Well done Thailand! Continuing its wonderful streak of being one of the worst performing stock markets in the world, the SET is -11% YTD. Now this is of course a bit messy…scroll down to the electronics sector which effectively is DELTA and that name is -50% this year due to the company missing earnings…and unable […]
Read More →The planned takeover of TTTBB by ADVANC still awaits the nod of the NBTC board, with a meeting scheduled for Oct 25 as all key documents for the determination were sent to the NBTC office as of Oct 14.Comment: C’mon Sarath, just pay them and get it done. BGRIM’s subsidiary, RES Company Sicilia, buys 81mw […]
Read More →The BMA said ANAN may not have to tear down its Bt6.5b Ashton Asoke condo, after Supreme Admin Court has revoked its construction permit, if it can secure extra piece of land to widen the entrances and re-apply for a permit. Comment: Voila, mentioned yesterday (https://www.thaicapitalist.com/random-thoughts-shingles-kill-the-bastard-vietnam-anan-thai-politics/) AWC acquires Plaza Athenee NY for Bt7,789m, with rights […]
Read More →ALT wins e-reading meter project from Provincial Electricity Authority (PEA) valued at Bt300m. BAM reported Bt22b NPA acquired in 1H, seeking board approval to buy additional Bt33b in 2H, mulls expand distressed assets management in CLMV & Malaysia. Comment: There’s no point expanding to countries where the legal jurisdication isn’t set up for distressed assets […]
Read More →ACE to expand private PPA, sees growth there, to sign PPA for 18 alternative energy power plants by Oct, boosting capacity to 112.73MW. AMATA reaffirms 2,250 rai land sales target, entering high season, sees no impact from political impasse, as long as it’s peaceful. ITD with China Raiway jv won Bt9.34b railway construction contract in […]
Read More →I still hold to what I wrote last week, Market Update 17/07 | ThaiCapitalist, a government is being formed, the bottom has passed for now. For the market, banks’ are reporting now, can’t expect anything pretty unless they’re going to be clever about hiding the real NPL figures, and I wouldn’t be surprised to see […]
Read More →AKR upbeats outlook from healthy demand for transformer on power project expansion, tailwind from EPC solar project, seeks to expand via Private PPA to boost growth, firms on 15% full year revenue growth target. AMATA sees no impact from power shortage in Vietnam, with sufficient power gen capacity in 3 of its Vietnam’s IE, sees […]
Read More →AKR upbeats 2Q from Bt600m backlog pending to realize, expects demand for transformer accelerate in 2H after 4,852mw renewable PPA signed as 1 transformer requires for every mw, will bid project from authorities (MEA & PEA) combined Bt3b in May & Jun, target to win at least 10-15%, firms on 15% full year revenue growth […]
Read More →Like I said…Thailand has effectively been on holiday since mid-April until mid-May, and now volumes have returned to the market and earnings season is almost over. What’s happening this weekend? Well well well there’s a little thing called the election, and here is what is very amusing….everyone practically has a general idea of the outcome […]
Read More →Now we’re in the grey zone, it’s a while (by end of March) before FY2022 figures are properly out and companies talk about their outlook for FY23. The market will be moving on news (hello Iran). There are still two movies on one screen:1. Higher cost of capital, higher cost of living/business vs 2. Reopening, […]
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