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 →And its all done! Preah Vihear belongs to Cambodia as everyone had expected, the Senate kicked out the Amnesty Bill with a 140-0 vote. What else are they going to stay on the streets for now? To kick the government out and have a snap election? Please democrats you’re still going to lose. Red shirts […]
Read More →AAV 3Q13 profit Bt290mn — AAV reports 3Q13 profit of over Bt290mn, +59% growth QoQ. This is due to a 30% increase in cabin factor, raising revenue to over Bt5bn revenue. 9M13 net profit is at Bt1.5bn, 70% growth YoY. (Khao Hoon, 11/11/13) Comment: As long as they stay away from buying planes then ok […]
Read More →Notable Transactions Buy(s) THB 443 mn BGH – Founder still continues to buy shares in his co, another THB 139mn BNC – No name posted here, but THB 49mn isn’t anything to scoff at. GRAMMY – Another THB 72 mn bought by the founder SVI – K. Poe is transferring more shares to his name, […]
Read More →BTS Group Holdings Plc (BTS) and TMB Bank (TMB) will be added as components of MSCI Global Standard Indices. The 15 new stocks on the MSCI Global Small Cap Indices are Asia Plus Securities Plc (ASP), Chularat Hospital Plc (CHG), CK Power Plc (CKP), Country Group Development Plc (CGD), Diamond Building Products (DRT), DSG International […]
Read More →@10 AM The senate meets! Either they will accept the bill or chuck it out the window and then we have @4pm the Preah Vihear dispute and then we have a 6PM deadline set the Democrat’s rally for the the government to annul the amnesty bill. In the meantime more anti-amnesty and anti-gov folks will […]
Read More →Politics – This is the first time I’ve seen so many white collar folks actually join in protests, Mr. T your respect is waning rather quickly, perhaps he should be less dictatorial in pushing things through parliament Politics – CP Group had been telling their staff to take the day off and to go and […]
Read More →Forbes has been busy this week on talking about Thailand, with articles covering both the politics and the “bubbles” forming within the country and the market. My thoughts on the two..well politics, I’ve commented almost daily on this and essentially my viewpoint is that Mr. T is pushing his luck, I haven’t seen so many […]
Read More →Pace Development Corporation Plc, which listed on the Stock Exchange of Thailand in August this year, is a high-end property developer in Thailand that has been setting many of the trends and standards for the segment. Chief executive Sorapoj Techakraisri discussed the company’s strategy and outlook. Sorapoj: Striving for unique developments What is Pace’s business […]
Read More →Thailand MoF warns: protests may slow GDP growth — The MoF warns that anti-government protests might lead to a slowdown in 4Q13 GDP, as Thailand may miss capitalizing on the traditional high season for tourism by tarnishing its public image of the country. (Khao Sod, 05/11/13) Rice deal concluded says spokesman — The government spokesman […]
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