Notable Transactions Buy(s) THB 270 mn TQM – Family members buying big. Sell(s) THB 422 mn BDMS – And the founder is back to being a seller. PJW – One of the family members (Vice Chair) dumps 2% of total outstanding shares. SPA – The MD sells off some shares.
Read More →EPG’s confident of >Bt9b revenue this year, sees windfall from Biden’s latest infra spending plans. Comment: No, no, no. It’s a margin game for this company, half of it are auto’s (ok fine a recovery) but a “high oil price” is awful for their margins. HANA expects revenue this year to be close to 2019 […]
Read More →ACG branches out from car dealership business to vehicle maintenance and parts sales services, FASTFIT, to expand client bases and mitigate risk from weak auto market. Comment: I find this to be a difficult business to do well in, they are up against incumbents such as BQUIK and ACT, and these are rather deep customer […]
Read More →Notable Transactions Buy(s) THB 21.3 mn N/a Sell(s) THB 88.2 mn SPA – The MD and a Director sell off a stake
Read More →AGE AGE set capex of Bt30mn to set up a sorting and gliding plant, supporting its coal transportation services by sea, which it expects to contribute 10% of total revenue. It expects earnings growth of 10% with coal sales target growth of 20-30% to 4mn tons, focusing on customers in China, Vietnam and Cambodia. (Thun […]
Read More →AEONTS AEONTS expects loan growth of 5% in FY2018. In 1H18FY, it has already provided loans of Bt52bn. It plans to launch promotions to stimulate spending during the yearend festivities. It has entered Myanmar, Cambodia and Laos and expects loans to reach Bt13bn in FY2020, pushing foreign revenue up to more than 10% of total […]
Read More →AH AH maintains its revenue growth target at 3-5% this year, supported by growth in the automotive industry. It expects next year’s revenue to grow because its major customer, Isuzu, will launch a new car model. Its joint venture in Vietnam will launch a new car model in 3Q19. (Kao Hoon, 29/11/18) Comment: There’s a […]
Read More →ANAN ANAN expects 3Q18 earnings to be outstanding and it expect transfers to increase in 4Q18. It plans to launch three property projects with total value of Bt6.86bn this year. It expects presales of Bt10.05bn and transfers of Bt18.51bn this year. (Thun Hoon, 5/11/18) Comment: But the overhang from the BOT announcement combined with a […]
Read More →AOT AOT entered into joint venture with SAL to improve parking service and airport equipment. It will hold 49% of the JV. It is looking for new investments. (Thun Hoon, 12/10/18) BGRIM BGRIM signed its Power Purchase Agreement (PPA) with Vietnam’s government. The 257MW plant will start commercial operations on June 30, 2019, boosting revenue […]
Read More →AOT AOT is considering to postponing the bidding for duty free originally planned for September as the construction of Suvarnabhumi phase 2 has been delayed since it must wait for an Administrative Court ruling, the Permanent Secretary of the Treasury said. (Thun Hoon, 10/9/18) Comment: Oh that’s just ridiculous! The Duty free business is worth […]
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