Category: Commentary

ThaiCapitalist Commentary

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Stocks in the news (advanc, bam, cpall, kbank, or, prm, pttep, vranda) 03.02.25

ADVANC’s broadband unit, 3BBIF, restructuring loan with BBL, interest will be lowered from MLR to MLR -2.9% on Bt5.45b outstanding loan in accordance with BBL facility agreement. BAM allots Bt8b budget to purchase bad debts this year, aims to scoop up Bt30b-Bt40b depending on quality, launch financial prog (Smart Garden Home), allows NPA buyers who […]

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Stocks in the news (cpall, erw, pttep, sawad, stecon, sti, top) 31.01.25

CP Group, major holder of CPALL, was approached by Seven & I founder family to join in management buyout of 7-11 convenience store chain to fend off a $47b takeover from Canada’s Alimentation Couche-Tard. Itochu & Apollo Global Management are among potential partners the family has reportedly sounded out. Comment: This is amusing. Some believe […]

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Stocks in the news (mtc, scc, warrix) 30.01.25

MTC reaffirms solid 4Q24 from improved assets quality, positive momentum from consumer credit & cash collection. Comment: No matter what the economy is (barring a total crash), MTC seems to always do well, all thai governments bail out their customer class. SCC reports loss Bt512m 4Q24, -55% yoy, vs loss Bt839m estimate, due to Long […]

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Stocks in the news (mint, osp, scc, sq, ttb) 29.01.25

MINT forms venture co with JPN partner, Royal Holding, to develop 21 lux hotels in JPN by 2035. Comment: Active again…what am I missing here? It does feel like its picking up. OSP is expected to report sluggish 4Q from shrink domestic energy drink market share and surged marketing exp & FX loss from operation […]

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Stocks in the news (egco, ktc, lpn, mint, mrdiy) 28.01.25

EGCO completes divestment of its 49% ownership interest in RISEC 609mw natural gas power plant in Rhode Island to Shell Energy North America. KTC expects Government’s Easy E-Receipt tax rebate from Jan 16 – Feb 28 to help boost credit card spending in 1Q25, despite sluggish economy. KTC aims to issue 250K new cards and […]

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Stocks in the news (forth, gunkul, mint, pism, prapat, top) 27.01.25

FORTH sets >Bt10b revenue target this year on growth in all segments, with Bt4-5b target for Government’s Enterprise Solutions bids, focusing on high margin project with less competitions., sees solid growth in FSMART’s loan growth, and expand Tao Bin overseas. Comment: This will be interesting to observe… GUNKUL maintains Bt10b FY25 revenue growth target, sees […]

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Market Update 27/01

Banks generated profit growth….look at the last 6 months performance of thai bank stocks, you may be pleasantly surprised. Financial repression (h/t to clever scottish fellow) works well for Thai Banking performance. Casino update – have a look at this Bangkok Post – Cabinet approves Port Authority revamp – does this mean that Port Authority […]

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