- Thaicom urges govt to weigh impact of extra fees – THE GOVERNMENT should consider the impact on Thaicom if it slaps additional conditions or more regulatory fees on two of the company’s satellites, chief executive officer Paiboon Panuwattanawong said in a statement released yesterday. (The Nation, 22/6/16)
- Thai airlines spared from EASA blacklist – Thai-registered airlines have avoided being put on the list of airlines with sub-standard safety practices in the latest audit by the European Aviation Safety Agency (EASA), Transport Minister Arkhom Termpittayapaisith said yesterday. (Bangkok Post, 22/6/16)
- Preserving policy space for risks — The Bank of Thailand’s Monetary Policy Committee (MPC) held off yesterday on monetary easing as widely expected, citing the expected trajectories for economic growth recovery and rising inflation as grounds for its decision. (Bangkok Post,23/6/16)
- Long rainy season to precede big storms — After suffering one year of severe drought from El Nino, Thailand is now bracing itself for La Nina, another weather phenomenon that is expected to bring excessive rainfall. (Bangkok Post, 24/6/16)
- Rice exports to get a boost in the second half of this year — THE COMMERCE Ministry expects rice exports to increase in the latter half of this year and meet this year’s target of 9.5 million tonnes, amid constant demand for the staple. (The Nation, 24/6/16) Continue reading WHTW: Top 10
ABC targets 2016 revenue of Bt2bn. It plans to wipe out retained losses by launching Above Sukhumvit 39 in 3Q16. It plans to launch ABC Pet World in 4Q16 if its board approves on June 29. (Thun Hoon, 24/06/16)
Comment: Anybody else understand the business model of this company?
AGE expects to take part in 36MW PPA and expects to be a winner. Its cash on hand is Bt600mn which it believes will be enough for investment. It expects 2Q16 earnings to be good thanks to cost control. It expects 2016 revenue and net profit to grow, boosted by Bt300mn from its services business. It expects exports to comprise 50%. (Khao Hoon, 24/06/16)
Comment: It’s likely to be a JV should they win a 36 MW PPA
AOT reports passengers of 81mn in the first 8 months of its fiscal year (ending Sep), up 12.43%. Flights rose 10% to 519,140. (Khao Hoon, 24/06/16)
BANPU expects to benefit from higher coal imports in China, which rose 62.2% in May 2016 compared to May 2015. (Thun Hoon, 24/06/16)
Comment: Could this be Thai Airways part 2 in terms of stock price movement?
BBL targets 2016 loan growth of 3-4%. It expects 2Q16 earnings to move with the economy and government stimulus measures. (Khao Hoon, 24/06/16) BIG BIG says it has risen to a 55% market share driven by expansion. It expects the industry to recover. It expects net profit to grow 71% this year and 12% next year. (Thun Hoon, 24/06/16)