Joining with THCOM to provide service to drilling rigs — ADVANC is joining with THCOM to be the first operator to expand a mobile network to drilling rigs in the Gulf of Thailand, using satellite technology. (Khao Hoon, 16/2/15)
AP condo wins case. AP set to continue construction and sales activities for its Aspire Ngamwongwan condominium project after a court ruled in favor of the project’s environmental impact assessment (EIA) and construction permit. The Central Administrative Court also ordered the Bangkok Metropolitan Administration (BMA) to pay 35,503.42 baht in compensation plus 7.5% interest per year to each of seven plaintiffs living near the construction site. (Bangkok Post, 7/2/2015)
AP plans to open new projects worth Bt30bn to boost its backlog by more than Bt10bn in order to secure revenue until 2016. The company is confident its revenue will increase by 10% this year, reflecting a recovery in property market. (Thun Hoon, 16/2/15)
AOT reported an earnings recovery with a net profit of Bt3.9bn (+3.7%) for FY1Q15 (OctoberDecember, 2014), due to a pickup in the global economy and the end of political unrest to drive passengers by 13% to 25.9mn. (Khao Hoon, 16/2/15)
Comment: Passenger growth is driven mainly by domestic travelers, the #’s for international travelers have yet to recover. The main driver of the stock price in the past 12 months have been news of a potential infrastructure fund.
APCS admits to loss for 2014. It expects recovery in 2015, but is uncertain whether it will return to profit in 2015. The company disclosed that orders from automobile sector have started picking up. Meanwhile, the company denied the rumors that it is a takeover target and has not been in talks with any party. (Khao Hoon, 16/2/15)
BBL targets doubling growth for its business in China from 10% growth last year, focusing on domestic consumption. The bank targets to increase its Chinese client base to 40% in the next three years, ready to support China’s investment expansion abroad, with Thailand as a main target. The bank is seeing a migration of Chinese investment from Vietnam to Thailand due to better logistics. (Krungthep Turakij, 16/2/15)
Comment: If you listen carefully to the CEO, he doesn’t seem to want to expand strongly in Thailand anymore, their focus does appear to be purely overseas business.
Continue reading Stocks in the news (advanc, ap, aot, apcs, bbl, brock, btc, cpall, cfresh, eforl, fsmart, grammy, intuch, jasif, mtls, s11, scc, sf, smpc, tcmc, tse, uniq, vpo) 16.02.15