BJCHI BJCHI expects big projects due to higher oil prices. It currently has backlog of Bt850mn which will be recorded in 3Q and 4Q. It is bidding in auctions worth Bt7bn in 2H17 and the beginning of 2018. (Thun Hoon, 4/9/17) Comment: They’ve been struggling ever since oil prices decline. But they still have a hefty […]
Read More →Ministry of Transportation to sign contracts for dual-track projects. Contracts for the Nakornpathom – Huahin and Huahin – Prachuab dual-track projects together worth Bt23.3bn will be signed in September or October. (IQ Biz. 28/8/17) MALEE and TIPCO will be exempted from sugar tax since their products are based on fruit and are seen as healthy […]
Read More →BEAUTY BEAUTY believes 2H17 earnings will be strong due to high season. It plans to expand stores both domestically and internationally, mostly via distributors in Myanmar, Lao PDR and Cambodia. This will push 2017 revenue up to a new high of Bt3.1bn or +20% growth. (Khao Hoon, 1/9/17) Comment: Well ok. I’m not going against […]
Read More →AMATA AMATA maintains 2017 land sales target at 1000 rai as it has negotiations ongoing with many foreign investors, despite selling only 170-180 rai in 1H17. (Thun Hoon, 31/8/17) AMATAV AMATAV signals 3Q17 earnings to this year’s record with many customers ready to book area in Amata City. It plans to increase land prices by […]
Read More →AH AH continues to search for domestic and international partners to expand its auto parts business. It plans to sell some portions of its current business to SGAH. It remains confident in this year’s revenue growth target of 5%. (Thun Hoon, 29/8/17) Comment: An interview with AH coming soon… BTS BTS plans to raise fares […]
Read More →ACAP ACAP to sign an MOU to lend more than Bt1.2bn to a company under GGC. It recently gave a Bt400mn five-year loan. ACAP targets Bt6bn in loans in 2017. It expects good growth in both 3Q17 and 4Q17. It plans to list a subsidiary. (Khao Hoon, 29/8/17) Comment: Since they’ve come under new ownership […]
Read More →Ouch ouch and ouch, 1/2 the sectors are deep in the red, and yet the market still continues to maintain these valuations despite earnings, have to love the market’s anticipation of a recovery in earnings for 2H17 and onwards…
Read More →Notable Transactions Buy(s) THB 101 mn PSH – A first in a long time, a director buys a decent chunk of shares in Preuksa. RS – The owner bought a combination of the shares at 13.9 and the warrant. Sell(s) THB 87mn BAT-3K – Continued block selling by the previous owners to the new ones. […]
Read More →AMA AMA believes 2H17 performance will grow, supported by high season. This is expected to push 2017 revenue to Bt1.5bn, 50% growth. (Khao Hoon, 28/8/17) Comment: That would be quite an achievement, 1H17 already shows revenues of THB 674 mn…but the company is already trading at a mkt cap of THB 7bn ANAN ANAN to […]
Read More →Thai July exports up 10.5 pct y/y, below forecast. Thailand’s customs-cleared annual exports rose for a fifth straight month in July, but fell short of expectations, as demand from major markets increased. Exports, a key driver of Thailand’s growth, rose 10.5 percent in July from a year earlier after June’s 11.7 percent rise, commerce ministry […]
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