BCP BCP expects earnings to be better than peers after it sold a futures contract for high quality fuel oil in 2Q15. This minimizes the impact from weakening refinery margin. It expects its solar farm to contribute Bt700mn net profit/quarter. (Thun Hoon, 06/10/15) Comment: The combination of a high margins and the expansion into renewables […]
Read More →AOT AOT expects passengers of 89mn (+25%) in the first ten months of the year, implying there has been no impact from the bomb. (Khao Hoon, 02/09/15) Comment: There is an impact, but with the continued increase of mainland visitors (25% of all tourists), it’s incredibly minimal, by year end things will be back to […]
Read More →AJD AJD and CTH plan to sell set-top boxes for Premier League football. They target Bt338mn in sales (200,000 set top boxes) within one year. It expects membership fees to drive revenue growth to 50%. (Khao Hoon, 18/08/15) Comment: CTH desperately needs to find a way to make money from its PL licenses, they are […]
Read More →BAY BAY revised down loan growth from 7-9% to 4-6% (excluding loans transferred from BTMU) in response to the slow economy. It reported 2Q15 earnings of Bt4.4bn (+25.9%YoY), 1H15 profit was Bt8.8bn. (Thun Hoon, 22/07/15) Comment: BAY is a special case within the financial sector with its new shareholder driving new loans from Japanese Corporates. […]
Read More →AJP AJP plans to launch new TV program on free TV after getting a three-year license for an international sports program. It expects to complete the deal for a waste power plant project at the end of June. It believes it will show a net profit this year, backed by this project. (Thun Hoon, 26/06/15) […]
Read More →AAV Management is confident there is no impact from ICAO. There is no suspension for any AAV scheduled flights with regards to the ICAO issue. (Thun Hoon, 24/06/15) Comment: AAV’s core growth market is China, as long as China is ok then it doesn’t matter what ICAO says. AIRA AIRA shareholders approved raising capital by 3,160 […]
Read More →ABICO ABICO expects 2Q15 profit to be good, benefitting from increasing in international customer base. It says 68% capacity is enough for handling the new orders. It does not have any investment plan. (Thun Hoon, 18/06/15) Comment: An interesting holdco with a stake in MALEE, now the question is how do value a cow? (they […]
Read More →AIT AIT revised down 2015 revenue target from Bt6.8bn to Bt5-5.5bn due to a slowdown of government projects. Earnings are expected to turn around in 2H15 backed by infrastructure investment. (Post Today, 05/06/15) Comment: Whatever happened to the wonderful digital economy that was supposed to push AIT’s growth into the stratosphere like every broker predicted? […]
Read More →AMATA AMATA holds roadshow for AMATA Summit Growth REIT. It says local and foreign investors are interested in AMATA Summit Growth REIT due to its high dividend yield of 8.7%. It is expected to trade in June. (Thun Hoon, 03/06/15) Comment: And thus AMATA should be able to book a decent profit in 2Q15 AUCT AUCT opens […]
Read More →AEC AEC targets 2015 market share of 4% from 2014’s 2% aided by customer base expansion. It is confident 2015 performance will show a net profit despite the loss in 1Q15 as the capital market recovered. It has seven investment banking deals that will raise revenue. (Thun Hoon, 28/05/15) Comment: It is a tough environment […]
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