Unless the company is PTT or CPALL everything else is suffering. Although part of me is thinking that construction services (excl ITD) could be interesting given how poorly they’ve performed this year. -17% is no laughing matter.
Read More →Ministry of Finance progresses on ”Thailand Future Fund”. The first investment project is worth Bt44bn and will be opened for investor subscription in mid-2018. (Thai Post, 27/3/18) US-China trade conflict being watched, said MoC. Ministry of Commerce said the US-China conflicts are being watched closely since it makes the world more uncertain in the investment, […]
Read More →BGRIM BGRIM to expand alternative energy business in ASEAN. A solar farm project in Vietnam with 100 MW will be clear within 2Q18. (Thun Hoon, 30/3/18) Comment: The entire renewable/alternative energy space has been rocked by the comments from the Energy Minister. FSMART FSMART said banks’ cancellation of fees on digital transactions will not affect […]
Read More →ANAN ANAN corporates with Ascott in for serviced apartments. It targets four projects in four areas with a total value of Bt10bn. It targets rental revenue in 2021 of Bt1.5bn. (Kao Hoon, 29/3/18) Comment: Part of their long term plan, well telegraphed by management for a few years, but the overhang for now is still […]
Read More →I have been wondering where the white knight for Thai politics would emerge from and voila here is the group. My quick thoughts: Its a usual cycle in human behaviour, the populus is fed up with the old system, inaction, corruption and are looking for a new white knight to lead them towards victory. They […]
Read More →BCH BCH believes 2018 revenue will continue to grow; it has budgeted Bt3.676mn for three years of investment to open five hospitals with a total of 867 beds and to renovate existing ones to improve the image of the hospitals and add value. (Khao Hoon, 28/03/18) BM BM is going to raise its 2018 revenue target […]
Read More →CBG CBG targets 2018 sales to grow by 30% as it sees high growth opportunities in overseas markets, especially China. It targets sales in China of 300mn cans and sales in the UK of at least 40mn cans. It has budgeted Bt2.5bn for investment in can production machines. (Thun Hoon, 27/03/18) Comment: To us it’s […]
Read More →ANAN ANAN believes 2018 revenue will grow by 18% to Bt28.3-34.3bn, even though transfers of Ashton Asoke have been delayed. It says it is willing to return the money if the project is not able to be transferred by the scheduled date. It also says 95% of its customers are willing to wait for transfers […]
Read More →Notable Transactions Buy(s) THB 243 mn GULF – And he keeps buying BTS – And so does he Sell(s) THB 121 mn HOTPOT – Looks like there may have been a share swap amongst the shareholders MEGA – Since the day this company IPO’ed management or key directors have always been selling, its only the […]
Read More →Loan guarantee firm sets Bt500-bn target under its new five-year plan. THAI Credit Guarantee Corporation (TCGC)’s five-year plan for 2018-22 is to lift its outstanding loan guarantees to Bt500 billion, covering 450,000 small and medium enterprises (SMEs)nationwide, according to senior executive vice president Wichet Warakul. (Bangkok Post, 19/3/18) Thai Deputy Prime Minister Reiterates Thailand in […]
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