Rise in interest rate no effect on public debt. The Director of Public Debt Management Office said he is not concerned about public debt management if interest rates rise because 90% of public debt is longterm debt at a fixed rate. Only 10% of public debt is short-term and affected by the rise of interest […]
Read More →AOT AOT board approved Don Muang phase 3 expansion with investment value of Bt37.5bn. The expansion is expected to complete in 2024 with passenger capacity of 40mn per year. The new terminal is expected to be completed in January 2019. (Kao Hoon, 26/7/18) Comment: Things are moving ahead at AOT despite a delay of 12-24 […]
Read More →BA BA is partnering with three groups to submit a bid to operate the duty-free zone in Suvarnabhumi Airport, competing with King Power. The result of the auction is expected to be announced within the next three months. Management guided that 2Q18 earnings will improve YoY on higher traffic growth. It expects 2018 revenue growth […]
Read More →ASAP ASAP says local funds are interested in investing in its company. Management plans to ask the board to approve a budget for fleet expansion, supporting the growth in car rental demand. It expects revenue growth of 25% this year. (Thun Hoon, 24/7/18) Comment: Still the same target as set out 2 years ago. Only […]
Read More →BCPG BCPG to start commercial operations of the first two solar projects with the Veterans Administration and sell electricity to the grid in July. (Thun Hoon, 23/7/18) HUMAN HUMAN expects 3Q18 revenue to grow, supported by Sigma accounting and tax service revenue, booking from July 1. In 2H18, it plans to launch a new product. […]
Read More →Thai banks, specifically KBANK, reported rather decent earnings last week hence the straight up move throughout the day and making the month look decent so far. Has the narrative now changed with the banking sector? 3 months ago it was lost of fee income, shown rather obviously with SCB’s #’s, and that NPL’s are going […]
Read More →Notable Transactions Buy(s) THB 25 mn N/A Sell(s) THB 47.8 mn GLOBAL – A director sells a relatively small amount of shares
Read More →Howard Marks Memo I am still digesting my thoughts with his latest memo. I do not know if I necessarily agree with each and every point that he makes I see computer decision making as a function of human decision making. Because it is programmed by humans based upon the rules instilled within a […]
Read More →Ministry of Commerce confident that FTA benefits will surpass target of US$6.5bn after already reaching US$2.8bn in five months. The Department of Foreign Trade is confident that the value of benefits under the Free Trade Agreement (FTA) and Generalized System of Preferences (GSP) in 2018 will grow at a rate not less than the growth […]
Read More →AH AH is confident earnings will be good and confirmed the soundness of its fundamentals after the share price fell significantly yesterday. New customers continue to flow in. It expects revenue growth of 3-5% this year. (Thun Hoon, 20/7/18) Comment: If you take out the funny interest that they are receiving from the new Indian […]
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