AOT 20% growth in September passengers — AOT announced that passengers in Sept grew by 20.43%, with number of passengers in Suvarnabhumi airport exceeding 50mn. (Tun Hoon, 07/10/13) Comment: Thailand is still attracting tourists at a fast growing pace BMCL BMCL board okays recapitalization plan – The board of Bangkok Metro Plc (BMCL) has approved […]
Read More →So the essentials of the deal are as follows: CPALL agreed with MAKRO’s major shareholder, SHV Nederland B.V., to acquire its 64.35% (154.4m shares) in Makro @ THB 787/share. Funding is 90% debt financing, 10% internal CF, no equity capital call. Purchase price of MAKRO is @ 42.9x of 2013F (as per analyst’s estimates) Debt […]
Read More →MAKRO SET to probe Siam Makro trades —The SET will investigate trading that preceded the announcement of the country’s largest takeover bid, the purchase of discount wholesaler Siam Makro Plc (MAKRO) by 7-Eleven chain operator CP All Plc (CPALL). Siam Makro’s shares rose 30% in the six trading sessions before CP All’s US$6.6bn bid was […]
Read More →BBL BBL gets into auto lending with specific loans for first car buyers — Even though Bangkok Bank is not ready to enter the hire-purchase (lease-to-own) business, it has developed a product called Bualuang Poonphol for First Car to help it become more familiar with the car-loan market. “We are learning about the auto-loan market […]
Read More →Just out last night, see below for a quick summary MSCI Global Standard Indices # of Thai Additions: 4 Companies: Airports of Thailand (AOT) Bangkok Dusit Medical Services (BGH) Central Pattana (CPN) Siam Makro (MAKRO) MSCI Global Small Cap Indices # of thai co’s in/out: 9/(5) Companies: +Bangkok Aviation Fuel Services (BAFS) +Golden land (GOLD) […]
Read More →The cabinet decided on Tuesday to keep value-added-tax (VAT)at seven per cent for the next two years, deferring the Finance Ministry’s proposed hike to nine per cent, and approved a four-point rehabilitation plan proposed by the National Economic and Social Development Board. I’m happy to see this happen for selfish reasons, in that the price […]
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 →