And he’s back with his latest commentary that covers both the bullish (earnings growth, valuations) and bear (politics) elements facing the market today, several great points are made. As usual here’s some snippets and a link to the rest of the article. For these reasons I thought the equity market would have to go through […]
Read More →Prayut to use S44 to settle weed patents. Prime Minister Prayut Chan-o-cha is preparing to use Section 44 to settle contentious requests to patent marijuana extracts, which has sparked concern it could set back plans to develop them for medical purposes. (Bangkok Post, 27/11/18) MPI up 4% last month. The manufacturing production index in October […]
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 →AMATA AMATA maintains its presales target of 925 rai this year. It expects 4Q18 presales to be outstanding. Next year, it expects presales growth of 10% to 1,000 rai, backed by large demand from Chinese and Japanese. Backlog is 13,000 rai. It plans to raise land price in Amata City Chonburi. It will increase recurring […]
Read More →AH AH expects revenue to grow in line with growth in the automotive industry. 4Q18 revenue is expected to be better, backing its revenue growth target of 5% this year. (Thun Hoon, 27/11/18) KBANK KBANK continues to expand in ASEAN+3. Laos is its potential target. Private sector growth in Laos will help underwrite loan growth. […]
Read More →Notable Transactions Buy(s) THB 160 mn OSP – Family member buys more ORI – Wife buys more JSP – Ohhh these guys are back! Sell(s) THB 109 mn JKN – Not confirmed, but we suspect it is the same Dr fellow buying these shares.
Read More →With oil prices continuing its decline, the last sector holding up the market is gone, finito over. Many questions were asked over the weekend re how far will it drop..who knows..last time it was from the 70’s to 20’s, this time let’s see. Who benefits, well the names tossed out were ptg, tasco, epg, and […]
Read More →AOT FY2018 results to be released on Nov 30. Nitinai Sirismatthakarn, AOT president, says FY2018 performance will be announced on 30 Nov. He expects earnings to be a record high, supported by passenger growth that has put it over capacity. He expects a net margin of 40%. As for terminal 2 construction, it is waiting […]
Read More →Listed companies reported 3Q18 total profit of Bt254bn, +22%YoY. 9M18 profit was Bt780bn, +11%YoY. (Kao Hoon, 19/11/18) Auto output at 63-month high. The Federation of Thai Industries (FTI) reported on Tuesday that automotive output in October was the highest in 63 months, with a rise of 20.62%YoY to 197,203 units. The FTI’s automotive industry club […]
Read More →CBG CBG struggles to control costs. It cut expenses in subsidiary ICUK. It is focusing on increasing revenue in the Australian market with minimum sales of Bt100mn. As for market strategy in Thailand, it is focusing on marketing through “Cash Van” and “cheer ladies”. It expects this strategy will grow its sales by 10% next […]
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