BAY deal approved — The Finance Ministry has approved a bid by Japan’s Mitsubishi UFJ Financial Group (MUFG) to buy a 75% stake in Bank of Ayudhya Plc, minister Kittiratt Na Ranong said yesterday. MUFG agreed to buy a controlling stake in BAY for up to ¥560bn (US$5.61bn) as Japanese lenders expand into fast-growing Southeast […]
Read More →Notable Transactions Buy(s) THB 342 mn EARTH – The Chairman and CEO buys a huge amout of shares @ 7.90, some THB 237 mn worth GFM – continuation of the family shifting holdership Sell(s) THB 104 mn CHG – A director sells off THB 22mn shares GFM – See above
Read More →BCP All three solar phases open by year-end — BCP is confident that it will open all three phases of its solar farms by the end of this year, pushing its EBITDA for its electricity business up to Bt2.8bn, with a total capacity of 118MW. The company is currently finding a contractor to develop Phase […]
Read More →ADVANC ADVANC sets 3G capex at Bt2bn — ADVANC has budgeted capex at Bt2bn to improve its 3G service and expects to draw 1–2mn new customers. Experts expect the telco industry in Thailand to grow 7% from the growth in voice and data are. (Tun Hoon, 5/02/13) Comment: Telco sector has been losing its shine […]
Read More →AMANAH- AMANAH to expand its hire-purchase business — The company expects 2013 hire-purchase business will reach Bt5 bn, growing 15%YoY. AMANAH partnered with IBANK to capture Islamic customers. (Tun Hoon, 30/01/13) Comment: Another financing co trying to ride the industry trend. CPN – CPN plans Bt10 bn ‘super mall’ — Central Pattana Plc (CPN), the […]
Read More →EARTH 2012 revenue poised to hit Bt10bn —2012 revenue may reach Bt10bn and it is confident that 2013 will continue to show growth with revenue growth of 40-50% and a gross margin of up to 20%. The coal mine in Myanmar will begin operations in 1Q13. (Khao Hoon, 10/01/13) Comment: Remarkable turnaroud for this company […]
Read More →EARTH Raises capital to buy mine in Indonesia — EARTH increased its capital by 1.47bn shares to acquire a coal mine in Indonesia. The company said the dilution affect is 10% and it is confident that revenues this year will exceed Bt8 bn from 4 million tons of coal sales. It expects revenue growth of […]
Read More →Just a quick fyi before I run out of the office. MSCI announced this morning their update to be used in the calculation of the MSCI Global Standard and Global Small Cap shares that will be effective as of 31 May 2012. MSCI Thailand Index Addition: SCC MSCI Thailand Index for Global Small Cap. Additions: BLA, EARTH, SC, SF Removals: HMPRO, SCCC, MAKRO, TSTH and TUF Source: MSCI
Read More →