ADVANC’s ready for 5G auction with Bt62b available cashflows. Comment: It’s a yield play more than anything else AOT reports 141.87m passengers last fiscal year, +2% yoy, with international passenger growth of 4.4%, flights +2.41%. Comment: And look, there’s still growth, I think 4Q may be a bigger positive surprise than people expect in terms […]
Read More →AIT wins digital ticket pj from State Railway authority worth Bt920m. Comment: And IT co’s continue to win projects AOT to sell TOR for DMK airport duty-free concession Oct 24 – Nov 8, opens bid on Dec 11, drops CPN from auction on violation of TOR terms on dispute over Central Village pj. Comment: Well […]
Read More →AOT to seek board approval for TOR of Suvarnabhumi’s 3rd runway in Jul, seeks new govt to approve its Bt202 development plan, including in new airports in Phuket and Chiang Mai.Comment: I’m not holding my breathe whilst waiting for this to go through DELTA may see 2Q FX losses from strong THB. Comment: All of […]
Read More →AIT AIT reported 3Q18 earnings of Bt61.8mn, -50%YoY. It expects revenue to drop and costs to stabilize next year. Backlog is Bt2.2bn. It is bidding for new projects to raise backlog. (Kao Hoon, 8/11/18) Comment: The traditional IT sector in Thailand has been dead ever since the military came in. ATP30 ATP30 reported 3M18 earnings […]
Read More →AMATA AMATA targets land sales of 925 rai in 2019. It plans to build a new industrial estate and Laos and Myanmar. It is working with SCC and Dow Thailand Group to build the first recycled plastic road in Amata City Chon Buri. (Kao Hoon, 5/10/18) Comment: So the EEC news has driven the share […]
Read More →COM7 COM7 expects 2Q18 profit growth of 44% to Bt182mn backed by growing revenue from all products, especially iPhone. It plans to open an online market in July and expand its franchise to lift 2H18 revenue. (Kao Hoon, 4/7/18) GUNKUL GUNKUL was awarded CPF’s Bt1.4bn solar rooftop and power distribution project. This will be the […]
Read More →BAFS BAFS raised its revenue target growth to 6% as demand for jet fuel should increase by 5% this year. This is supported by the ICAO’s decision to remove Thailand’s red flag status. Management expects 2Q18 earnings to remain strong and the pipeline project will continue to increase the proportion of oil transmission revenue to […]
Read More →Potential Changes to the SET50 and SET100 These names have not been confirmed yet but brokers are expecting that these will be the changes. SET50 Expected Additions: BGRIM, DELTA, ESSO, KTC, RATCH Expected Deletions: BCP, KCE, PSH, TPIPP, WHA SET100 Expected Additions: BLA, ERW, MBK, PRM, PTL, RS, THANI, VGI Expected Deletions: ANAN, BA, BIG, […]
Read More →BCPG BCPG plans to invest in hydro, wind, geothermal and biomass with finalization by the end of 2017 and the beginning of 2018 with targeted IRR of 12-15%. It is also in the process of studying an “Internet of Energy” and finding foreign partners to join. It expects market capitalization to reach Bt50-60bn by the […]
Read More →MSCI’s latest review of indices was announced during the week and here are the key details: Effective date: December 1, 2015 MSCI Thailand Index – None MSCI GLOBAL SMALL CAP INDEXES – Thailand (+5 / -8) Additions: GPSC, IMPACT, PLAT, TIPCO, VNG Deletions: DSGT, LOXLEY, MBK, MONO, NOK, PCSGH, PTL, SIM
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