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.
Golden Land eyes Bt10bn sales by 2015 —Golden Land Property Development aims to see revenue of Bt10bn in 2015 after Univentures took a 50.64% stake in the company last year. (The Nation, 08/03/13)
Buying more land to expand — TICON is to invest Bt8bn in purchasing land to expand the number of its warehouses and factories. It expects revenue growth of 30% this year, reaching Bt7.55bn, with an increase in rent of 10-15%. It also plans to sell more assets into its property fund worth Bt6bn in 2H13. (Khao Hoon, 08/03/13)
Comment: Always have liked this company’s business model since 2004 when we first found it