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 →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 →ANAN Buying more land for a luxury condo — ANAN is investing Bt1.417bn to acquire a new land plot to develop a luxury condominium project worth Bt6.5bn and expects presales to start in 4Q13 with transfers in 2016. The company said revenues will grow by 100% this year and expects transfers for 2013 to amount […]
Read More →AOT: Expects good earnings. Airports of Thailand (AOT) expects arrivals to grow 19% this year to 85m. The company also expects 2H13 earnings to show strong yoy growth on the back of the absence of forex loss. This is because the company has swapped its yen loan to baht (worth Bt10b). (Source: Khao Hoon) Comment: […]
Read More →BEAUTY Targets 20% YoY growth this year — BEAUTY targets revenues this year to exceed Bt1bn, growing no less than 20% YoY. It plans to invest Bt300mn to expand the number of branches at home and abroad and also open a new brand in 3Q13. (Khao Hoon, 14/03/13) Comment: Saw this company at SET’s Opportunity […]
Read More →