AJD SP still not lifted— The SET is keeping AJD tagged SP, saying it was not satisfied with AJD’s explanation about the capital increase via PP. (Kao Hoon, 2/12/14) Comment: PP’s have been one of the ways speculators use to gain additional shares in a company to “control” the stock price, it is a positive […]
Read More →Notable Transactions Buy(s) THB 2.3 bn DCC, TH, PJW, SAM, SAMART, TICON, TNH, SYNTEC, RS, IEC, BBL Sell(s) THB 1.17 bn TFD, PJW, PRINC, ACAP, NH, BGH, OCEAN, IEC Note: Image displays transactions that are above THB 20 mn only.
Read More →Notable Transactions Buy(s) BBL – A clever buy, BBL’s stock price had a short term issue with the NVDR quotient being filled up, this has now been rectified hence the stock price recovery TICON – I’m half guessing that this is just a switch between custodians – but i’m not too sure Sell(s) IEC – […]
Read More →A couple of things to note: The major banks are still performing ok, mainly on cost management and lower provisions 9M YoY performance is average to say the least with the sector only up +5.7% Autoloan related fincos, Tisco and KK, are still suffering, though this may very well be the end of the high […]
Read More →BBL BBL approves loan of Bt7bn to MILL for the acquisition of a steel business in Thailand. It also sold shares of TSI to MILL for Bt220mn. MILL’s board has approved a capital increase of Bt1.5bn to restructure its company and expand its businesses. (Kao Hoon, 10/10/14) Comment: It is very rare in Thailand for […]
Read More →BBL BBL wins Myanmar licence – Bangkok Bank (BBL), Thailand’s largest lender by assets, is the only Thai bank among the first nine foreign ones to win a limited banking licence in Myanmar. The approval is preliminary for 12 months, during which time the winning banks must comply with Central Bank of Myanmar requirements before […]
Read More →AJD AJD gets Bt300mn from issuing warrants. The company is studying setting up a subsidiary with a Chinese partner to develop a solar farm. It expects sharp net profit growth in 4Q14 as its set-top box market share is at 50%. It said the issue of 11mn set-top box coupons will push its set top […]
Read More →ANAN ANAN expects 3Q14 earnings to be in the black from 3Q13 net loss of Bt96mn on booking revenue from a condo. The company is launching a new project worth Bt14.5bn, pushing backlog up from Bt17.5bn and generating revenue until 2016. It expects to reach its revenue target of Bt9bn as there is overwhelming demand. (Thun […]
Read More →AIT AIT said 2Q14 earnings were good – results will be out sometime this week. It expects to receive more government work in 3Q14. Management is confident that revenues this year will reach its target of Bt6.2bn supported by backlog of more than Bt5bn. It will also start booking revenues from its join venture business. (Kao Hoon, 04/08/14) […]
Read More →Thai Banks don’t have the necessary balance sheet to compete with China’s, but given that Thai companies are already involved in Myanmar, they need financing, and it would be silly if Thailand’s bank can’t capitalise on at least following their customers overseas. Now should they be able to get licenses in Myanmar by the end […]
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