IRPC IRPC expects to return to profitability this year – Despite adverse impacts from the weak baht, IRPC expects to reap some profits this year as opposed to the loss it incurred last year, thanks to improved oil-refining rates amid an improving global economic situation and the rise of crude-oil prices, coupled with some expansion […]
Read More →BBL preps for Japan turf war – The acquisition by the Bank of TokyoMitsubishi UFJ (BTMU) of a stake in Bank of Ayudhya (BAY) is persuading Bangkok Bank (BBL) to prepare for stronger competition in the Japanese corporate banking business segment. (Bangkok Post, 23/07/13) Comment: Watching the changes in the banking landscape here in Thailand […]
Read More →GRAMMY GMM Grammy issues new shares ahead of license bid – In preparation for its bid to secure digital terrestrial TV licenses, entertainment giant GMM Grammy yesterday issued 106,052,989 new ordinary shares at par value of Bt1 each, to be offered to existing shareholders at a ratio of one new share per five existing ordinary […]
Read More →ITD and LOXLEY: Likely to win water projects. The government is expected to announce the winners of the Bt350b water management contracts by end of this month. According to the press report, ITD Group (ITD Power China) may win its bid for five modules worth Bt110b. LOXLEY consortium will likely win one module worth Bt4b. […]
Read More →ARROW Revenues to grow 30% this year — ARROW targets revenue growth of 30%, touching Bt1bn, this year and will maintain its net profit margin at 10-12%. The company will focus on cost reductions, increase its exports by 15-20% and also increase its capacity to support the upcoming AEC. This quarter, it also expects to […]
Read More →HMPRO 17th Expo coming — HMPRO will host its 17th Homepro Expo and invest Bt120mn in the event, while also bringing in 300 partners and offering discounts of up to 80%. The company expects sales of over Bt650 from the event. (ASTV Manager, 06/03/13) ITD ITD gets Purple Line #6 — ITD has won the […]
Read More →ADVANC Advanced Info Service: Planning 3-year capex of Bt70bn— Advanced Info Service PCL (ADVANC.TH), Thailand’s largest mobile phone service provider by subscribers, is planning a three-year capital expenditure of Bt70bn (US$2.35bn), mainly to expand its third-generation service on the 2.1 gigahertz spectrum. The company expects service revenue to grow by 6%-8% this year, driven by […]
Read More →AP AP aiming at 15% YoY growth in revenues — AP aims for revenue growth of Bt20-21bn, a 15% increase from last year’s Bt17bn. It targets sales of Bt23-25bn, a 15-20% increase from last year, which will help raise its current backlog of more than Bt27bn. The company expects to launch 23 projects, worth Bt24bn […]
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 →AOT – Passenger numbers grow 12% in 2012 — AOT reports that the number of passengers in 2012 have grew 12% to 74mn, with the number of international passengers increasing to 46mn, pushing the number of flights to 490,000. (Khao Hoon, 07/01/13) Comment: Tourism tourism tourism, AOT always had been a cheap stock, if only […]
Read More →