H. Marks Memo Perhaps I’m just biased from reading H. Marks memo’s for the past decade, but yes I typically say that I have no idea what will happen in the future and just explain potential scenarios (for companies/industries/countries) based upon what’s happening now. But even then I normally finish every conversation with this line […]

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Household debt drops to 88.2% of GDP in 2Q from 89.2% 1Q, but total value rose to Bt14.76trnl from Bt14.66trnl, as economy continues to expand. More than 6m international visited Thailand this year with a 90% surge last month alone when compared to average figures. Office of the Consumer Protection board (OCPB) has finalized the […]

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Week 03/10 – 07/10 Stocks BCG VN BCG approved to offer 266.73mn shares with the price of VND10,000/share at the ratio of 2:1 for existing shareholders via public offering. Expected time will be in 4Q22 after getting approval from SSC. Comment: Not sure where the earnings have been coming from for this “investment co” but […]

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ANAN sees positive sign from Ashton-Asoke case, firms on Bt13b transfer target, after Bt9.3b in 9M22, solid backlog at Bt12b to support Bt15.68b presales target, mulls 6 projects worth Bt21.63b in 4Q Comment: That asoke project….a never ending saga for ANAN. BEC aims to shift revenue mix from TV laden to digital platform, global content […]

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AH firms on 30% revenue growth target on 5-6% auto industry growth, and expansion in EV market. Comment: Again this revenue growth has nothing to do with EV’s, but it’s the narrative being used. BM’s upbeat outlook from pending orders of steel module for Tao-Bin robotic barista machines from FORTH, keeps Bt1.4b FY22 revenue target, […]

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ASW reported 9M22 residential sales at Bt13.1b, >Bt10b FY target thanks to strong sales of 2 condos (Kave Town Colony BKK Uni & Atmoz Oasis Onnut), will launch 2 projects Esta Rangsitkhlong 2 (SDH) & Kave Universe Bangsaen (condo) total Bt1.2b by end of year. CHAYO reported 9M22 debts acquisition >Bt4.2b, plans to add Bt10b-11b […]

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24CS: building engineering contractor specialize in electrical, air vent, telco and sanitary system, 24 Con & Supply, debuts 130m shares at Bt 3.4/share, UOB leads. Comment: Now that’s an IPO! ASIAN upbeats outlook from accelerated OEM pet food orders as international clients expand house brand products to boost margin, sees tuna & seafood business remained […]

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Some pain finally hit the market on 03/10. Will it continue? Should we really care that much about Credit Suisse? Look at the Chairman’s name, Lehmann! We do live in a simulation, it’s just ridiculous. Are we going to see oil wake up again for the rest of the year? I’m betting so. With the […]

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Notable Transactions Buy(s) THB 548 mn SABUY – A massive purchase by the founder. Similar to many others, he sold the free warrants and bought the shares. JMT – Founder buys and buys JMART – Founder’s son buys and buys MAJOR – Ohhhhhh, Vichai is back into buying shares in his own co? That’s a […]

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Week 26/09 – 30/09 News The Ministry of Finance (MOF) on September 23 proposed cutting special consumption tax and value added tax on fuels by up to 50%. If the proposal is approved, bio-fuel E5 RON 92 gasoline will decline by VND1,700 to VND20,531/ liter, RON95-III gasoline by VND1,921 to VND21,294/ liter and diesel oil […]

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