Forth Revenue down on slow hard disk drive market — FORTH says its revenue will fall from last year’s Bt5.9bn to Bt5bn this year due to the slowdown in the hard disk drive market. However, it is confident that net profit will increase to Bt250mn from Bt93mn. (Khao Hoon, 15/10/13) Comment: Thailand has been the […]
Read More →ADVANC AIS curbs ‘bill shock’ for 3G customers using data services – Advanced Info Service (AIS) has introduced an automatic data tariff adjustment to curb “bill shock”, one of 3G users’ worst experiences. The move is also aimed at complying with National Broadcasting and Telecommunications Commission regulations requiring 3G operators to lower their 2G and […]
Read More →BECL: June traffic growth of 3.3% — BECL reports moderate traffic growth in June at +3.3% YoY. An associate is listing and will begin to trade on July 18, 2013, at which time BECL will sell 20.6mn shares in the company. (Company) BTS: Vietnam subsidiary to bid for VN elevated rail management —BTS’s subsidiary is […]
Read More →3Q12 earnings seasons is upon us! And banks have already come out with their numbers, most have done quite well, no real surprise given their income tax costs drop from 30 to 23%, except for TCAP which was down 27% QoQ b/c of increased provisions (quite a surprise). Expect to see a summary of all […]
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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