Bright Outlook for SPP Profit Margins in 2Q24F: Analysis and Predictions for the Electricity Market in 2024
SPP’s profit margins should remain good in 2Q24F and may be in tandem with electricity prices (May-Aug. 2024), which are expected to be at 4.18-5.44 baht/kWh (higher than the current 4.18 baht/kWh ). Although SPP’s average gas price should decrease QoQ, SPP’s margin should increase QoQ in 2Q24, which is considered better than the market’s […]
Navigating Gold Online (GOM24) and Golden Future (GF10J24): Yesterday’s Trends and Strategies
Gold Online (GOM24) Yesterday, GOM24 fluctuated, turning down to a low of 2202.9, then bounced back up to a high of 2231.0 and closed at 2211.1. Online gold trends: Evaluate: GOM24 may fluctuate, recovering to the resistance level 2208/2228, alternating with swings down to test the support level 2193/2178. strategy: It is recommended to open […]
2023 Key Points Summary: CK’s Profit Increases, Challenges Ahead
Summary of key points in 2023: CK’s 4Q23 net profit was 156 million baht (+39% YoY but -76% QoQ) oi) weak gross margin, ii) no allocated income, and iii) The share of returns from related companies’ investments are lower. Overall, the net profit in 2023 increased by 36% YoY to 1.5 billion baht, following i) […]
Challenges and Trends in Non-Bank Performance for 2023-2024: A Closer Look
Performance across all non-banks was weak for the full year, quarterly 1Q23-4Q23, with full-year 2023 net profit increasing just 3%, despite strong average loan growth of 20%. In this regard, the rate of profit growth tends to slow down QoQ because the GDP expansion decreases, affecting the ability to repay debtors’ debts and causing credit […]
Analyzing the Downside Risk to Profit Estimates of Thai Listed Companies: February Update
In last month’s analysis, we assessed the downside of the SET limited index due to the cheap valuation, but there is still a downside risk to the profit estimates of listed companies. because the economy is slower than expected The SET index is moving within the support-resistance range we previously estimated, namely 1,350 – 1,410 […]
Forecasted 4Q23F Net Profit for Hospital Group Shows Promising Results
Estimated net profit in 4Q23F of the hospital group we are studying. • Bangkok Chain Hospital (TBBCH.BK/BCH)* We expect operating results to be satisfactory with 4Q23F net profit of 423 million baht (+57% YoY, -3.9% QoQ). • Bangkok Dusit Medical Services (BDMS.BK/BDMS TB)* We expect the results of surgery to be good. with a net […]
Navigating Gold Futures: Analyzing Trends and Strategies for GOH24 and GF10G24
Gold Online (GOH24) Yesterday, GOH24 fell down, rising to a high of 2080.1, alternately down to a low of 2066.4 and closing at2071.9 Online gold trends: Assessing that GOH24 may fluctuate downwards It bounced back up to test the 2078/2093 resistance level, alternating with swings down to the 2058/2043 support level. strategy: It is recommended […]
Government Policies and Purchasing Power Boost in the Thai Economy
Government Policies Expected to Add 188 Billion Baht to Economy Amid concerns over a potential drop in foreign tourist spending, the government’s planned policies, including minimum wage and civil servant wage increases, as well as the E-refund campaign, are expected to inject a net purchasing power of 188 billion baht into the economy. This is […]
AP Reports Strong 3Q23 Profits and Positive Outlook for Future Growth
AP Reports 1.696 Billion Baht Profit in 3Q23, Beating Market Expectations In the third quarter of 2023, AP reported a profit of 1.696 billion baht, slightly exceeding our expectation of 1.67 billion baht and surpassing the market’s forecast of 1.64 billion baht. The company attributed this strong performance to an 8% increase in income from […]
Positive Earnings Momentum Continues, Anticipating Significant YoY Growth in 3Q23 Profits
Earnings Momentum Remains Strong, 3Q23 Profits Expected to Surge YoY It is anticipated that the company’s profitability will continue to soar in the third quarter of 2023, with a projected profit of 43.2 million baht. This represents a remarkable 771% increase compared to the same period last year, albeit reflecting a slight 14.3% decline compared […]
