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

BTS
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

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 Bt1.bn. 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. (www.nationmultimedia.com)

TRC

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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