Revenue down on slow hard disk drive market — FORTH says its revenue will fall from last year’s Bt5.9bn to Bt5bn this year due to the slowdown in the hard disk drive market. However, it is confident that net profit will increase to Bt250mn from Bt93mn. (Khao Hoon, 15/10/13)
Comment: Thailand has been the worlds largest hard disk drive manufacturer for the past few years, however the shift within the industry (i.e. pc sales down to tablet sales up) have hurt manufacturers such as forth, what we thought the real value in forth was its boonterm machines
In Touch on the lookout for digital TV partnership — INTUCH outlined its plan to expand its digital television business by positioning itself as a “TV channel manager” rather than a “broadcaster”. (Bangkok Post, 15/10/13)
Negotiations over land lease — The SRT is insisting on annual rent of Bt1.7bn for the life of the 30-year contract while PTT is standing firm on its old terms of Bt800mn. If they cannot reach an agreement, PTT will have to move out of its HQ. (Khao Hoon, 15/10/13)
Comment: Well…the SRT does have a tonne of land that is incredibly underutilised. Thinking aloud…does PTT have two books of accounts for this type of thing?
Continue reading Stocks in the news (forth, intuch, ptt, pttgc, ratch, sricha, tcap) 15.10.13