AAV No deal for Skymark — AAV denies Japanese news that the Malaysian low cost airline is negotiating to acquire Skymark Airline in Japan which is facing financial distress. (Thun Hoon, 20/08/14) Comment: Skymark shares have risen some 30% on these rumours, no idea if there is truth behind them, wouldn’t see why AirAsia needs […]
Read More →ADVANC ADVANC plans to pay DPS of Bt6.04, XD 13 August, though its 1H14 net profit declined to Bt17,96bn due to higher depreciation and amortization. Its 3G clients increased to 34.4mn but the company reduced revenue growth target to 1-2% YoY in 2014. (Kao Hoon, 05/08/14) Comment: ADVANC has been an easy trade in the past 2 […]
Read More →AAV Thai AirAsia X: Maiden flight to Korea today. CEO says it has a load factor of 100% and 80% of them booked three months age. It will begin flights to Tokyo and Osaka early next month and is confident that the Thai political scene is not a problem. (Khao Hoon, 17/06/14) Comment: AAV – […]
Read More →AP AP taps Japanese know-how, designs – Mitsubishi Estate Group (MEC), Japan’s biggest property developer, is looking to expand its property investment in Thailand after injecting Bt2.5bn this year through three joint venture condo projects with SET-listed developer AP. MEA signed the joint venture deal with AP in December, starting with three new condo projects […]
Read More →AP AP preparing to launch 19 new projects worth Bt23.7bn. It targets 2014 revenue of Bt21bn. It will launch SOUL worth Bt920mn focusing on high-end area in Ratchada. (Khao Hoon, 17/2/14) Comment: Old news, however it is funny to see the property sector actually being one of the best sector performers this year DTAC DTAC […]
Read More →AP AP expects a great 2014. It expects 2014 presales and revenue of Bt21bn on current backlog of ~Bt11bn. It will launch 19 new projects worth Bt26bn. (Tun Hoon, 06/02/14) Comment: Valuations for AP have become attractive, the whole property sector in fact, we view this all as a trading opportunity BJCHI BJCHI won new […]
Read More →AP TRIS has rated AP’s Bt1.5bn debenture at A- reflecting strong business position, many varieties of product line, and backlog which supports revenue in the future. (Khao Hoon, 13/1/14) Comment: Had a good discussion with friends about AP, they seem to be limited on the management side to constantly expand their business and thus the […]
Read More →As usual for the monthly management trades, we’ll only show the transactions above THB 20 mn
Read More →Notable Transactions Buy(s) THB 366 mn AP – A director buys THB 68.7 mn worth of shares IFEC – The changing of ownership continues EARTH – A block buy by the owner, there have been quite a few block transactions (both buys and sells) here, no idea what’s going on, although EARTH has now traded […]
Read More →AP Cuts forecast on politics — AP has cut this year’s forecast as the political demonstrations have hurt sales. Revenue target now stand at Bt19bn from Bt20bn, with presales forecast at Bt18bn from the previous forecast of Bt22bn. (Khao Hoon, 20/12/13) Comment: Nope, their numbers were going to be poor anyways GUNKUL Expects good 4Q13 […]
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