So this 3Q20 #’s were finally finished just over a week ago. Here are some quick #’s: SET 3Q profit was -31% YoY, +23.7% QoQ, 9M was -50% All major sectors excl construction and transports improved QoQ 5/27 sectors grew YoY, QoQ & 9M 147/778 companies (SET & MAI) grew their profits & eps both […]
Read More →COM7 sees record high 4Q, thanked to newly launched iPhone 12, boosting FY20 revenue up 10% yoy, targets 10% growth for next year, sets Bt400m capex for new branches, automation and new business. Comment: You can buy the new iphone on a 3 year installment plan…..what does that say about consumers’ ability to spend? GUNKUL’s […]
Read More →After this great rally of nearly +20% this month, the question we face is 1) is it over? 2) if not, will it continue, then if so by how much more? 3) what else should we buy? 4) What’s being priced in?
Read More →Notable Transactions Buy(s) THB 154 mn THG – With this new shareholder buying, does it mean that THG will finally have bottomed? Or is it just going to be a shift in the management structure of the firm? Sell(s) THB 85.8 mn SFT – The CEO sells ~2% of shares post IPO
Read More →Kingdom pushes SME promotion : Thailand pushed for the promotion of smaller businesses and the development of service sector workers to address new normal challenges during a virtual Asia-Pacific Economic Cooperation (Apec) leaders’ meeting yesterday. Bangkok Post BoT moves to curb strengthening baht : The Bank of Thailand has liberalised foreign currency deposits and increased […]
Read More →ACG expects big jump 4Q from recovery sales from new launch Honda City hatchback & City hybrid, upbeats outlook on small & mid-size auto market as consumers prudent on spending. Comment: Love Honda’s but the overall industry trend isn’t that positive yet. AOT sees 47.91m passengers next year, rising to 110.88 in 2022, before getting […]
Read More →BCH: mulls petition for additional 10k SSO patients quota, roll out One Day Surgery (ODS) service to boost traffic and margins, will cod 2 new hospitals January 1,21 (Vientiane in Laos and Prachinburi), sees less capex next year, eyes 10-15% revenue growth target. DELTA, BAM and COM7 are expected to be added to SET50 for […]
Read More →AMATA said will miss 950 rai land sale target this year, as 9-10 clients postponed land purchase due to covid. Comment: No surprises here. Though yes arguably AMATA is attractive on an NAV/share basis atm. AOT reported Bt4,320m FY20 NP, ending September 30, -83% yoy, in-line with Bt4,372m consensus. Its reported a core loss of […]
Read More →CBG eyes no.1 domestic energy drink market share by FY22, targeting 20% revenue growth next year from CLMV sales, will finalize plan to list supermarket stores, CJ Express Group, within FY22. Comment: CJ dominates eastern Thailand, didn’t know that eh? Yup a drive around there and you won’t see 7-11’s, tesco’s, bigc’s as much as […]
Read More →AS sees >100% growth in revenue this year, plans 6-10 new games next year, hopes to resume dividend payment mid-2021, sets Bt100-150m capex for Vietnam and Indonesia expansion. Comment: You’ll probably see a quarterly decline in revenues. AUCT upbeats 4Q earnings momentum from accelerating traffic at auction yard as Leasing & Banks purge repossessed vehicles […]
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