To set up infrastructure fund — AOT will set up an infrastructure fund worth Bt60bn to build a new passenger terminal for Suvanabhumi Phase 2 and renovate and improve Don Muang and Phuket airports to prepare for an increase in the number of tourists. (Khao Hoon, 21/01/14)
Comment: We heard about this idea over the weekend, it’s not part of management’s plan yet and nothing has been fully disclosed to the market.
Bidding for Green Line — BTS will join to bid for the Green Line, Mochit-Saphan Mai – Kookot, with a budget of Bt26bn, along with the other five construction players, STEC, UNIQ, ITD, CK, and NWR. Bid documents are to be handed in by April 11th and contract signing with the MRTA is expected within October 2014. (Khao Hoon, 21/01/14)
Comment: One could view this more as a trading opportunity for the smaller contractors, for BTS the story is straight forward still with its passenger growth
CHOW will invest Bt1.863bn to build a new 18MW solar plant in Japan. It expects to book revenues in 3Q14 and targets steel sales in 2014 of 300,000 tons. (Khao Hoon, 21/01/14)
Comment: This was announced late yesterday afternoon, no idea on what the overall impact will be on CHOW’s earnings, but it’s always nice to see a thai company expand overseas Continue reading Stocks in the news (aot, bts, chow, drt, nyt, rs, sithai) 21.01.14