Economic slowdown leads to cut in target — ADVANC slashed its revenue target for the year to 5-6% from 6-8% due to the slowdown in the economy. Its 3Q13 net profit shrank to Bt8.34bn, with 9M13 net profit of Bt27.46bn, growth of only 3.9% YoY. (Khao Hoon, 06/11/13)
Comment: Will this dividend behemoth finally slow down?
Mitsubishi in after all — Mitsubishi has opened a tender offer to buy BAY shares starting Nov 7 and extending to Dec 13, for Bt39.00/share. BAY’s management sees that the acquisition by BTMU will helpBAY’s growth, driven by new big Japanese clients. It expects ROE to be amongst the top three in the sector. (Khao Hoon, 06/11/13)
Launching new end-year campaign — CPN is joining a group of companies to invest Bt100mn in its new promotional campaign, “CPN Joy to the World” during Nov 14-Jan 12, 2014. The campaign is expected to bring in more than 2mn customers per day and help stimulate sales by 20-30% from the usual during this season. (Khao Hoon, 06/11/13) Continue reading Stocks in the news (advanc, bay, cpn, kmc, ktb, pf) 06.11.13