Category

Thailand

Mar 18
0

Daily Brief Thailand: Bangkok Dusit Medical Services and more

By | Daily Briefs, Thailand

In today’s briefing:

  • Bangkok Dusit Medical (BDMS TB): Stable 2024 Performance as International Patients Drive Growth

Bangkok Dusit Medical (BDMS TB): Stable 2024 Performance as International Patients Drive Growth

By Tina Banerjee

  • Bangkok Dusit Medical Services (BDMS TB) posted 7% rise in revenue from hospital operations in 2024 as both International and Thai patients revenue reported growth of 11% and 5%, respectively.
  • EBITDA grew 7% YoY to THB26.6B on higher revenues and better cost management while net profit also rose to THB16B on lower interest cost.
  • COEs, focusing trauma, heart, orthopedics, cancer, and neuro contributed 57% of hospital revenue, while their contribution to EBITDA was at 60% in 2024.

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Mar 17
0

Daily Brief Thailand: CP ALL PCL and more

By | Daily Briefs, Thailand

In today’s briefing:

  • CP ALL (CPALL TB) – Increasing Size and Diversity

CP ALL (CPALL TB) – Increasing Size and Diversity

By Angus Mackintosh

  • A meeting with CP ALL (CPALL TB) management revealed some interesting new initiatives to drive growth as the company remains upbeat about its store expansion for 2025. 
  • The company is moving towards opening larger-sized stores, with more RTE and RTD offerings and some parking and food vendors outside, which will help diversify merchandise offerings..  
  • It is unclear what direction Seven & I’s restructuring will take, but looking through that, the company is trading on historically attractive valuations.

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Mar 13
0

Daily Brief Thailand: Valeura Energy Inc and more

By | Daily Briefs, Thailand

In today’s briefing:

  • Valeura Energy (TSX: VLE): Investor visit: adding depth and breadth

Valeura Energy (TSX: VLE): Investor visit: adding depth and breadth

By Auctus Advisors

  • • Valeura hosted an investor trip to its operations in Thailand earlier this month.
  • The visit underscored three key aspects: (1) the extensive experience of the management team, (2) the strong relationships with Thai authorities, and (3) the substantial breadth of its assets, offering more potential than previously anticipated.
  • • Greg Kulawski, Valeura’s COO, brings extensive experience to the company’s shallow water operations in Thailand.

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Mar 12
0

Daily Brief Thailand: Delta Electronics Thailand and more

By | Daily Briefs, Thailand

In today’s briefing:

  • SET50 Index: Market Moves Adjust for Consultation Proposal; DELTA in the Crosshairs (Again)

SET50 Index: Market Moves Adjust for Consultation Proposal; DELTA in the Crosshairs (Again)

By Brian Freitas

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Mar 11
0

Daily Brief Thailand: VGI PCL and more

By | Daily Briefs, Thailand

In today’s briefing:

  • SET50 Index Rebalance Preview: VGI Could Be an Ad Hoc Add; Then 3/4 More in June

SET50 Index Rebalance Preview: VGI Could Be an Ad Hoc Add; Then 3/4 More in June

By Brian Freitas

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Mar 08
0

Daily Brief Thailand: Central Pattana Pub and more

By | Daily Briefs, Thailand

In today’s briefing:

  • Central Pattana: Thailand’s Largest Retail Property Developer to Ride on Domestic & Tourist Recovery

Central Pattana: Thailand’s Largest Retail Property Developer to Ride on Domestic & Tourist Recovery

By Jacob Cheng

  • Central Pattana is Thailand’s largest retail property developer that operates its own ecosystem across retail, office, residential and hotel
  • We think Central Pattana has maintained sound and solid capital management strategies to drive shareholders returns, including increasing dividend payout, de-leveraging as well as M&As
  • The macro outlook for Thailand is mixed, but we think post-covid tourism is undergoing recovery and this will support CPN’s key operating businesses

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Mar 07
0

Daily Brief Thailand: VGI PCL, Bumrungrad Hospital Pub Co and more

By | Daily Briefs, Thailand

In today’s briefing:

  • Quiddity Leaderboard SET50 Jun25: One Intra-Review Replacement Soon! Three Regular Changes Later
  • Bumrungrad Hospital (BH TB): Dwindling International Revenue on Competition; No Near-Term Respite

Quiddity Leaderboard SET50 Jun25: One Intra-Review Replacement Soon! Three Regular Changes Later

By Janaghan Jeyakumar, CFA

  • The SET50 index tracks the performance of the top 50 largest and most liquid names listed on the Stock Exchange of Thailand (SET).
  • In this insight, we take a look at the potential ADDs/DELs for SET 50 in the run up to the index rebal event in June 2025.
  • The GULF-INTUCH M&A event could trigger an intra-review change within the next few weeks. Then there could be more regular index changes in June 2025.

Bumrungrad Hospital (BH TB): Dwindling International Revenue on Competition; No Near-Term Respite

By Tina Banerjee

  • Bumrungrad Hospital Pub Co (BH TB) reported marginal revenue growth in 2024, with margins expanding on lower expenses. Revenue from international patients witnesses contraction, while domestic patient volumes provide traction.
  • Competition from peers like BDMS remains a concern in near term. With the entire Ramadan period falling in 1Q25, Bumrungrad’s international patient revenue is expected to remain muted in 1Q25.
  • The share prices of Bumrungrad are expected to remain under pressure with the commencement of operation at BIH Phuket being the only near-term trigger for the company.

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Mar 05
0

Daily Brief Thailand: SGX Rubber Future TSR20 and more

By | Daily Briefs, Thailand

In today’s briefing:

  • Thailand Rubber: Sri Trang Makes A Spectacular Foray In 2024, NER Too Impresses

Thailand Rubber: Sri Trang Makes A Spectacular Foray In 2024, NER Too Impresses

By Vinod Nedumudy

  • Sri Trang posts US$48.8 mn profit, reversing loss of US$12.7 mn in 2023  
  • Sri Trang sells 133,163 tons of EUDR rubber in 2024  
  • North East Rubber setting up plant in Ivory Coast  

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Mar 04
0

Daily Brief Thailand: Valeura Energy Inc and more

By | Daily Briefs, Thailand

In today’s briefing:

  • Valeura Energy (TSX: VLE): Production boost and likely reserves increase at Manora

Valeura Energy (TSX: VLE): Production boost and likely reserves increase at Manora

By Auctus Advisors

  • Valeura has drilled three new production wells and two appraisal wells at Manora.
  • Four of these wells are now online, boosting production from 2,144 bbl/d to 2,866 bbl/d.
  • The results of the A35 and A36 appraisal wells have derisked 3-5 potential future drilling targets.

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Feb 27
0

Daily Brief Thailand: HD and more

By | Daily Briefs, Thailand

In today’s briefing:

  • HD lands US$7.8M to grow HDmall, expand AI chatbot, enter Vietnam | e27

HD lands US$7.8M to grow HDmall, expand AI chatbot, enter Vietnam | e27

By e27

  • HD, the Bangkok-headquartered company behind HDmall, a healthcare and surgery marketplace in Thailand and Indonesia, has secured US$7.8 million in equity funding.
  • The funding round included participation from US-based Merck Sharp & Dohme (MSD), SBI Ven Capital, M Venture Partners, FEBE Ventures, and Partech Partners.
  • Also Read: These former aCommerce execs are building an ‘Amazon’ for healthcare in Southeast Asia This marks the first investment by MSD IDEA Studio Asia Pacific, an initiative by the MSD Global Health Innovation Fund (MGHIF) and MSD Asia Pacific regional team, invest in a Southeast Asian healthtech firm.

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