CENTEL 2Q13 good — CENTEL said that earnings for 2Q13 were good, benefited by the higher average occupancy rate of 75%. It plans to add 3-4 hotels to its management portfolio in China and expects the deals to be concluded by the end of this year. Its food business is also enjoying steady growth, and […]
Read More →CENTEL Food, hotels getting equal slice of Centel’s Bt24bn pie — CENTEL has earmarked Bt24bn to expand its hotel and food businesses through next year. Of the total, half will be spent this year and the other half next. The investment budget has been evenly allocated to hotels and food at 50:50. It plans seven […]
Read More →CENTEL CENTEL looking at great 1Q13 — CENTEL expects strong 1Q13 results driven by a high occupancy rate of 80% in this, the high season for Thai tourism. It says that it will sign a management contract with a hotel in Pang-Nga. (Than Hoon) Comment: The company and stock has performed well, however such performance […]
Read More →CENTEL May be setting up REIT — CENTEL announced that it is in the process of studying to set up a property fund under REIT and is negotiating with domestic banks and foreign banks. It expects record breaking revenues in 1Q13, as revenue in the first two months for hotel and food and beverages has […]
Read More →Ok given that I do receive a silly amount of emails in the every morning regarding which Thai stocks have news accouncments we’ve decided here to compile and simply list it out b/c the majority of the news announcments are in the Thai papers. We’ll keep this going for as long as we feel its […]
Read More →This long weekend I’m fairly certain every analyst covering Thai equities will have to update their models and what not, I know my team and I certainly are. A flurry of earnings were released today and the last day for earnings announcements are next Wednesday 15th August. I’ve noticed some basic trends thus far but don’t quote me on it […]
Read More →