Transport Minister: Look at costs before allowing PSC rise — Chatchart Sithipun, transport minister, said he wants to take a look in detail at AOT’s cost rises before make the decision about raising passenger service charge, because there are more opponents than supporters. (Khao Hoon, 29/10/13)
Comment: i’ve been reading that there will be at least a 2 month period before anything happens with this and that there is a small chance that it could be delayed – although we doubt it
Extra gains in 3Q on expiration of loan case — BLAND will book extra gains of Bt3.8bn in 3Q13 (Oct-Dec 2013) after expiration of the statute of limitations (10 years) on its loan case. It says profit will exceed Bt6.9-9.2bn this year. It is also planning to bid for the Pink Line early next year using the proceeds from the sale of assets to its property fund and the sale of its land on Srinakarin. (Khao Hoon, 30/10/13)
Comment: Hahaha, well if you don’t have to pay back a loan then its wonderful news.
FVC increases 128.33%in the first day trade — FVC closed at Bt2.74, more than double its IPO price. Its MD said 2013-2014 revenue growth would be 18-20%with a sharp growth in net profit as its business expands. (Khao Hoon, 30/10/13)
Comment: as we’ve mentioned in the past, any small ipo in Thailand performs well on its first day, but good luck getting any shares in it.
Restructured Golden Land Property plans 10 low-rise housing projects next year – Golden Land Property Development, a subsidiary of Univentures – part of the Sirivadhanabhakdi family’s business empire – plans to launch 10 low-rise residential projects worth Bt10bn combined next year. (The Nation, 30/10/13)
Comment: Well its a huge departure from what Gold used to do back in the way, we’ll have to follow the company quarterly to see well it performs
PTTEP seeks Hess assets – PTT Exploration and Production Plc (PTTEP), Thailand’s sole publicly listed oil and gas explorer, is keen to acquire Hess Corporation’s assets here and in Indonesia in a bid to boost production and petroleum reserves. (Bangkok Post, 30/10/13)
Looking at 10 more branches in Myanmar — JMART aims to add ten new branches in Myanmar, to reach a total of 15 branches in 2013. It expects growth in this market to continue for the long horizon. It says 4Q13 will be better than 3Q13 due to the launch of new smartphones and addition of new branches. It expects revenue growth of 40% YoY this year. (Khao Hoon, 30/10/13)
Comment: They will do so well because of this.
3Q13 profit expected at Bt9.7bn — SCC expects 3Q13 profitof Bt9.7bn a surge of 51%YoY, lifted by increased revenue from its construction materials unit to Bt1.5bn and continued strength in its cement and petrochemical businesses. (Khao Hoon, 30/10/13)