RATCH in talks over Bt40bn coal plant — Ratchaburi Electricity Generating Holding Plc (RATCH) is in talks with ASEAN’s leading coal miner Banpu Plc to develop a Bt40bn coal-fired power plant in Indonesia (700MW) as part of its strategy to maintain business growth. The new possibility in Indonesia is now undergoing a feasibility study for a mine-mouth power plant. If it’s worth investing in, RATCH and BANPU could venture developing that project. The study is expected to be completed by this year. (Bangkok Post, 01/10/13)
Comment: This is interesting, it would be the second time the two companies would work together, first was with the Laos Hongsa Power project. Not to sure on the split between the two and how it would affect the bottom lines just yet.
Improvement QoQ in 3Q13 — GRAMMY says 3Q13 earnings beat second quarter and it continues to target revenue growth of 10%. It said it has Bt4bn cash on hand to bid in the digital TV auction. One of its subsidiaries has won the license to broadcast Euro 2016 and World cup 2018 qualifiers. (Khao Hoon, 01/10/13)
Comment: All positive news for GRAMMY thus far.