CHOW CHOW got EPC project from Primo energy for a 10MW solar farm. (FUKUI project, valued at Bt3bn.) (Khao Hoon, 16/06/16) IVL IVL plans to cooperate with Dhunseri, expects this to expand its PET market in India. It expects a decision to be finalized by 2016. It expects 2016 outlook to be good after its […]
Read More →TU pursues global leadership through innovation and sustainability Thai Union Group Plc is one of the world’s largest seafood producers and exporters. President and CEO Thiraphong Chansiri discusses the company’s strategy and outlook. TU and yourself have received many awards including “Best Managed Company” from Asia Money, “Best Corporate […]
Read More →AAV Confident in AAV’s management team — The Srivaddhanaprabha family of duty-free operator King Power has insisted it does not plan to shake up Thai AirAsia nor delist the firm that owns the majority stake in Thailand’s largest budget carrier. (Bangkok Post, 15/6/16) Comment: Get ready to see more duty free sales on every flight! […]
Read More →Ouch, this will hurt the markets today. China was rejected despite a flurry of measures this year to address MSCI’s concerns, including curbs on arbitrary trading halts and looser restrictions on cross-border capital flows. The decision suggests international investors are still uncomfortable putting their money in the $6 trillion market after a botched government campaign […]
Read More →AOT AOT plans to put two contracts for Suvarnabhumi phase 2 up for bid in Aug. It expects to put the other contracts up for bidding this year. It plans to begin Don Muang Phase 3 as soon as possible. (Thun Hoon, 14/06/16) BEM BEM expects to be the operator for the MRT Blue Line […]
Read More →Oil prices are beginning to look wobbly, should that go (no idea, USD seems to be weakening at the same time so there’s a temp disconnect between the two), then don’t be surprised to see the market comfortably drop a couple %, but with the government pushing through the infrastructure projects then perhaps that could […]
Read More →Notable Transactions Buy(s) THB 124mn Whilst there were no major purchases above THB 20 mn in value, it was good to see a wide range of insiders buying their shares back in the markets Sell(s) THB 1.1 bn MINT – A block sale by the owner to his private co TKN – They’ve been doing […]
Read More →And the deal is done, it’s been denied multiple times over the past few months but in the end the deal was done. So here at the details: AAV owns 55% of Thai AirAsia, the remainder is owned by the parent 1.89 bn shares sold @ THB 4.2 /share, this represents 39% of shares from […]
Read More →ADVANC ADVANC expects to revise down its 2016 revenue target because of paying Bt75bn for its 4G license. It will make the first payment of Bt8bn with bank guarantee in June. Its cash on hand is Bt60bn. It is budgeting Bt40bn for network expansion. It says its dividend payout ratio will still be 100%. (Khao […]
Read More →