Thailand FDI falls — The BoI says that FDI for the first half of the year dropped to Bt450-550bn due to the slowdown in the economy and exports. In the first seven months, applications have lowered by 15%; Japanese investors were still the number one investors. (Krungthep Turakij, 26/08/13) Tax revenue may miss target as […]
Read More →“There are loads of opportunities out there in the rural area that we urban dwellers cannot imagine,” chief executive Boonyong Tansakul says as he discusses how Singer Thailand Plc (SINGER) is preparing to leap forward. Initially renowned for its sewing machines, the SET-listed Singer has successfully transformed itself into one of the most trusted brands […]
Read More →ANAN -JV with Japanese developer — ANAN has announced that will be setting up a joint venture with a Japanese developer, Mitusui Fudosan Residential Company, “Ananda MF Asia Co., Ltd” with an investment budget of more than Bt1.8bn. The first project, “Ideo Q Rama 4”, a condominium project worth Bt6.5bn near the Sam Yan MRT […]
Read More →BCP Investing to raise biodiesel output — BCP said it is will invest Bt1.3bn to increase its biodiesel production from 360,000 liters/day to 810,000 by 2015. (Khao Hoon, 29/08/13) EA EA expects growth in biodiesel-solar business this year — EA will begin selling electricity from its solar farm in Nakhon Sawan, total of 90MW, […]
Read More →CHO CHO’s backlog reaches Bt550mn — Management said it will book revenues of Bt200mn in 3Q13 and Bt300mn in 4Q13, helping drive its revenue growth to reach its target of 20% this year. (Khao Hoon, 28/08/13) HMPRO HMPRO setting up property fund — HMPRO is to set up a property fund worth no less than […]
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 […]
Read More →Well I think that the chart speaks for itself here, basic finance is that if the “risk free rate” increases then discount rate increase then valuations decrease..zzz..financial theory I know. But its true. Source: Bloomberg
Read More →Notable transactions There were quite a number of transactions on the buy side by owners/management in the past week, but not heavy in terms of the value bought Buy(s) THB 132mn BGH – This star performing has lost some steam in the past few months as its growth begins to level off NMG – Vice […]
Read More →The SET dropped sharply -7.5% last week with telcos and prop causing most of the damage, and for the market is finally negative again ytd, politics has remained benign but continued over evidence of Thailand’s slowing growth and the increase in yields in the US have resulted in mass selling across the region. […]
Read More →BJC Sets up Lao subsidiary — BJC said that the company has set up a new subsidiary in Laos named BJC-MPM (Laos) Sole Company Limited, registered on August 14th with capital of Bt103.53mn, to provide consulting service on trading and investment in Laos. BJC-Mpoint International Company Limited, a 51% owned subsidiary of BJC, holds 100% […]
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