So the automotive industry in Thailand is dying? Well the largest automotive car maker in Europe, Volkswagen, has recently applied to set up its first plant in Thailnd under the government scheme that requires car makers to invest at least THB 6.5 bn and that annual production must reach 100,000 cars in the fourth year […]
Read More →CPN CPN will invest more than Bt50mn in digital platform and release a new CentralWorld App targeted at the new generation. CPN hopes the new app will help push sales up in 2Q and 3Q. (Khao Hoon, 04/04/14) DELTA DELTA to focus on the ASEAN market. It says performance in 1Q14 was very good, with […]
Read More →BECL BECL expects revenue growth of 5% YoY in 2014 after a rise of 2% YoY in toll collection in Jan and Feb. It is confident that highway traffic will expand in the rest of 2014. It also expects additional 10,000 cars per day after Asoke 3-1 highway opens. (Thun Hoon, 25/03/14) Comment: A good […]
Read More →AP TRIS has rated AP’s Bt1.5bn debenture at A- reflecting strong business position, many varieties of product line, and backlog which supports revenue in the future. (Khao Hoon, 13/1/14) Comment: Had a good discussion with friends about AP, they seem to be limited on the management side to constantly expand their business and thus the […]
Read More →AI Huge extra income in 4Q13 — AI will book extraordinary income of more than Bt1bn in 4Q13 from AIE’s IPO. It also said that 2014 will be an uptrend for the insulator manufacturing and engineering business. AIE will be listed in the MAI on Jan 6. (Khao Hoon, 03/01/14) Comment: Punters rejoice! CHG CHG […]
Read More →BAY Targets SME loan growth 2-3x GDP — BAY targets SME loan growth in 2014 of two-three times GDP growth, which is expected at 4%. It plans to expand its customer base to include more Japanese with a greater focus on trading business. NPLs are expected to be below 1%. Mr. Nariaki Koto has been […]
Read More →Ticon Industrial Connection Plc was established in 1990 to fill a need in the market for ready-built factories for lease. Ticon’s factories and warehouses are located in major industrial estates and in key areas in Thailand. Managing director Virapan Pulges discusses the company’s strategy and outlook. Virapan: Protests may hit property fund Please explain Ticon’s […]
Read More →Of things to note are the huge buy back by BGH’s main doctor Dr. Prasert @ THB 1.8bn and K. Keeree repurchasing shares of BTS, on the flip side its funny to see the majority of MEGA’s family shareholders selling out on IPO day. Note: For the monthly trades, we’ve decided to scale to […]
Read More →REITs will change the landscape quite a fair bit for several companies with income-recurring assets on hand, the ability to leverage (something which property funds can only do up to 10%) will allow firms like Ticon and CPN amongst several others to further expand without requiring an equity increase. But the delay has been in […]
Read More →ADVANC Cuts revenue target — ADVANC has lowered its revenue target for the year to 5-6% from 6-8% as it expects the slowdown in the economy to continue affecting earnings from 3Q13 through to 4Q13. (Khao Hoon, 20/11/13) Comment: And it looks like it will be the same story next year, management isn’t really open […]
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