AOT No infrastructure fund — AOT denies the rumor that it is going to set up an infrastructure fund. It says that AOT’s financials are sound with cash on hand of Bt40bn and profit of Bt11bn annually. Revenue this year is expected to grow by 10% and earnings for 1Q14 will hit Bt3.3bn. (Khao Hoon, […]
Read More →BAY Expects merger with MUFG to strengthen — BAY expects to be stronger after merging with MUFG, bulked up by that entity’s loan and deposit portfolios. Net profit in 4Q13 is expected to touch Bt4.09bn, a 7.8% YoY increase, supported by the booking of gains from expiration of Vayupak. (Khao Hoon, 24/12/13) BAY out of […]
Read More →BAFS 10% growth in fuel sales in November — BAFS reports fuel sales of 435mn liters in November, up 10% YoY. 11M13 sales increased to 4.49bn liters due to more flights. (Khao Hoon, 9/12/13) Comment: This company can essentially be seen as a bond that grows with the increased traffic at the Bangkok Airports ECF […]
Read More →CK BMCL in the black in two years — CK guarantees that BMCL will be profitable in two years. It also announced that it will buy any shares remaining from BMCL’s capital increase after rights offering. 3Q13 profit was Bt937mn, a 945% increase YoY, while 9M13 grew strongly from a loss thanks to share of […]
Read More →BMCL Capital raise okayed by shareholders — Shareholders have given approval for BMCL to raise capital by Bt8.55bn and change its rights offering from 5.9:1 (existing: new shares) to 1.39:1 share. Management says that the recapitalization will help strengthen the firm’s financial position by saving Bt640m on interest expense per year. (Khao Hoon, 12/11/13) Comment: […]
Read More →AOT AoT plans to increase airport taxes next year to cut its losses – The board of Airports of Thailand Plc (AoT) plans to raise its passenger service charge from 100 baht to 200 baht for passengers on domestic flights and from 700 to 800 baht for passengers on international flights to cut its losses. […]
Read More →Forth Revenue down on slow hard disk drive market — FORTH says its revenue will fall from last year’s Bt5.9bn to Bt5bn this year due to the slowdown in the hard disk drive market. However, it is confident that net profit will increase to Bt250mn from Bt93mn. (Khao Hoon, 15/10/13) Comment: Thailand has been the […]
Read More →BANPU/RATCH RATCH in talks over Bt40bn coal plant — Ratchaburi Electricity Generating Holding Plc (RATCH) is in talks with ASEAN’s leading coal miner Banpu Plc to develop a Bt40bn coal-fired power plant in Indonesia (700MW) as part of its strategy to maintain business growth. The new possibility in Indonesia is now undergoing a feasibility study […]
Read More →JUTHA Board approves capital increase — JUTHA’s board has approved a capital increase of 49mn shares, priced at Bt4.50/share; 22.45mn will be privately placed (PP). (Khao Hoon, 16/09/13) Comment: Looking to buy more ships? LPN GFP raises LPN holding — The Government Pension Fund (GPF) has increased its holding in LPN by 10mn shares to […]
Read More →ERW Confident of meeting target growth — ERW is confident that revenues this year will reach its target growth of 15% as the business moves into high season in the second half. Profits grew strongly in 2Q13 after booking extraordinary gains on sale of assets to ERWPF fund. The company is also ready to expand […]
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