AJP partnering with “MIC Broadcast” to develop 8 satellite channels. AJP said that five of the channels are expected to go on air this year. This will help raise revenue and margins. Revenue is expected to start flowing in 4Q14. It said it is looking for more partnerships. (Kao Hoon, 04/11/14)
APURE gets large five-year OEM from a Japanese customer. The contract is said to be worth billions. Foreign investors offered to buy shares at 2.5x book value or Bt2.50/share. 3Q14 performance is expected to be strong, supported by a surge in orders in July-August. Revenue is expected to grow by 25-30% this year. (Thun Hoon, 04/11/14)
Comment: Doesn’t this just sound a bit ridiculous?
Ch 3 gets ultimatum – The national broadcasting regulator yesterday gave Channel 3 no more than 15 days to map out a strategy for simulcasting its analog programs on the digital platform, or it will be barred from broadcasting via satellite and cable, according to an official. (The Nation, 04/09/14)
Bt6-6.5bn from IMPACT REIT — BLAND management says it will book extraordinary income of Bt6-6.5bn from the sale of IMPACT REIT this year after the REIT units are sold to investors on Sep 8-12 & 14, plus proceeds from the sale of 50 rai in Srinakarin area. It expects the land sale to be concluded within the next 1-2 months and booked as revenue by the end of the year. (Kao Hoon, 04/11/14)
Comment: The REIT will keep BLAND’s share prices strong for the rest of the year, what will BLAND do with its huge amount of cash? Buy more land? Do more projects or pay a massive dividend?