ANAN Luxury condo presales at 70%. ANAN says Ashton Silom, its luxury condominium, has reached presales of 70% of a total value of Bt6.03bn. The target customers of this condominium are both Thais and foreigners enjoying an urban lifestyle. (Thun Hoon, 25/10/18) Comment: And apparently this is part of their strategy, keep the remaining 30% […]
Read More →BBL BBL has budgeted Bt200mn to invest in “Thai Payment Network”, increasing its shares to 69.08%. It targets to expand business as the country moves towards a cashless society. (Thun Hoon, 19/9/18) BEAUTY A mutual fund in the US is interested in BEAUTY due to its strong fundamentals and good future. It expects some good […]
Read More →DCC, ZIGA ZIGA partners with DCC to sell its product in DCC stores, supporting ZIGA’s revenue growth target of no less than 15% this year. DCC expects 2018 revenue growth of 10% after its sales recover and a bump up of 5-5% in product prices. (Kao Hoon, 6/8/18) Comment: DCC…one could say its cheap, one […]
Read More →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. […]
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