New coal mine ready to start up — AGE is ready to start operations of its coal mine in Tambon Nadee in Samutsakorn province and revenues are expected to be recognized immediately in the first quarter. The company is confident that revenues this year will reach Bt6bn from last year’s Bt4bn. (Khao Hoon, 03/01/13)
Comment: Great story for this company.
Concession extension questioned — The Department of Special Investigation (DSI) accused the officials of the Bangkok Metropolitan Administration (BMA), and Bangkok Mass Transit System Pcl (held by BTS) and Krungthep Thanakom (held by BMA) of involvement in granting a concession to extend the skytrain train service without obtaining required prior approval from the Interior Ministry. (IQ Biz, 02/01/13)
Comment: Rubbish news, it sounds like politicians and government folk just making noise and looking for more handouts, BTS still has the infrastructure play on hand
Aquisition of Chia Tai Food (Qinhuangdao) — CPP (in which CPF owns 74%) announced on the Stock Exchange of Hong Kong that it has entered into an agreement to purchase 100% in Chia Tai Food (Qinhuangdao) from Chia Tai Food Investment, which is owned by CP Group. (Bangkok Post, 03/01/13)
Comment: Say what you want about this family’s past business digressions, they are making the right steps today
Continue reading Stocks in the news (AGE, BTS, CPF, KTB, RML, SIRI, VGI) – 03.01.13