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NEW UPDATES Asean Affairs  22  August 2014  

Thai alternative bourse's companies post 5.6 pct sales growth in Q2

-       Sales of mai-listed firms up 5.63 pct y-o-y in Q2
-       Higher sales expenses weigh down net profits
Companies listed on the Market for Alternative Investment (mai), under The Stock Exchange of Thailand (SET) group, reported a
5.63 percent increase in Q2 sales year-on-year to THB 28.51 billion (USD 891million), while net profit was THB 687 million (USD 21.5 million), down 21percent from a year earlier.
The aggregate number was from the 97 of the total 100 mai-listed firms. Of the total, 68 companies, or 70 percent, reported net profits, said mai President Prapan Charoenprawatt.
"In the second quarter, the mai-listed companies still faced uncertainties amid economic slowdown. Some businesses, such as the newly launched digital TV, are at a primary investment stage with high operating costs and interest expenses, making pushing their earnings down. However, second-quarter gross profit margins of mai-listed firms could increase to 21.06 percent, while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 14.27 percent from a year earlier," added Prapan.
In the first six months, mai-listed firms reported a 7.71 percent increase y-o-y in sales to  THB 57.55 billion (approx. USD 1.80 billion). However, sales costs rose by 10.37 percent, dragging gross profit margins down at 20.83 percent, compared to 22.74 percent a year ago. Net earnings dropped 31 percent to THB 1.97 billion (USD 61.4 million), hit by a drop of profit margins to 3.41percent, from 5.45 percent, while operating expenses were 11.73 percent higher.

The top five most profit-making mai-listed companies in the second quarter were Energy Absolute pcl (EA) making THB 408 million net profit, Brooker Group pcl (BROOK) reporting 73 million net earnings, Jubilee Enterprise pcl (JUBILE) making THB 63 million, Fortune Parts Industry pcl (FPI) posting THB 62 million, and Thai Nakarin Hospital pcl (TNH) reporting THB 55 million net profit. As of August 19, 2014, the mai index closed at 609.99  points, up 70.96 percent since the start of this year, with a total market capitalization of THB 289 billion (USD 9.03 billion) and daily average trading volume of THB 1.8 billion.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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