BTS-GULF-STEC-RATCH (BGSR) consortium wins Bt 40b O&M motorway contract for Bang Pa In-Nakhon Ratchasima & Bang Yai-Kanchanaburi routes.
Comment: And boom! Interesting to see GULF join this consortium in addition to the relationships they have with PTT it looks like their fingers are in every pie
ORI: to open 2 hotels under InterContinental Hotel Group chain in Thonglor & Sriracha from November, target long-stay business travelers and accommodation for investors in EEC area.
Comment: When you look at their numbers you wonder how they are staying afloat in this current real estate market environment
MINT: will book Bt 2.1b gains from disposal of assets in Portugal in 3Q, expects 2H turnaround from lower gearing, improves hotel operation on seasonal and recovery SSSG from QSR unit, maintaining 10% full year revenue growth target.
Comment: Great hotel business, big q marks on the food business
THAI: senior executives asked to take voluntarily pay cut as part of costs saving measures to survive financial crisis
Comment: Cut corruption and you’ll save 30% of costs…it really isn’t that difficult…get rid of the freebies given to all military/government personnel you’ll probably save another 10-20%
VGI: Kerry express TH reached 2m parcels delivery/day in August, upbeat outlook from growing popularity of e-commerce business.
Comment: Everyone is waiting for the IPO of Kerry