ACD restructures subsidiary Boost Plus by selecting a new management and business strategy to meet client needs in this digital age. The company will enter event organizing, IT consulting and E-commerce. It is confident that the new businesses will generate revenue in the future and expects revenue of Bt45mn in 2015. (Kao Hoon, 17/10/14)
Board approves revised plan for Suvarnabhumi expansion plan phase 2 with a budget of Bt61.6bn. Management said the revised plan will help lower costs and the company will not need to borrow, as its financial health is strong with Bt44bn cash on hand. (Kao Hoon, 17/10/14)
Sansiri, BTS to develop property projects – A new joint venture from SET-listed developer Sansiri Plc (SIRI) and BTS Group Holdings Plc, Bangkok’s skytrain operator, plans to develop large-scale residential projects worth more than Bt3bn each, located within 500 metres of mass transit lines. (Bangkok Post, 17/10/14)
Comment: Similar to the statement yesterday, this is great news for BTS, not too bad for SIRI either due to the ability to do more projects without stressing the balance sheet.