AOT AOT to hire PLE to build a building for Bt14.2bn. It also approved King Power to manage commercial areas in Don Muang airport for 10 years. It plans to open up more projects for bidding. It targets 2017 passenger growth of 7-8%. (Khao Hoon, 24/8/17) Comment: PLE? How on earth they did win this? […]
Read More →TET: Please explain the history of ASAP. Privately we began as a car dealership for Nissan automobiles in 1995 and in 2004 expanded our car dealer business for Toyota Automobiles as well. As we were exploring opportunities to capture new customers, we discovered that most of new customers were looking to rent or lease vehicles […]
Read More →It’s all over the news and brokers research notes this AM about PTT mentioning the potential replacement of 7-11 stores by its own Jiffy stores over the coming years. Jiraporn Khaosawas, managing director of wholly owned PTT Retail Marketing Co (PTTRM), said PTT has several years to prepare before the 7-Eleven outlets are replaced. It […]
Read More →BKD BKD to progress on new business plan. It says it expects 2H17 performance to be outstanding due to high season. It plans to get a new project worth Bt5bn. (Thun Hoon, 23/8/17) CPALL Jiffy to replace 7-Eleven at PTT stations. PTT Plc, the national oil and gas conglomerate, plans to start replacing 7-Eleven stores […]
Read More →AOT AOT to send Don Muang commercial area bids to its board. It expects to begin booking revenue in December. (Khao Hoon, 22/8/17) BEM BEM to join the auction for the South Purple and Orange lines in hopes of raising passengers to 500,000/day in 2020. 1H17 revenue was Bt7.5bn with profit of Bt1.43bn from booking […]
Read More →So I’ve gone through as many listed company results as possible over the past few weeks and not just Thailand but most of ASEAN, given that I do only comment on Thai related companies here, comments will remain Thai specific. Without a doubt Thailand had the worst performance amongst all the countries in the region […]
Read More →CPN CPN revised up 2017 revenue growth target to 6% from 6-8% to reflect improved department store operations. It says it will sell a condominium project worth Bt2bn and open two new department stores. (Khao Hoon, 21/8/17) Comment: It does show that SSSG isn’t what it used to be for CPN EA EA says 3Q17 […]
Read More →The numbers just say it, performance has been rubbish and deservedly so.
Read More →Notable Transactions Buy(s) THB 112 mn BLAND – And he still continues to buy and buy, I don’t think he’s ever sold a share for the past 4-5 years Sell(s) THB 80 mn AMANAH – A leasing company that isn’t making money and whose acting MD just sold a sizeable stake of
Read More →VAT rate kept at time-honoured 7% to help recovery. The cabinet yesterday approved the extension of the 7% value-added tax (VAT) rate for another year, saying a hike could derail the economic recovery. (Bangkok Post, 15/8/2017) Thai–Chinese railways could be signed soon. The Ministry of Transport is going to propose the construction structure of the […]
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