BAM on target for stock listing in 2014 – Bangkok Commercial Asset Management (BAM), the state-owned debt management firm, confirmed its plan to seek listing on the Thai stock market by mid-2014. President Krit Sesavey said it is waiting for its parent Financial Institution Development Fund (FIDF) to allow it to move forward with its […]
Read More →CPN At CPN, B53.2bn for new Rayong mall – Despite the gloomy global economy, leading local retailers vow to maintain their business plans in order to meet sales projections this year. Central Pattana Plc (CPN) is the most active, intending to use Bt3.2bn to build a new shopping mall in Rayong and capture rising spending […]
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 →AUCT IPO of 110mn shares — Mr. Aekpittaya, CEO of AUCT, said the company will be offering 110mn IPO shares at par value of Bt0.25/share and at an offering price of Bt2.00 on July 31 and August 1- 2. It is expected to be traded on MAI on August 9, 2013. (Khao Hoon, 29/07/13) MCOT […]
Read More →BAFS 30% earnings growth expected — BAFS expects 2013-14 earnings to grow by 30%, supported by an increase in fuel usage in Don Muang and Suvanabhumbi of 5%. It plans to expand its transportation network from Bangpa-In to Lampang, for an investment cost of Bt65bn, and expects conclusion on this by the end of this […]
Read More →AAV: Thai Post link up for speedy EMS. Thai AirAsia, the biggest low-cost carrier, has joined hands with Thailand Post to introduce an EMS [Express Mail Service] super-speed service as part of its plan to strengthen its financial performance. Currently, ticket sales contribute 84% of revenue, while non-ticket sales make up 16% of total. The […]
Read More →AMATA Amata expands industrial estates as Chinese flock in – Amata Corp, Thailand’s major developer and manager of factory estates, is set to expand its industrial zones to cater to Chinese investors, who are expected to set up 300 to 500 plants in its zones in the next five years. (The Nation, 03/07/13) Comment: Well […]
Read More →News flow from companies has quieted down, well its holiday time soon anyways. PTTGC PTTGC nears Indonesia JV — PTTGC has moved closer to jointly setting up a US$5bn petrochemical complex with Indonesia’s national oil conglomerate, PT Pertamina. A deal signed yesterday by the two partners kick-started a feasibility study for the naphtha-based project on […]
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 →BANPU Buyback boosts Banpu share price – The SET-listed Banpu Plc, ASEAN’s leading coal miner, announced a Bt6.15bn share buyback plan yesterday, a move that rallied its share price after its net profit dropped last year on weakening coal prices. (Bangkok Post, 22/02/13) Comment: While good on a ST basis, it doesn’t cloud the fact […]
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