According to Bloomberg, Thailand still ranks as the #1 destination for Medical tourism… Source: Bloomberg … a quick look at Bumrumgrad Hospital (ticker: BH) revenue contribution for the past 2 fiscal years demonstrates how important medical tourism is to the hospital industry here in Thailand. Source: Bumrumgrad Hospital 4Q12 Report  

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Amata: Still confident of EIA backing. Amata Corporation is confident the environmental impact assessment (EIA) for its 3,500-rai expansion at Amata Nakorn Industrial Estate will be approved this year, ending a long dispute with communities. The company maintains the land sales target of 3,000 rai in 2013, up from 2,800 rai last year. (Source: Bangkok […]

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AMATA Amata expands industrial estates as Chinese flock in – Amata Corp, Thailand’s major developer and manager of factory estates, is set to expand its industrial zones to cater to Chinese investors, who are expected to set up 300 to 500 plants in its zones in the next five years. (The Nation, 03/07/13) Comment: Well […]

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Thailand Household debt on upward tilt — Household debt has hit a fresh high, particularly among low income earnings, who remain widely exposed to loan sharks, says the University of the Thai Chamber of Commerce. The latest UTCC survey of 1,200 respondents found mot of them (64.l5%) had average household debt of Bt188,774.54, up by […]

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Notable Transactions: Buy(s): THB 381 mn BLAND – K. Anantttttt is back in the fold GFM – This seems to be a continuation of a shift of ownership between family members MAJOR – Quite interesting, it isn’t often to see K. Vichai buy shares in MAJOR and this despite the fact its not trading that […]

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AOT: Expects good earnings. Airports of Thailand (AOT) expects arrivals to grow 19% this year to 85m. The company also expects 2H13 earnings to show strong yoy growth on the back of the absence of forex loss. This is because the company has swapped its yen loan to baht (worth Bt10b). (Source: Khao Hoon) Comment: […]

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CPF CPF slashes 5-year investment plan — CPF plans to slash its five-year investment budget by a third to US$1.6bn and pare back revenue targets, as its foreign farms are performing below expectations. It will also cut its revenue growth target to an average of 10% over the next five years from its earlier goal […]

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