Can Usanee Sangsingkeo Save Thai Airways International PCL (BKK:THAI)

Can Usanee Sangsingkeo Save Thai Airways International PCL (BKK:THAI)

Can Usanee Sangsingkeo Save Thai Airways International PCL (BKK:THAI)

Usanee Sangsingkeo has her hands full at Thai Airways to try to resurrect the company to it’s former glory. The company has had an unpleasant run over the last few years but we do feel the new management is exactly what Thai needed.

Overall Usanee Sangsingkeo looks like the right person for the job and we have a 25 baht target on Thai.

Technically the stock does not look so hot and it will take time for the new management to bring to fruition plans to take Thai back to strong profits, but at this price it does look like a buy.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

The projected upper bound is: 18.19.

The projected lower bound is: 16.23.

The projected closing price is: 17.21.

THAI AIRWAYS closed up 0.300 at 17.300. Volume was 70% below average (consolidating) and Bollinger Bands were 24% narrower than normal.

Open        High          Low           Close        Volume
17.000      17.400      17.000      17.300      3,653,000

Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period        50-period     200-period
Close:                       17.57                19.02             23.25
Volatility:                23                    33                   60
Volume:                  5,305,960      9,045,714      24,052,936

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Thai Airways Summary
THAI AIRWAYS is currently 25.6% below its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of THAI.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on THAI.BK and have had this outlook for the last 9 periods.

Thai Airways, Airway, Plane, Flying, BKK, HEFFX, PCL, Outlook, Shayne Heffernan


HEFFX Momentum Thai Airways
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 14.2857. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 25 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 33.95. This is not a topping or bottoming area. However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 0 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -97. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 5 period(s) ago.

Thai Airways, Airway, Plane, Flying, BKK, HEFFX, PCL, Outlook, Shayne Heffernan

Thai Airways, Airway, Plane, Flying, BKK, HEFFX, PCL, Outlook, Shayne Heffernan

VALUATION RATIOS

Company industry sector
P/E Ratio (TTM) 2,492.79 69.11 27.44
P/E High – Last 5 Yrs. 3,270.89 73.66 47.29
P/E Low – Last 5 Yrs. 7.74 8.24 12.58
Beta 2.08 0.24 0.92
Price to Sales (TTM) 0.21 0.50 72.76
Price to Book (MRQ) 1.13 0.87 2.42
Price to Tangible Book (MRQ) 1.15 1.01 3.46
Price to Cash Flow (TTM) 2.10 5.66 17.46
% Owned Institutions 0.44 1.71

DIVIDENDS

Company industry sector
Dividend Yield 0.71 1.58
Dividend Yield – 5 Year Avg 0.16 1.53
Dividend 5 Year Growth Rate 1.43 7.91
Payout Ratio(TTM) 0.00 5.58 37.43

GROWTH RATES

Company industry sector
Sales (MRQ) vs Qtr. 1 Yr. Ago -3.79 3.94 4,281.92
Sales (TTM) vs TTM 1 Yr. Ago -2.42 2.30 8.42
Sales – 5 Yr. Growth Rate -1.37 6.49 7.65
EPS (MRQ) vs Qtr. 1 Yr. Ago -128.93 47.07 496.36
EPS (TTM) vs TTM 1 Yr. Ago 100.12
EPS – 5 Yr. Growth Rate -18.68 8.56
Capital Spending – 5 Yr. Growth Rate -14.72 -1.30 11.07
Thai Airways Description
Thai Airways International Public Company Limited is a Thailand-based company engaged in the operations of airline business and business unit related to transportation. The Company operates three business segments: air transportation segment, which is the transport of passengers, cargoes, and mail on scheduled flights, as well as chartered flights to domestic and international destinations; business units segment including warehouse storage services, ground customer services, ground equipment services and catering services, and other activities segment, which consists of technical department providing aircraft maintenance services, dispatch services, duty free sales on board and Thai shop-souvenir sales. Its subsidiaries comprise Thai-Amadeus Southeast Asia Company Limited and Thai Smile Airways Company Limited.
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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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