AAV AAV expects strong recovery this year and targets 14.5mn passengers and double-digit revenue growth. The company said 1Q15 cabin factor will be strong at more than 84%, driven by the influx of Chinese tourists. (Kao Hoon, 24/02/15) New CFO — AAV has informed SET that the Nomination and Remuneration Committee has approved the appointment […]

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AAV Thai AirAsia X to take to the skies in June – Thai AirAsia X, Thailand’s first long-haul low-cost airline, will take to the skies about two months from now despite the tourism market being dragged down by the country’s political turmoil. After putting off the launch previously planned for the first quarter, Thai AirAsia […]

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ANAN Ananda scales back condo advertising – The SET-listed Ananda Development Plc (ANAN) has capped spending on marketing and advertising at 2.5% of sales, down from 4% last year, as the political turmoil looks set to dampen condo-buying sentiment throughout 2014. (Bangkok Post, 11/04/14) Comment: The pullback in advertising has been throughout all of Bangkok, […]

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ADVANC ADVANC reported net profits for 2013 at Bt36.27bn, a 4% increase YoY, supported by growth in revenue from internet services. It will pay a dividend of Bt5.75/share, bringing the year’s dividend to Bt12.15/share. This year, it targets service revenue to grow by 6-8%. (Khao Hoon, 12/02/14) Comment: A 4% Increase isn’t much to brag […]

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AOT Earnings soar 173% YoY in 1QFY13 —AOT posted 1Q FY13 earnings of Bt3.4 bn, growing 173%YoY. Revenue was Bt8.6 bn. AOT is benefiting from the reopening of Don Mueng airport. It also recovered a FX gain of Bt1.3bn. (Khao Hoon, 15/02/13) LPN DPS of Bt0.53 — The LPN board approved a dividend of Bt0.53/share on its […]

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EARTH Raises capital to buy mine in Indonesia — EARTH increased its capital by 1.47bn shares to acquire a coal mine in Indonesia. The company said the dilution affect is 10% and it is confident that revenues this year will exceed Bt8 bn from 4 million tons of coal sales. It expects revenue growth of […]

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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

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