ADVANC sets 3G capex at Bt2bn — ADVANC has budgeted capex at Bt2bn to improve its 3G service and expects to draw 1–2mn new customers. Experts expect the telco industry in Thailand to grow 7% from the growth in voice and data are. (Tun Hoon, 5/02/13)
Comment: Telco sector has been losing its shine amongst investors, no surprise given the 3G story is finally over.
Dual listing confirmed — EARTH has confirmed the dual listing of the company’s shares on the stock exchange of Frankfurt and the SET. Kajornpong Kamdee, managing director of EARTH, plans to do a road show in 1H13. (Khao Hoon, 5/2/13)
Comment: I do like what I’ve been seeing with this company, a dual listing is something unique for Thai companies
AAV looks for good 2013 — AAV is certain that revenue will be high in 2013 with passengers growing to 10mn from 8.3mn in 2012 year, up 21% YoY. AAV plans to launch 3-4 new routes, mostly to serve the China market. (Tun Hoon, 5/2/13)
Comment: A broker’s favourite for the past few months, I just hope they don’t start shouting out that they plan to purchase planes…
Continue reading Stocks in the news (advanc, earth, aav, rml, uac) – 05.02.13