AGE AGE targets revenue growth of 20% YoY in 2014 to Bt6bn and expects sales volume of 4mn tons. Management guides to 1Q14 revenue growth of 50% YoY after expanding to China and India. (Khao Hoon,, 21/3/14) Comment: The issue for AGE is that their margin’s as selling prices of coal have been in a […]
Read More →AGE AGE selects Apisit Rujikiatkumjorn as vice president and he will hold 10mn shares. It is confident that he will support business growth. AGE will pay a stock dividend at the ratio of one new share for 10 existing shares and says it expects to double revenues in 1Q14 YoY, backed by higher orders. (Khao […]
Read More →ADVANC PDRC targets AIS in anti-Shinawatra bid- The People’s Democratic Reform Committee (PDRC) kicked off its campaign yesterday targeting businesses believed to be owned by the Shinawatra family. PDRC leader Suthep Thaugsuban announced at a Silom Road rally it was necessary to “destroy” the Shinawatras’ funding sources and the group targeted Advanced Info Service (AIS), […]
Read More →AGE Subsidiary investing in two power plants —AGE is having subsidiary AGE Power Holdinginvest in two power plants. The first is in Sukhothai with 3 MW. The other is in Phichit with9.9MW. It expects coal sales grow to 4 million tons. (Khao Hoon, 30/1/14) Comment: Now the forecast has increased to 4mil tonnes from 3mil […]
Read More →AGE AGE to invest in a 9MW biomass power plant, a new line for its business. It is confident the biomass plant will bring in revenues of no less than Bt200mn per year. Coal sales for 2014 are to exceed 3mn tons this year, driven by strong demand from clients abroad. (Khao Hoon, 29/01/14) Comment: […]
Read More →AGE boosts coal exports to feed plants in Asia – MAI-listed Asia Green Energy (AGE) aims at 20% growth in coal sales volume next year as it boosts exports to countries building coal-fired power plants. Managing director Panom Kuansataporn said coal sales volume is seen rising to 2.4mn tonnes this year and 3mn tonnes next […]
Read More →AGE Wins coal orders from China — AGE won new coal orders from China of 300,000 tons and this will help push its international sales for the year to more than 1mn tons. Management expects total 2013 coal sales of 2.5mn tons, with revenue of over Bt5bn. (Khao Hoon, 21/10/13) CPALL Bond issue — CPALL […]
Read More →AGE 2013 targets — AGE targets revenue of Bt6bn for 2013 and a profit margin of 15%. The company said there has been an increase in coal orders and better performance in its shipping & logistics business. Moreover, its warehouse in Ayutthaya is back in operations which will help reduce costs. (Khao Hoon, 18/02/13) Comment: […]
Read More →AGE New coal mine ready to start up — AGE is ready to start operations of its coal mine in Tambon Nadee in Samutsakorn province and revenues are expected to be recognized immediately in the first quarter. The company is confident that revenues this year will reach Bt6bn from last year’s Bt4bn. (Khao Hoon, 03/01/13) […]
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