Notable Transactions Buy(s) THB 714 mn JMART – We were surprised to see this massive buying back by the founder, but also quite happy about it too :p EA – A switch between personal and corporate holdings MPG – Looks like a back door is happening here. BEM – A director buys a share amount […]
Read More →Cryptocurrency draft draws flak: Qualifications bar majority of Thais. A draft of qualifications for cryptocurrency investment by the Securities and Exchange Commission (SEC) is sparking heavy criticism from the public as it effectively bars the majority of Thais from trading digital currency by requiring them to have annual income of 1 million baht. Bangkok Post […]
Read More →EA sets Bt6b capex for expansion, soon to COD lithium ion battery plant 1st phase and electric bus factory, while Amita, a subsidiary in Taiwan, in jv with ITRI research institution to develop solid-state battery. Comment: Good luck, keep up the ridiculous investments that will only pay off if the company gets a concession contract […]
Read More →BPP’s planned investment in 1,000MW gas PP in the US and another large one oversea in a form of JV, with <50% stake, will be concluded in 1H21, a few more clean energy powerplants with 100-200MW capacity planned by end of year. Comment: Bam bam bam, natty gas. Great for the ESG story. But the […]
Read More →BCP sees returning to profitable this year, after oil price and GRM recover, sets 100K bbl/day capacity target and Bt23b capex to expand retail stations by 100 and Intanin coffee by 150, and submits filing for BBGI listing in 2H21. CSS targets FY21 revenue growth >20% driven by telco network installation & maintenance projects, recognition […]
Read More →NOBLE targets launch plan for 11 projects total Bt45b, target topline >Bt11b Comment: And yet we hear they are having to selling off buildings/units to the distressed funds. Then again who cares? They’ll get the capital back, retire the debt and reinvest into a new project in a “better location” PRM anticipates strong OCC on […]
Read More →MGT: allots Bt200m budget for M&A, aiming to branch out from industrial chemical to F&B, pharmaceutical & cosmetics chem solutions eyes 20% revenue growth target. Comment: Why don’t they just say they’ll do cannabis and watch the share price rise 20-30%? MINT: board approved issuance 2 tranches of warrants total 341.26m units to existing holders […]
Read More →How lucky was the SET to be closed last Friday whilst the whole region dropped 1-3%? All earnings are out and well, aside from what was expected i.e. non-finco’s, staples, the rest were rubbish YoY. Starting mid year when 2Q #’s are out you’re going to be amazed by the performance. Gene therapy, eh-hem, I […]
Read More →Notable Transactions Buy(s) THB 18 mn N/a Sell(s) THB 90mn SIMAT – The Vice Chairman sells off a block of shares (~1.90%) Now that earnings season is over, I expect to see more management buying/selling this coming week/month
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