Byron Wein August 2018 His latest monthly letter is outttt and here’s a few interesting snippets and a link to the rest of the piece Today there are fewer public companies in the U.S. than at any time over the last 40 years. The peak year for public markets was 1996, when over 8,000 companies […]
Read More →ASAP ASAP says local funds are interested in investing in its company. Management plans to ask the board to approve a budget for fleet expansion, supporting the growth in car rental demand. It expects revenue growth of 25% this year. (Thun Hoon, 24/7/18) Comment: Still the same target as set out 2 years ago. Only […]
Read More →BAY BAY to expand to more global companies. Following an impressive loan growth of 14.5% in 1Q18, BAY plans to expand its client base from Japanese clients to other global companies. Its key business strategy is to support businesses in the Eastern Economic Corridor (EEC). (Kao Hoon, 31/5/18) Comment: I still think that this bank […]
Read More →AQ AQ reported Bt20mn profit in 1Q18 from Bt60mn loss in the same period of last year. Management reveals a plan to launch three new projects in areas with potential this year and is preparing to sell land via auction to repay bank debt. ( Thun Hoon, 14 / 5 / 18 ) ETE ETE […]
Read More →Banks SCB, KBANK and BBL will reverse provisions, which will raise profit, if IFRS 9 is postponed to 2022. SCB has made provisions of Bt26bn, KBANK Bt34bn and BBL Bt20bn. KTB has set aside Bt40bn provisions and it will book a profit if AQ can liquidate its land and repay debt. (Kao Hoon, 9/5/18) Comment: So […]
Read More →PTT PTT’s board approved buying TOR documents for the high-speed rail lines connecting three airports, saying this offers future potential growth. It has not decided whether or not it will do a JV. (Khao Hoon, 26/4/18) Comment: Will be the ex-PTT ministers in the government push things PTT’s way? SUPER SUPER shareholders approve Bt36bn bond […]
Read More →With the news in the past 2 weeks that the major Thai banks are going to be removing transaction fees (finally!) for all digital (i..e internet and mobile) transactions their stock prices have taken a plunge with TMB being the worst hit, despite it not being one of these banks announcing the waiver in fees. […]
Read More →ARROW ARROW expects to receive many mega projects and will double production capacity of electricity conduits to support upcoming government projects. It targets 2018 revenue to grow by at least 10-20% to Bt1.6bn and to maintain margin at 25-30%. It currently has backlog of Bt960mn. (Thun Hoon, 15/03/18) Comment: Well we’ve been waiting to see […]
Read More →COM7 COM7 expects new high in 2018 earnings and revenue; it targets revenue growth at 15% with growth in all businesses. It has budgeted Bt380mn to add 195 more branches and franchises, bringing the total to 629 in 2018. It plans to expand online, and in the commercial and education markets. (Khao Hoon, 24/1/18) Comment: […]
Read More →BRR BRR has budgeted Bt1.1bn to add new product lines and to increase power production capacity. It targets sugar sales to increase by 30% in 2018 from 2017 sales of 250,000 tons on a better harvest. It plans to bid for a 20MW VSPP in the next round of bidding. (Thun Hoon, 22/1/18) Comment: This […]
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