AJ Management expects good performance in 2H14 after 2Q14 earnings of Bt13.71mn, up from a net loss in 1Q14. It plans to add value-added products and increase high-end clients overseas, supporting profit margin. It expects to be in the black in 3-5 years. (Thun Hoon, 27/08/14) Comment: This company has been losing money for the […]
Read More →Indonesia has a wonderful problem when compared to Thailand they can invest and invest and experience a huge growth in the automotive sector, similar to what Thailand has had in the past decade. Once their infrastructure is completed and on an acceptable level for automotive manufacturers to invest and for the automotive eco-system to exist there […]
Read More →So the automotive industry in Thailand is dying? Well the largest automotive car maker in Europe, Volkswagen, has recently applied to set up its first plant in Thailnd under the government scheme that requires car makers to invest at least THB 6.5 bn and that annual production must reach 100,000 cars in the fourth year […]
Read More →AH Aapico to slim down on costs- Aapico Hitech Plc (AH), the SET-listed automotive parts manufacturer, plans to maintain its 2014 profit margin at 3-4%, the same level as last year, even though its revenue is expected to fall by 5-10% in line with sluggish domestic car sales. (Bangkok Post, 19/03/14) Comment: AH has a […]
Read More →Ok slightly sensationalist headline, because Japanese firms are still heavily investing in here however at a slower growth rate and we’ve commented here before that Japanese automanufacturers are looking more closely towards Indonesia for the following reasons: The perception that Indonesia is now politically less risky and cheaper than some neighbors is adding to the […]
Read More →While the news for most of this year has been about the fact that too many cars were sold last year domestically and that auto manufacturers were going to suffer tremendously. What we’ve seen is that yes there has been a slowdown in domestic purchases and Thailand’s car exports continue to grow strongly and with […]
Read More →The Board of Investment (BoI) recently announced a 2nd generation eco-car plan and producers can request applications between now and 31 March 2014. So what are the key details? Eco-cars phase 1 Eco-Cars Phase 2 Petrol-fuelled engines 1300 cc 1300 cc Diesel engines 1400 cc 1500 cc Fuel efficiency 5.0 l / 100 km 4.3 […]
Read More →AH Aapico sure of strong growth — AH expects positive growth for the rest of this year based on the solid car sales in the first quarter. President Yeap Swee Chuan said the Thai car industry will likely continue to rise, with 2.5mn vehicles expected to be produced and sold this year. Its Ayutthaya factories, […]
Read More →Notable Transactions Buy(s) – THB 1.19bn AH, BGH, BLAND, EPCO, GFM, IHL, MAX, NMG, PAE, PM, POST, PS, TFD, TTA Sell(s) – THB 1.22bn BGH, GFM, IRCP, METRO, NIPPON, PS, ROCK, SAMTEL, TTA
Read More →Sells > Buys; 5.6 bn vs 1.3bn Buys- AH, BANPU, BGH, BLAND, EPCO, GFM, JUTHA, KCE, PS, SIRI, TICON, TONHUA, TPIPL, TTA, TVI Sells – AMATA, BGH, BTS, GFM, KK, NWR, OFM, PPC, PS, SAMART, SCC, SIRI, TCC, TFI, TICON, TPIPL, TUF, VIBHA Note: All mentioned tickers have values of THB 20 mn in transactions […]
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