So last night True released the following “With reference to the re-auction of Spectrum Licensing for International Mobile Telecommunications (IMT) in the Frequency Band of 900MHz to be held by the National Broadcasting and Telecommunications Commission on 27th May 2016, True Corporation Public Company Limited (the “Company”) would like to notify that the Board of Directors Meeting No. […]

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ALT ALT will hold a roadshow in five provinces. It expects to have an IPO selling 250mn shares in late June and list on the SET in 3Q16. (Kao Hoon, 16/5/16) Comment: The IPO market has been quiet so far this year other than ASN which did well on its first day pop last week […]

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APCO APCO reported profit growth 12.16% in 1Q16 supported by increased sales. It plans to expand its business nationwide. It targets revenue growth of no less than 10% in 2016. (Thun Hoon, 12/5/16) Comment: They have yet to be able to reach the heights that everyone was expecting 2 years ago   BEAUTY BEAUTY reported […]

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BAY BAY expects auto loans to grow 3% to Bt262bn despite a slowdown in new loans. It is looking for a partner to expand into loans for used cars. (Thun Hoon, 27/04/16) Comment: I can see BAY actually taking away market share from TCAP in this.  BJCHI BJCHI will pay dividend of Bt0.5/share, payment on […]

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The last 3 weeks have been rather busy with traveling for both personal and work related activities, and yet really nothing happened much in the world, central banks were quiet, perhaps there was some temporary noise out of doha re oil prices but things have been relatively calm so to speak. First quarter numbers have […]

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AJD AJD targets top-up machines of 50,000 at the end of this year after yesterday reaching 10,000 machines. It plans to offer more services via its top-up machines in 2H16, such as ordering merchandise from the 7-Eleven catalog, insurance payments, etc. (Khao Hoon, 20/14/16) Comment: We still have our doubts on their ability to execute, […]

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BANPU BANPU expects Hong-Sa power plant to generate US$100-200mn/year, 40% of which it will book. It has budgeted US$554mn for its five-year investment plan. It expects capacity to reach 4,300MW by 2025. It expects coal sales to reach 43.1mn tons this year. (Khao Hoon, 04/04/16) Comment: We are still wondering how they are going to […]

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ACC ACC’s shareholders have approved 300mn share capital increase, at par Bt0.25 with warrant at a ratio of 4:1 and an exercise price of Bt1.25. It will use the funds for business expansion. It expects 2016 revenue to turn around on the back of alternative energy and property business. Its power plant business has already […]

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BJC Foreign banks help BJC fund US$6.2bn Big C buy – Berli Jucker Plc (BJC) has tapped foreign banks including BNP Paribas as well as domestic lenders to raise US$6.2 billion for its acquisition of Big C Supercenter Plc, putting it on track to successfully meet a March 31 financing deadline. (Bangkok Post, 4/3/16) Comment: […]

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BAY BAY targets loan growth of 7% mainly corporate loans in Thailand and Japan. It expects revenue from fees to grow, offsetting lower NIM. It expects NPLs in 2016 of not over 2.5% and plans to sell Bt2-3bn in NPLs. It plans to issue a debenture worth no less than Bt10bn to bring Tier 2 […]

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