Stocks in the news (bts, Thai, trc) 22.04.13

Interim DPS at Bt0.18 from 3QFY13 earnings — After an initial DPS of Bt0.163/share on earnings in Apr-Sep 12 (1HQFY13), BTS announced a second interim DPS of Bt0.18 (XD on May 2), based on earnings in Oct-Dec 12 (3QFY13).

Comment. Only an interim dividend, analysts have been saying that a special divvy may be up to thb 1.2/share


THAI says cabin factor in March reached 80.3% —THAI has announced that its cabin factor in March 2013 grew to 80.3% from 78.4% in March 2012, bringing 1Q13 cabin factor to 79.8%, up from 78% in 1Q12 and 76% in 4Q12. (Thaionline, 19/04/13, IQ Biz, 19/04/13)

Thai Smile spin-off planned — Thai Airways International will soon ask for the Cabinet’s approval for the spin-off of Thai Smile. THAI President Sorajak Kasemsuvan said that Thai Smile Airway will be set up, to take over the operations of Thai Smile which is now a business unit. He said that details have been submitted to the Transport Ministry and these should be forwarded for the Cabinet’s approval within May. He added that as a wholly-owned subsidiary, Thai Smile Airway should show clearer balance sheets. A source at the company said that the plan would entail an investment of In 2014, the airline, of which fares would be 15-20% lower than THAI’s, would operate flights to Chiang Rai, Khon Kaen, Samui, Columbo, and etc, where THAI are now operating. More flights are planned for other Asian routes. (


The SET moved TRC from mai to the main board, to the Property Development sector and the Property & Construction Group, where it will continue to trade under the ticker “TRC” from 23 April 2013 onward. (Source: SET)

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