ANAN -JV with Japanese developer — ANAN has announced that will be setting up a joint venture with a Japanese developer, Mitusui Fudosan Residential Company, “Ananda MF Asia Co., Ltd” with an investment budget of more than Bt1.8bn. The first project, “Ideo Q Rama 4”, a condominium project worth Bt6.5bn near the Sam Yan MRT station will open for presales in 4Q13. (Tun Hoon, 30/08/13)
Comment: A clever move on the part of ANAN as it’s balance sheet needs help in order continue expanding
CGS profit reaches record high ending with Bt366.75mn for 6M13, a 247% increase YoY, pushing its retained earnings to Bt679mn. The increase was mostly attributed to higher fees and derivatives investment. (Khao Hoon, 30/08/13)
Comment: Every broker has performed marveously well this year!
NOK expects net profits this year to be Bt1.2bn, exceeding its target of Bt1bn, as passengers for the year is poised to exceed its target of 5mn and cabin factor is a high 80%. The company is adding two new routes in Myanmar and said that it has no worries about the hike in oil prices as it earlier hedged 30%. (Khao Hoon, 30/08/13)
Comment: I’m going to fly them next week, lets see if its any good, I generally don’t like the airline industry because of its incredibly high competitive nature
RS Expects record high profit in 2013 — RS is confident that net profit this year will reach a record high supported by its TV satellite business, with a gross margin of 43%, and the proportion to revenues risen to 55% YoY at the end of 2Q13 from 33%. However, revenue target has been revised down to Bt3.7bn. (Khao Hoon, 30/08/13)
SIRI 5 new SDH-TH projects this quarter — SIRI will be launching five new SDH-TH projects worth Bt6.68bn in 3Q13 to serve the demand for Bangkokians in Bangna-Rama 2 area, providing projects for all segments. (Khao Hoon, 30/08/13)
SCG jump-starts Vietnam project :New five-year plan boosted by 25%. Siam Cement Group (SCG) has approved a medium-term investment plan worth 250 billion baht including a long-delayed US$4.5-billion petrochemical complex in Vietnam.