AOT Suvarnabhumi rental to be finalized in July, to take effect in Jan 2018. (Khao Hoon, 25/7/17) GOLD GOLD revised up its sales target to Bt18bn from Bt20bn. 1H17 presales were Bt11bn. It will launch 10 projects in 2H17. The yearly target is 15 projects worth Bt14.3bn. Overall, it thinks the real estate market in […]

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And so the bank earnings came out with a general disappointing trend across the board. The next 3 weeks will be fun as every other company will be releasing their 2Q #’s by mid August. Is there anything else interesting? The THB has continued its recent strengthening trend and finally the electronic manufacturing names are […]

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Notable Transactions Buy(s) THB 134 mn BLAND – And he’s still buying. TMC – Rather strange, the Chairman and another director bought 15% of the company, and the stock price has jumped through the roof, what’s the story here? Sell(s) THB 112 mn ECF – 6% of the company was sold to..?

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BCPG BCPG to invest in power plant business in Indonesia. The production power is 182 MW. It will record revenue in 3Q17. (Thun Hoon, 24/7/17) Comment: I do often worry about Thai companies buying commodity/power assets in Indonesia…but should this be a genuinely good purchase it does add to the theory that BCPG benefits as a state […]

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Bt15bn to be injected into communities. THE National Village Fund plans to inject Bt15billion into the grassroots economy next month in a bid to shore up consumption in rural areas amid declining prices for farm products and rising household debt. (The Nation, 18/7/2017 FTI: Car exports to disappoint for 2nd year. Vehicle exports are likely […]

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Everyone once in a while there’s a comment that there is going to be a bond crisis in Thailand, I just don’t see it. Here’s the issue with these BE’s They are junk companies. They were able to get paper financing at rates lower than bank financing (IFEC with single digit cost of funding for […]

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BANPU BANPU to invest USD350mn in the gas, power plant, and mining businesses. It is ready to develop a five-year plan. ( Thun Hoon, 21/7/17) BCP BCP approved a JV with KSL by a subsidiary. This is to strengthen its ethanol business. The process is expected to be done within October.  (Thun Hoon, 21/7/17) Comment: […]

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The change in the petrol retail industry in Thailand was first started by PTT Group when they constructed the first half decent stations with retail outlets, coffee shops, f&B etc, over a decade ago. Following on from this the other players, i.e. Shell, Esso, Bangchak did try to follow suit but never really took off […]

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ADVANC ADVANC to invest Bt2bn in customer care. Serenade customers are targeted to hit 4mn within 2017 from 3.5mn now. (Khao Hoon, 20/7/17) AH AH sold shares in its joint venture “Quantum Inventions Pte Ltd” to Continental for SGD9.25mn. This could be booked as extra gains in 3Q17. It targets 2017 revenue growth at 5%. (Thun Hoon, […]

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COMAN COMAN believes 2H17 performance will be good, driven by revenue from “Synergy Technology” and high season. The management team signals that there are M&A deals. It is now ready to be a leader in development of tourism software. (Thun Hoon, 19/7/17) KTC KTC 2Q17 earnings are Bt786mn or Bt3.05/share or 35.66% YoY growth. (Thun […]

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