So we’ve had the pullback…now what? I still think banks are a big question mark given the continuing decline in ROEs. The tech sector which is effectively True, Advanc and DTAC…cash flow, capex management game to maintain their dividend yields…I wonder what consolidation we can see here, i.e. who will eventually take out JAS for […]
Read More →Notable Transactions Buy(s) THB 112mn MTC – A director makes a big buy here MINT – The COO of MINT makes a YUGE purchase, this is the first time in years that I’ve seen management (i.e. not the owner) make a purchase Sell(s) THB 80mn AUCT – Owner dumps THB 60 mn, probably in a […]
Read More →PPRP toils to keep minnows in coalition : The Palang Pracharath Party (PPRP) has decided to award a “political position” to a small coalition party bloc as Prime Minister Prayut Chan-o-cha prepares to hold clear-the-air talks with the group later this week following their threat to withdraw support for the government. Bangkok Post State allays […]
Read More →CENTEL firms on Bt28.188b 3 years capex, sees stronger 2H on seasonal F&B and Hotel business. Comment: CENTEL vs MINT take your pick for the next 3-5 years. COM7 upbeats 3Q earnings from larger stores network on BTS stations and contribution from revenue sharing via Kerry Express operating at COM7’s 20 outlets. Comment: Well that’s […]
Read More →RATCH in talks with 2 powerplants operations on M&A to offset revenue lost from retirement powerplants in Ratchburi during 2025-27. SCB, BBL and KTB followed KBANK’s lead in cutting lending rates by 25 bps, while keeping the MLR (prime rate) unchanged, responding to Bank of Thailand’s surprise rate cut last wk. Deposit rates were left […]
Read More →BANPU sees revenue contribution from 25.22MW Jixin powerplants in 3Q, firms on 4,300MW power capacity in 2025 Comment: Was 2Q their lowest profit in history? GOLD plans 13 new projects worth Bt13b in 4Q19, firms on Bt17b revenue target this year. PSH said the Greater BKK housing market fell by 13% in 1H19 after the […]
Read More →BAY: to buy 50% stake of SB Finance in Phil for Bt 1.1b, seeks growth outside CLMV. Comment: I actually find this to be a good move. I see a lot of upside in the Philippines of a properly run financial co ILINK to bid for 2 underwater cable projects worth Bt1.955b this month, firms […]
Read More →So earnings have been $hit! Now yes some of it can be attributed to the new accounting policies, but looking across the board its been rather poor in Thailand for the majority of companies. The market is up just +5.5% for the year and its a bloodbath effectively across every sector ex REITs and ICT, […]
Read More →Notable Transactions Buy(s) THB 16.8 mn N/A Sell(s) THB 197 mn SKY – And they keep selling. NOBLE – So one of the new “partners” has decided to exit
Read More →Big spend coming, says Uttama : Govt prioritises tax reform, investment . Expanding Thailand Future Fund (TFF) investment and tax reform are two priority policies that will boost development and help to reduce income inequality, Finance Minister Uttama Savanayana told the Bangkok Post Forum 2019 yesterday. Bangkok Post Three-month strategy unveiled to revive economy : […]
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