ACE sees solid growth momentum in 2H and on track to meet >Bt6b revenue target this year, signs MOU to supply electricity to Asia Clean IE in Chonburi and to join bid for community waste power plant. NBTC board postponed decision on TRUE-DTAC merger, need more info, while consumer advocates petitioned the Norwegian embassy in […]
Read More →AP reported 7M22 sales at Bt29.96b, account for 60% of Bt50b residential sales target, 3Q momentum remained strong from completion of 2 condos Rhythm Ekamai Estate & Life Sathorn Siera, current backlog Bt33.63b ensure earnings visibility, firms on Bt47b FY revenue target. Comment: More market share for the big boys. COTTO expects 2H turnaround from […]
Read More →LH Group could be the one to decide fate of JAS’s broadband (TTTBB) spin-off to ADVANC as the group is the 2nd largest unit holder of JASIF, 616.08m units or 7.7% of total outstanding. Comment: Haven’t looked into this, though I wouldn’t see why LH wouldn’t vote for this change. NRF to cod 1st phase […]
Read More →KBANK may be readmitted to MSCI after raising free-float, sees Bt6.1b inflows, while BAM may be deleted, announcement Aug 11 and effective Aug 31, Tabloid. Comment: It’s going to be a fun week for this sector. MAKRO added 3rd hypermarket branches in Phnom Penh, sees positive feedback from local F&B operators, mulls tapping in VN […]
Read More →It’s going to a funny week, we have: The last week of earnings season A shortened week due to ANOTHER friggin’ public holiday in Thailand The Bank of Thailand meets and I hope raises rates (I want to see a +200 bps, though I’m expected 50-70bps) Then the US Fed meets to wiggle their figures […]
Read More →Notable Transactions Note: It’ll be another week of no trades until earnings season is finished (15 Aug) Buy(s) THB 35.7 mn KKP – Thailand’s most respected(?) banker and the Chairman of the Excom buys shares. Sell(s) 11.9 mn N/a
Read More →Foreign ownership conundrum: Government proposals to allow foreigners to own one rai of land have been applauded by some as a way to revive the economy, but criticised by others who say Thais should be given assistance first. Foreign investment is being seen as a way to revive the sluggish economy, particularly with stagnating domestic […]
Read More →BAY sees no impact from trouble at Zipmex, as it only holds 1% stake in the co. Comment: I wonder how much DD went into this investment BGRIM signed MOU with Laos-gov’t ctrl electricity co, EDF-Gen, to jointly expand hydro, wind, solar & green energy projects in SEA. Comment: They are just taking over the […]
Read More →AMATA and WHA stand to benefit on relocations following fresh China-Taiwan tensions, while ASIAN, TU, TKN, and SNNP may benefit from food export bans, Tabloid. Comment: Well, everyone used to say that AMATA and WHA was going to benefit from the China tariff’s, that didn’t materalise. Why would this? And if there is going to […]
Read More →BAM anticipates 2 year high earnings from lower provision, will wrap up NPA land sales to SENA in 2H, mulls establish distressed assets management venture with finance to boost revenue. Comment: Well I think that we can all guess that BAM and KTB should/will partner. BAY’s card unit, Krungsri Consumer, reported Bt153b card spending during […]
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