TOT eyes new revenue from AIS pact – TOT Plc expects to earn revenue of at least Bt800mn a year from its network rental service once the state telecom enters a partnership with mobile leader Advanced Info Service (AIS). TOT chief executive Yongyuth Wattanasin said a one-year memorandum of understanding between the two parties is expected to emerge next month after TOT’s board approved the deal. (Bangkok Post, 24/02/14)
Comment: The only issue surrounding ADVANC is what Suthep has come out saying that it’s a shinawatra related business, which is rubbish.
AIT guarantees new high for 2014 net profit and revenue. It is confident that revenues will hit Bt6.2bn, supported by more than Bt4bn of backlog with 90% to be realized this year. It is ready to set up a business JV with LOXLEY and SAMART to penetrate the AEC market in the future. (Khao Hoon, 24/02/14)
Comment: They have yet still to disclose what they are going to do with the massive equity increase that they did last year.
To bid for new projects this year and aims to win Bt3.5bn to help push backlog up to more than Bt6.8bn. Revenue this year is expected to grow by 10%. (Khao Hoon, 24/02/14)
HMPRO to invest more than Bt150mn to renovate Pitsanuloke branch and targets sales of Bt58mn/month from this branch. It will start a new promotional campaign by giving discounts of up to 70% starting Feb 22 and running to Mar 26. (Khao Hoon, 24/02/14)
Comment: SSS are being hurt all around for this co
PTT 2013 earnings fell below its Bt100bn mark to end at Bt94.65bn. It booked less profit from its business investments of Bt27.08bn after its refinery and petrochemical businesses were hit hard by negative factors. It will pay a DPS of Bt8.00, XD Mar 6, 2013. (Khao Hoon, 24/02/14)
PTTGC cancels Malaysia venture – The SET-listed PTT Global Chemical Plc (PTTGC), Thailand’s largest petrochemical producer, has decided to cancel its US$200,m petrochemical project in Malaysia due to lower-than expected returns. (Bangkok Post, 24/02/14)
PYLON targets 2014 revenue of Bt1.2bn supported by backlog of Bt1bn. It will continue to bid for new projects this year. Net profit for 2013 was Bt159.07mn, a 146.20% increase YoY. The company will pay a DPS of Bt0.30, XD on Mar 18. (Khao Hoon, 24/02/14)
Thai Airways suffers net loss of Bt13bn — Thai Airways International Plc (THAI) suffered heavy losses of about Bt13bn last year and the airline board of directors yesterday approved the resignation of Ampon Kittiampon as chairman. (Bangkok Post, 22/02/14)
Roadshow in Japan, Scandinavia, Singapore. It plans to expand up to 300k of leasable area this year and said it is in the process of negotiating several new contracts. It expects rental and services revenues will grow by 50% this year. (Khao Hoon, 24/02/14)