CHO CHO expects to be awarded two mega projects for Khon Kaen city development as northern regional hub with total value of Bt26.96bn. The results will be known soon. If it wins these projects, its revenue and earnings will increase significantly. (Thun Hoon, 24/10/18) Comment: Well, it won’t be getting that full value, b/c part […]
Read More →ANAN ANAN says the new BoT mortgage loan rules does not impact its business because its condos are priced below Bt10mn and it targets mid-income customers who are able to pay a high down payment. It also says all hybrid bonds are sold and met target proceeds of Bt2bn. (Thun Hoon, 8/10/18) Comment: The one […]
Read More →AOT AOT fundamentals are strong. It reported 3QFY18 earnings of Bt6.42bn, +19%YoY, and 9M18 earnings of Bt19.9bn, +18%YoY. Passenger pass-through in the first nine months was 106.2mn. (Kao Hoon, 15/8/18) Comment: The china tourism issue is to me, a short term hiccup. Biggest issue for Thailand will be the country’s infrastructure capacity EA EA reported […]
Read More →GLOW GLOW reported 2Q18 earnings of Bt1.8bn, down 36.5% YoY. 1H18 earnings were Bt4.4bn, down 6.7% YoY, due to higher maintenance cost and FX loss. (Kao Hoon, 1/8/18) Comment: Interesting, just as the acquisition is completed does GLOW report weaker earnings. HMPRO HMPRO posted 2Q18 earnings of Bt1.3bn, up 16.03% YoY. 1H18 earnings were Bt2.56bn, […]
Read More →AOT AOT Passenger growth of 9.88% in 8MFY18. AOT said passengers in the six airports that it operates rose to 95.54mn or 9.88% in 8MFY18. Lead tourists were from China, South Korea, Japan, India and Russia. (Thun Hoon, 29/6/18) CHOW CHOW signs MoU with photovoltaic manufacturer. CHOW notified the SET that on June 27, 2018, […]
Read More →BCP BCP expanded its upstream petroleum business with the acquisition of a Bt3.76bn field in Norway. (Kao Hoon, 22/6/18) BEM BEM has amended its agreement with CK to speed up the construction of the Blue Line, targeting operational startup on August 14, 2019, ahead of the original schedule of September 2019. (Kao Hoon, 22/6/18) GPI […]
Read More →ADVANC ADVANC opened up its AIS Next G service to run on all makes of Android smartphones. The company’s Next G app allows the company to penetrate 15 million Android smartphone users. The company expects revenue to grow 7-8% this year. (Kao Hoon, 8/6/18) AGE AGE expects operations to be good in 2Q18 as coal […]
Read More →CPN CPN to invest Bt5bn to launch Central Village, expected to open in 3Q19. It will book revenue from new department stores. In 2H18, it will open two new stores. (Khao Hoon, 25/4/18) Comment: Management has publicly come out to say that this is to target tourists in Thailand, although they put the % at […]
Read More →BGRIM TRIS revises BGRIM rating to A with stable outlook with current total production capacity of 1779 MW and to reach 2518 MW in 2022. (Khao Hoon, 11/4/18) BTS BTS says FY2019 revenue will grow 200%, driven by the South and Green mass transit lines (BaringSamut Prakarn) startup in December. It is also going to […]
Read More →AP AP posted 1Q18 presales growth of +168%, reaching Bt10bn or 30% of its presales target of Bt33.5bn. It plans to open 34 new projects worth Bt49bn. It aims to be in the top 3 in Thailand’s property sector. (Thun Hoon, 4/4/18) BEM BEM says that auction documents for motorway projects Bangpa-in-Korat and BangyaiKarnchanaburi will […]
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