Market research on Thai Stocks in the SET Index
PLANET wins 1.5mw solar rooftop contract for 50 branches of CJ convenience stores. Comment: You know this is effectively worth zilch, f all, nada, BUT it makes the sustainability ESG monkeys happy. SCB announced to pay a cash dividend of Bt10.34 per share for its FY23 performance, implying a payout ratio of 80.0%. Note that […]
Read More →BEM reported 5 tranches of bond total Bt5b sold out, 5.2x times covered, pays 3.07-4.05% p.a., will use proceed to refinance Blue line MRT project. Comment: Strong players are going to be perfectly fine. Look at that cost of financing, it’s peanuts. EA expects to wrap up big-lot EV orders by end of 1Q, target […]
Read More →Note: It still seems to be an incredibly quiet news period. PTTGC t/g chem sales +7-10% yoy on shorter period of maintain shutdown, higher contribution from Allnex on improved demand for coating for auto, metal and packaging, sees FY PE spread higher yoy, set US$150m FY24 capex to increase proportion of HVA products. Comment: Yawnzz […]
Read More →Notable Transactions Buy(s) THB 8.7 mn Sell(s) THB 17.9 mn
Read More →PRM: will takes delivery of 2 vessels (crew boat & AWB) in 1H, upbeat outlook from improve traffic on O&G transport supported demand for travel, support vessels for O&G EP, eyes 10% revenue growth target. Comment: And yet the share price never really ran. TU: bondholders approved change to interest coverage ratio & proposal to […]
Read More →BGC: teams up Singha Corp to acquire 26% stake of Bangkok Can Manufacturing, a subsidiary of JPN Toyo Seikan (TSG), seeks to expand upstream to packaging material, branch out from glass & PET bottle to aluminum can & tin lids for beer & beverages. Comment: Well of course they are “teaming up” they’re the same […]
Read More →CENTEL: is expected to be the main beneficiary from extend Thai traditional holiday to 5-days in Apr after government declared extra holiday on Apr 12 for government offices & state agencies thanks to vast hotels coverage across country, upside from F&B unit (CRG), Thunhoon. Comment: Well no…but fine. EURO: home decorative products distributor, Euro Creations, […]
Read More →AOT: will raise passenger service charge (PSC) from Bt 700 to Bt 730/passenger for international departures & from Bt 100 to Bt 130 for domestic starting Apr 1. Comment: Well that’s an instant bid…. BJC: reaffirms solid 1Q driven by robust sales of consumer goods supported by CNY spending, international travelers, shopping tax rebate stimulus […]
Read More →AOT sets Bt9b capex to expand East terminal, adding 66k sq.m. to up SIA capacity to 60m psx p.a. from current 45m, expects to open bid within Apr-May, begin construction in July, target completion within 2 years. AOT’s expected to report after close Bt5.1b 1Q24 (ending Dec 23) consensus. Comment: People forget that AOT had […]
Read More →Notable Transactions Buy(s) THB 13 mn Sell(s) THB 4 mn
Read More →