AJD AJD maintains triple revenue growth in 2014. It is confident it will be in the black in 2Q14 with higher revenue supported by seasonality. It will book revenue from set top box sales in 3Q14 and is aiming to do a joint venture with a Chinese company to access the game market this quarter. […]
Read More →This happened 2 weeks ago as well as a few other deals that I’m just getting around to writing about, the details are as follows: Siam Commercial Bank (SCB) sold a 60.9% stake of Siam Commercial Samaggi Insurance (SCSMG) The value of the transaction is USD 185 mn at THB 27.60/share and SCB is expected […]
Read More →AOT: Expects good earnings. Airports of Thailand (AOT) expects arrivals to grow 19% this year to 85m. The company also expects 2H13 earnings to show strong yoy growth on the back of the absence of forex loss. This is because the company has swapped its yen loan to baht (worth Bt10b). (Source: Khao Hoon) Comment: […]
Read More →ITD and LOXLEY: Likely to win water projects. The government is expected to announce the winners of the Bt350b water management contracts by end of this month. According to the press report, ITD Group (ITD Power China) may win its bid for five modules worth Bt110b. LOXLEY consortium will likely win one module worth Bt4b. […]
Read More →As a sector its earnings grew 25% YoY with KK, BAY, KBANK, and KTB showing incredible earnings growth. The combination of a recovering Thai economy from the 2011 floods, automobile incentive scheme, housing schemes, reduction in corporate income tax from 30% to 23% all boosted their earnings strongly. Going forward however the same elements aren’t […]
Read More →Applications for Board of Investment (BoI) privileges in 2012 topped 1.46 trillion baht, the highest ever, Industry Minister Prasert Boonchaisuk said on Thursday. The number of projects rose from 2011 by 29.7%, while investment worth was up 131%. These investment projects would create an estimated 348,866 jobs, the minister said. Source: Bangkok Post Booyah! This […]
Read More →Best CEO Award – SET: Somprasong Boonyachai, chief executive officer, Shin Corporation – MAI: Noppadon Tansalarak, chief executive officer, Master Ad SET Award of Honour For Continuous Excellence in 2008-2012 – Corporate Governance Report: Bangchak Petroleum, Kasikornbank – Corporate Social Responsibility: Bangchak Petroleum, Siam Cement For Continuous Excellence in 2009-2012 – Corporate Governance Report: Krung […]
Read More →Just received this in my mailbox, its a rather nifty little infographic showing which publicly listed companies in Thailand will benefit from the recent issuance of 3G licenses to the telecom operators. Source: Not sure, if someone knows do inform me so I can credit them properly
Read More →Analysts have been sending me this table most of today with the headlines that Thai Bank’s loan growth has been slowing in the month of August but a MoM growth of +1.0% for the whole sector isn’t bad. Based on the figures this is what I see: The Small financial institutions (KK and TISCO) have […]
Read More →This long weekend I’m fairly certain every analyst covering Thai equities will have to update their models and what not, I know my team and I certainly are. A flurry of earnings were released today and the last day for earnings announcements are next Wednesday 15th August. I’ve noticed some basic trends thus far but don’t quote me on it […]
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