Management Trades 25/10 – 29/10
Notable Transactions Buy(s) THB 1 bn T – A reverse IPO, new owners came in at 0.02, market price 0.62. Sell(s) THB 62 mn BANPU – So he’s dumped what he bought via the RO.
Read More →Author: Pon
Random Thoughts: The Purple Chicken Rises
I’ve referred to Siam Commercial Bank as the Purple Chicken since 2013 when they requested and received from the Bank of Thailand the right to expand the single lender limit from 25% to 60% to assist CP Group in the financing for their acquisition of MAKRO. Source: https://www.bangkokpost.com/business/352709/bbl-ktb-agree-loans-for-cp-makro-deal A few weeks ago SCB decided to […]
Read More →WHTW Top 10: 25/10 – 29/10
China, India to be invited to join development efforts: Thailand, Indonesia and Malaysia will deepen economic and logistic cooperation under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) with a plan to invite China and India into the partnership. Bangkok Post BoT eases mortgage LTV ratio: Move aims to boost property sector. The Bank of Thailand (BoT) has […]
Read More →Stocks in the news (aot, awc, ekh, global, rml, qlt, tfm, tidlor) 29.10.21
AOT: Civil Aviation Authority (CAAT) reports 27 airlines scheduled to land in Thailand during November 1-5 Nov, 15,230 passenger arrival on the first 5 days where 10,062 passenger straight to Phuket Comment: The YoY %’s are going to be YUGE! AWC: to open 248 rooms Marriot Courtyard Phuket on November 9. Comment: But they’ll open […]
Read More →Stocks in the news (aja, b, bay, bgrim, dohome, dpaint, erw, mbket, or, scc, ssp) 28.10.21
AJA: signing MOU with National Telecom (NT) to develop smart city for tourist towns including Hua-Hin, Phuket & Pattaya. B: top holder, Millcon Steel, cuts holding by 1.4188% to 8.6251% of total outstanding on Tuesday BAY: sells Bt1.4b bad loans to BAM for Bt940m, 33% discount to combined face value. Comment: BAM always OVERPAYS. The […]
Read More →Stocks in the news (bam, ratch, cpall, egco, scgp, solar) 27.10.21
BAM & RATCH are expected to be remove from MSCI index on an upcoming reshuffle announcement November 11, effective at the close of Nov 30, tabloid. Comment: And the replacements will be MAKRO and…? CPALL: anticipates 4Q turnaround from positive SSSG, expects sales jump after curfew lifted on October 31 (11pm) as sales during 7pm-10pm […]
Read More →Stocks in the news (banks, bgrim, ind, kbank, nrf, rt, solar, sta, toa, trc) 26.10.21
BBL, BAY, TTB & UOB lodged bid for Citi retail assets in TH; KBANK & SCB drop out, estimated price goes as high as Bt70b, tabloid. BGRIM: in talk M&A domestic & overseas power plants total 500mw, expected to wrap up within 4Q, lifts total capacity above 3,400mw, firms on 15% revenue growth target. Comment: […]
Read More →Table: Margins in TH (+SEA)
We distributed this datasheet a month ago to investors. The takeaways for Thailand are: Public companies are stronger than private ones Revenue does not need to return to pre-c19 levels to achieve the same margins Now the questions: How much better will margins be in the coming quarters/years as economies reopen? How much higher a […]
Read More →Stocks in the news (aot, cpn, irpc, glory, grammy, ratch, sawad, bfit, stanly, tcap, uac) 25.10.21
AOT: sees earnings at trough cycle, expects FY22 loss narrow to Bt4b from Bt15b loss this year, target 62.3m passenger arrival in FY22 & 116m FY23. CPN: opening 2 malls this week, Central Sriracha on Wed & Cental Ayudhaya on Saturday, reassure FY21 earnings no less than last year. Comment: They are the giant in […]
Read More →Market Update 25/10
Banks banks banks – hey the #s were amazing – no surprise – BOT policies allowed for them to hide NPLs and kick the can down the road for the next 5-10 years. Watch them slowly provision all their issues every q and how magical the figures will be. Now throw in the higher interest […]
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