Stocks in the news (bec, bgh, erw, gold ticon) – 08.03.13


Sees no roadblocks ahead — BEC expects business to continue growing from last year, after raising ad rates by 50% for 30-40 programs in 1Q13. It is also ready to bid in the TV digital auction in the second half of the year after more clarification from the NBTC. (Khao Hoon, 08/03/13)


BGH plans to add six more hospitals – Thailand’s largest private hospital group, Bangkok Dusit Medical Services (BGH), plans to add six more hospitals this year, focusing mainly on Thailand. (Bangkok Post, 08/03/13)

Comment: Hospitals in a REIT…can’t wait to see these headlines in the next year or so


Setting up property fund — ERW has selected SCBAM to set up its property fund, ERWPF, worth Bt1.8bn. Subscription period is 15-22 March, with offering price of Bt10.40 per unit. Properties included in the fund are IBIS Hotel in Patong and IBIS Hotel in Pattaya. It expects to book a gain from the sale of assets to the fund of Bt700mn in 2Q13. (Khao Hoon, 08/03/13)

Comment: ERW has done a wonderful job in setting themselves as an institutional investor in hotel assets. However we now think the story is done. Continue reading Stocks in the news (bec, bgh, erw, gold ticon) – 08.03.13