Rating affirmed — TRIS Rating affirms the company rating of Bangkok Chain Hospital PLC (BCH) at “A‐”. At the same time, TRIS Rating assigns a rating of “A‐“ to BCH’s proposed issue of up to Bt1.8bn in senior debentures. (TRIS Rating, 10/01/13)
Infrastructure fund unrelated to disputed BTS contract, BTS says — BTS reiterated that the BTSGIF infrastructure fund is not associated with the new BTS contract because the revenues received will be from the remaining 17 years on the original concession, which is guaranteed. The company confirms that the DSI case will not affect BTSGIF’s income. (Khao Hoon, 11/01/13)
Comment: like we said, it’s political noise, no impact on bts’ operations or plans at all.
2013 growth of 20% it says — FPI says 2013 revenue will grow 20% due to high orders on hand, with a stable gross margin of 30%. The company also plans to increase its selling price by 5%. It expects 2012 revenue to reach its target of Bt1.5 bn. (Khao Hoon, 11/01/13)
Cedar set to sell stake in InTouch — Cedar Holdings, a unit of Singapore’s state investment firm Temasek Holdings, looks set to sell its entire shareholding in InTouch Plc (INTUCH) next year, says the head of Thailand’s largest telecommunications conglomerate. (The Nation, 11/01/13)
Comment: Well guess I was wrong yesterday, Temasek now wants to sell it all!
Three targets for 2013 — Jaymart has set three major targets for this year: raise revenue 40% cent to Bt10bn, sign up 50 franchisees, and increase its share of the mobile-phone market to 15-18%. (The Nation, 11/01/13)
Comment: love this business, love this company, loveD the stock
Mfone filing for bankruptcy — Cambodia-based telecommunication operator Mfone, part of the Thaicom group, on Wednesday petitioned for insolvency proceedings in Phnom Penh after facing difficulties in an intensely competitive market and after failing to complete the sale of its shares to INT Management Service Company. (The Nation, 11/01/13)