- Thailand Future Fund to be IPO-filed this year end. The financial advisors are selecting projects to be included in the funds. The 3 possible projects are Motorway #7, Motorway #9 and Rama III-Dao Kanong-Bangkok outer ring road. (Bangkok Biz, 16/9/16)
- Fresh stimulus on the way. The government is poised to launch a fresh round of stimulus measures, targeting agriculture specifically, in an effort to ward off downside risks to economic growth as the recovery sputters along. (Bangkok Post, 22/9/16)
- Sino-Thai railwork set for December. The draft contract for the Sino-Thai highspeed railway should be finalised in October, and the first phase of construction is expected to start in December, says Transport Minister Arkhom Termpittayapaisith. (Bangkok Post, 22/9/16)
- TOT signs six-month deal for AWN trial roaming on 2.1GHz. TOT and Advanced Wireless Network, a subsidiary of Advanced Info Service (AIS), signed a sixmonth contract on Tuesday that will see AWN trial-roaming on the state agency’s 2.1-gigahertz spectrum, said a TOT source. (The Nation, 22/9/16)
- GH Bank asked to put low-income people in homes. DEPUTY Prime Minister Somkid Jatusripitak yesterday asked the Government Housing (GH) Bank to join the Treasury Department, the National Housing Authority and other agencies to find ways for low-income earners and the elderly to own homes. (The Nati on, 23/9/16)
AOT board approved the plan to develop Hat Yai airport. The development will cover a 2year period with a budget of Bt15.1bn. It expects to support 10mn passengers per year by 2030. (Kao Hoon, 23/09/16)
Comment: It’s quite interesting that nothing is ever really spoken about the development of Southern Thailand. If you look at the numbers, Hat Yai is an important part of Thailand’s economic development.
BEAUTY is outstanding, with average profit growth of 36% per year in 2016-2017 due to more branches and distribution channels. (Kao Hoon, 23/09/16)
GEL plans to increase capacity to allow it to handle more jobs, both government and private. It targets increasing the portion of government jobs to 35% from 20% and is confident that 2016 revenue will reach its target of Bt1.8-2bn. It expects 2017 earnings to be good with revenue growth of 15-20%. It plans a JV with a partner to support business. (Thun Hoon, 23/09/16)
GFPT is confident that 3Q16 earnings will be good, supported by high season. It plans to increase capacity to handle more exports to Japan. It expects margin to reach 14% from 12% last year due to cost management and expects 2016 revenue growth of 2-3%. (Thun Hoon, 23/09/16)
Comment: Still the best chicken operator in the country. Question now is what will happen to chicken prices over the next 6-12 months?
GUNKUL targets power plant capacity of 1,000MW in Thailand with 200MW in Japan. It is the first 100% Thai company to be granted loans by large Japanese banks of JPY11.78bn to build a solar power plant with capacity of 38.1MW; COD is expected in 1Q18. (Thun Hoon, 23/09/1 6)