ITD/CK/STEC/UNIQ Bidding in e-auction for SRT work — The four lead contractors, ITD, CK, STEC and UNIQ, will move ahead to bid in the e-auction for the dual track railway line Chachoengsao-Klongsipgao after the SRT confirmed that the Tipakorn and China Harbor partnership is legal. The price is expected to be set June 23. (Khao […]
Read More →AJD AJD maintains triple revenue growth in 2014. It is confident it will be in the black in 2Q14 with higher revenue supported by seasonality. It will book revenue from set top box sales in 3Q14 and is aiming to do a joint venture with a Chinese company to access the game market this quarter. […]
Read More →ADVANC AIS to temper revenue view – Advanced Info Service (AIS) says it will revise down its revenue growth target from the previous 6-8% this year because the political stalemate is dragging down economic growth and hurting the mobile sector. But the country’s biggest mobile operator is still expecting positive growth. (Bangkok Post 26/05/14) Comment: […]
Read More →BBL Management says 1Q14 loan growth was slightly negative consistent with the slowing economy. Loan growth is expected to be positive in 2Q14 and 5% in 2014. It expects Thai GDP growth of 3% YoY, supported by exports. (Khao Hoon, 16/4/14) Comment: Every bank will have poor loan growth in the 1Q14, question is how […]
Read More →BAY BAY expects loan growth of 7-9% YoY in 2014 from 13.7% YoY in 2013. It cut its 2014 NPL target to 2.5% after 2.67% in 2013. It says the Japanese hold a 72% stake and the M&A process will be complete in 2014. (Khao Hoon, 10/04/14) Comment: Still decent numbers coming out of Thai […]
Read More →BAY BAY’s assets currently at Bt1tn. It expects loan growth of 9% YoY in 2014, made up of 40% big clients, 38% retail clients and 22% SME clients. (Khao Hoon, 27/03/14) BBL BBL expects loan growth of 5-6% YoY in 2014, if the Thai economy expands 3% YoY, assuming there is a working government. (Khao […]
Read More →AOT AOT says political unrest is pressuring operations. Passengers in Suvarnabhumi fell 9% but passengers at provincial airports increased supporting it operation. Foreign funds request its business plan to decide whether continue to invest or divest. (Khao Hoon, 05/03/14) Comment: So as we’ve commented in the past, Bangkok is hurt yes, but the rest of […]
Read More →BBL Management aims at 2014 loan growth of 5-7% after 9.2% in 2013. It expects all loans to continue to grow. It aims at SME loan growth at 6-8% to take 28% of total loans. (Khao Hoon, 10/2/14) BMCL Targets 20% passenger growth in 2014 — The managing director of BMCL set passenger growth for […]
Read More →Note: Transactions by management displayed are only above THB 20 mn Notable transactions Buy(s) THB 1.8bn BBL – The owner of BBL sees value as he buys more MC – K. Sunee the CEO probably sold shares and bought back during the decline PS – K. Thongma, founder of PS, buys another THB 100 mn […]
Read More →AMATA AMATA land sales for 2013 ended at 1,000 rai. In 2014, it plans to focus more on land sales abroad, especially in Vietnam, to avoid the political turmoil in Thailand. It said that 3-4 customers are already waiting to sign a deal. (Khao Hoon, 06/01/13) Comments: AMATA’s business model is very simple, land sales, […]
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