A share swap between family members SAWAD – And she’s still buying the shares! BTS – And he’s still buying the shares! NFC – Going to watching this closely, he seems to want to reach over 60% shareholding in this newly listed company RCI – DCC family […]
Read More →Nothing pretty in the market. The selling amongst smaller names has been indiscriminate and it’s a fact that if you remove the performance of PTT Group, the market would be in the 1,500’s, should there be another 5-10% drop in oil, watch the market drop to 1,500 levels and as seen from the drop from […]
Read More →FIF fund inflow down. The high volatility of the market and negative return led investors to sell off the Bt47bn of the global bond fund. In the first five months, the FIF fund inflow amounted to Bt6.bn1, down from last year’s Bt80bn in the same period. Behind this is high volatility in the foreign market […]
Read More →BCP BCP expanded its upstream petroleum business with the acquisition of a Bt3.76bn field in Norway. (Kao Hoon, 22/6/18) BEM BEM has amended its agreement with CK to speed up the construction of the Blue Line, targeting operational startup on August 14, 2019, ahead of the original schedule of September 2019. (Kao Hoon, 22/6/18) GPI […]
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