Tag Archives: inox

Stocks in the news (acd, aot, bts, siri, fpi, fmart, inox, jas, mlink, pf, tasco, thai, vih) 17.10.14

ACD
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)

AOT
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)

BTS/SIRI
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.

Continue reading Stocks in the news (acd, aot, bts, siri, fpi, fmart, inox, jas, mlink, pf, tasco, thai, vih) 17.10.14

Management Trades 10.12.12 to 14.12.12

Notable transactions

Buy(s)

  • INOX – This huge transaction by the Mahagitsiri family in INOX is related its initial agreement in Sept ’11 where they had a right to exercise a call option

Sell(s)

  • MFEC – Interesting, the President decides to offload THB 18 mn worth of shares, as a quick side note: the IT industry here in Thailand is, I believe, the only industry that is not dominated by a few companies

121217 mgmttrades

Stocks in the News (BANPU, BTS, INOX, ITD, SINGER, SYMC, TISCO) – 14.12.12

BANPU

May not make provisions for lawsuit — BANPU may not set provisions for lawsuit by Siva after the Laos government found that BANPU has the right to terminate the contract with Mr. Siva. Management expects this case to take years before a decision is made. (Khao Hoon, 14/12/12)

BTS

BTS plans US$1.5bn IPO for infrastructure fund — Thailand’s sole elevated-railway operator, BTS Group Holdings PCL, aims to raise at least US$1.5bn next year through an initial public offering of an infrastructure fund, a deal that would ranks as the country’s largest-ever IPO. “We are aiming to launch the IPO in February,” BTS Group investor relations official Chama Savetbodi said. (The Wall Street Journal, 14/12/12)

Comment: infrastructure fund plays all around, wouldn’t be shocked to see BTS hit 8 baht.

Continue reading Stocks in the News (BANPU, BTS, INOX, ITD, SINGER, SYMC, TISCO) – 14.12.12