Issuing bonds — BGH will issue unspecified currency convertible bond worth no more than Bt10bn with a tenure of ~5 years. The company will use the cash to fund investments. (SET, 19/06/14)
Comment: Why?! They are net cash, why would the company bother to do this, wouldn’t a normal bank loan be cheaper? Nuts someone go slap the CFO
CGD is confident of profit in 2014, backed by sharp revenue growth from booking phase 1 and 2 of Element Condo at Srinakarin and the setup of an REIT worth Bt1.4bn in late 3Q14. It recently began to construct the Land Mark project. (Khao Hoon, 19/06/14)
Comment: CGD is going to become popular in the news, announcements of their new massive project, booking revenues from their massive project in Srinakarin and now a REIT (but with what?) towards the end the year.
CIMBT keen on transfer – CIMB Thai Bank (CIMBT) aims to annually double its transactions and fee-based income from its international money transfer service, SpeedSend, over the next few years. This is because of expected growing remittance demand with the launch of the ASEAN Economic Community in late 2015. (Bangkok Post, 19/06/14)