Main
Kasikorn abruptly advises AOT shares from buy to sell, dropping 42.55 per cent on target price
An analysis from Kasikorn Securities revealed that it has lowered its suggestion of AOT’s shares from “buy” to “sell” and reduced the target price down to 42.55 per cent, from 70.50 baht to 40.50 baht.Kasikorn Securities disagreed with Airports...
EnquiStock
Looking at and breaking down Thailand’s best performing stocks in a down year
A recent surge in global equity markets show that investors are perhaps ignoring the negative economic data released for the recently ended quarter.For example, the S&P 500 Index, Nasdaq Index, Korea’s KOSPI Index, India’s NIFTY Index, Jakarta Composite...
Main
Airports of Thailand [SET:AOT] says next fiscal year will be tough after coronavirus pandemic shutdown
SET-listed Airports of Thailand said on Friday that the next fiscal year starting in October will hit the company hard due to the effects of the coronavirus pandemic.AOT President Nitinai Sirimatthakarn told reporters that the number of passengers...
Main
Sethaput to be next Bank of Thailand governor
Multiple sources confirmed on Wednesday that Sethaput Suthiwart-Narueput will be the next Bank of Thailand governor, replacing current governor Veerathai Santiprabhob who is due to retire at the end of September.The sources inside the cabinet and parliament said...
Market Watch
MINT’s capital raising offering receives extra 30 per cent on subscribers
Minor International Pcl (MINT), the leading hotel operator in the ASEAN region, reported that the company has succeeded in offering 9,858 million baht capital raising shares with 30 per cent higher on expected subscriber numbers.MINT’s Right Offering was designed...
Market Watch
Brokers see positive signs for CPF share as pork price rises
Charoen Pokphand Foods Plc (CPF) is performing well on the shares market with more than a 50 per cent increase in profit estimate as a result of the rising pork price in the market. Asia Wealth Securities estimates that 2020...
Main
Upticking political uncertainty poses worsening risk to Thai economy, experts say
The political movement from the anti-government group could put Thailand under heavy political strain, something which could hamper an economy already feeling the effects of the coronavirus pandemic.A protest organized this past Saturday by student groups was the...
Main
Banks’ second-quarter earnings reports continue to show a profit downswing
Net earnings reports coming from financial banks still show a sharp decline in profitability. Siam Commercial Bank (SCB) and its subsidiaries reported a consolidated net profit of 8.4 billion baht for the second quarter of 2020. Net profit slid 24...
Main
Hotels warned by government after hiking up prices ahead of Tiew Pun Sook campaign
Any hotel found guilty of hiking up their prices ahead of the “Tiew Pun Sook” campaign will be delisted from the government’s measures to promote domestic tourism, the government said on Monday.The Thai Hotels Association urged its members on...
Main
GH Bank announces increased loan loss reserves for rest of 2020
The Government Housing Bank, one of the largest non-listed but government-owned banks, announced that it was preparing to book more loan loss reserves to handle a surge of non-performing loans (NPLs).Chatchai Sirilai, the president of Government Housing Bank (GHB),...
