5 April 2017
Picks
– Residential Property (NEUTRAL): Big plans, but let’s see how it goes
– EGCO (HOLD/Target Price Bt241.00): Valuation upside restricted despite recent acquisition
– SCC (BUY/Target Price Bt620.00): Short-term subdued story in the price
News
(+) GGC – GGC expects to raise B3bn from second quarter IPO
(+) TVO – TVO mulls new plants following record year
(0) SCB – SCB to stay sharp with staff shake-up
(0) Auto – Tesla overtakes giant Ford in market cap
(+) Economy – GSB builds up Bt50 bn war chest to back loan needs
(+) Economy – Cabinet approves investment in new Bang Pakong power plant
(+) Economy – BOI OFFERS MORE TAX PRIVILEGES IN EEC