AOT gets screening fee nod — AOT can charge air passengers for advance passenger processing, under a Civil Aviation Board decision yesterday. AOT is expected to introduce the system this year and the board has capped the charge at Bt50/passenger. AOT will install an advance passenger processing system (APPS) that will speed up immigration checks at the airport. The APPS will allow customs officials, airport and airline staff and immigration police obtain the profiles of passengers from their countries of origin. (Bangkok Post, 20/06/13)
Comment: AOT has always been a cheap stock for the past few years, but we just don’t trust management
Ananda: Looks to Japanese. Ananda Development (ANAN) has signed a JV agreement with Mitsui Fudosan Residential, one of leading property developers in Japan. Each party will hold 49% in the JV with initial capital of Bt1.8b. The JV will co-invest in real estate development projects in Thailand. ANAN expects to announce the details of its first joint project very soon. (Source: Bangkok Post)
Comment: We’ve never quite liked this company due to its product positioning within a very crowded Bangkok Property market.