CCP Plans to expand into Cambodia, Laos and Myanmar. The firm has bid for a new project worth more than Bt1bn and expects to do a JV deal in 2Q15. It targets 2Q15 earnings growth of 10% YoY on the transfer of projects and raise in backlog to Bt2.3bn. (Thun Hoon 06/05/15) CBG 1Q15 net […]
Read More →BA CEO says give BA some time – The Chief Executive Officer of BA, Khun Prasert Prasartong-osoth told shareholders yesterday that the reason the price of BA shares has fallen below IPO price is that it has been listed only six months and needs at least a year to prove itself to investors. Shareholders voted […]
Read More →There was a FTSE index re-balancing that occurred on Friday, here’s the breakdown: Large cap inclusion: TRUE (from mid cap); exclusion: BAY. Mid cap inclusion: none; exclusion: TRUE (from large cap). Small cap inclusion: CK, BMCL, SUPER, GUNKUL, GFPT, TICON, CHG, CKP, KCE; exclusion: CPNRF, SUC. All-world inclusion: none; exclusion: BAY. All-Cap (LMS) inclusion: CK, BMCL, […]
Read More →Hot off the presses: The FTSE Global Equity Index Semi-Annual Review which will take place as of the close of Mar 20, 2015. BAY will be removed from FTSE All-World and FTSE Large-Cap and TRUE is upped to Large Cap from Mid Cap. FTSE Large Cap: Add: TRUE Delete: BAY FTSE Mid Cap: No addition […]
Read More →AAV AAV expects strong recovery this year and targets 14.5mn passengers and double-digit revenue growth. The company said 1Q15 cabin factor will be strong at more than 84%, driven by the influx of Chinese tourists. (Kao Hoon, 24/02/15) New CFO — AAV has informed SET that the Nomination and Remuneration Committee has approved the appointment […]
Read More →ASP New Europe trigger fund — Asset Plus Asset Management expects a rebound in European stock markets and is launching a Europe trigger fund with an expected return of 16% over MSCI Europe Index. Its ASP-Europe Value Fund will accumulate more European stocks. (Khao Hoon, 13/2/15) Comment: Why Thai retail investors love Trigger Funds I […]
Read More →BEAUTY BEAUTY expects 2015 revenue and net profit growth of 20% YoY as it will invest Bt150mn in a warehouse and employee development and Bt150-180mn in new branches. (Kao Hoon, 27/11/14) Comment: The only consumer name in Thailand that has had positive SSSG, a growth machine, a cash machine its positively surprised me, shows how […]
Read More →The past few weeks have been their usual hectic period with listed companies reporting their 3Q14 #’s, see below for a summary of how each sector performed on a reported net profit basis. A few comments: The overall performance for the the market was crap the SET & MAI were -4.7% YoY%, and -0.4% on […]
Read More →AAV Thai AirAsia X eyes broad expansion – An aggressive expansion appears on the horizon for Thai AirAsia X (TAAX) with the addition of five wide-body jets and expanded coverage over Japan next year. On the radar screen for Thailand’s first long-haul low-cost carrier are services to four Japanese airports – Haneda (Tokyo), Nagoya, Fukuoka […]
Read More →AOT AoT to seek Dec nod for new terminal – Airports of Thailand (AoT) Plc will ask the cabinet as early as December to approve the construction of a second terminal at Suvarnabhumi airport to serve more passengers. AoT board chairman Prasong Phunthanet will meet Transport Minister ACM Prajin Juntong today to discuss the construction […]
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