Just announced this evening, BMCL and BECL will be merging. The basic deal structure is as follows: 1 existing share in the Company to 0.42050530 shares in MergedCo 1 existing share in BECL to 8.65537841 shares in MergedCo The deal is expected to be completed by 3Q15 My quick thoughts: Great move by CK, BECL […]
Read More →I’ve been reading Barry Ritholtz’s writings for the past 7 years and have always enjoyed his insights, this latest post in The Washington Post struck a chord for me. After being in the industry for 10 years, the first 6 years I was spewing forecasts left right and center (like every new dumb kid in […]
Read More →AKR Solar license soon — AKR’s management said that the state should decide on the licensing of the total 800MW of solar license sometime in February-March. It expects to receive license for 20-30MW, which should help profit. (Thun Hoon, 21/01/15) AMATA AMATA sees good 2015 ahead as it expects to book Bt4bn in revenue from […]
Read More →The facts: In 2014 Thailand exported 10.8 million tonnes of rice, an increase of +63.6% from 2013 Global rice trade is expected to hit 41.9 mn tonnes this year (last year was 41.88 mn) World’s rice consumption is 483 mn tonnes Questions from this Can you imagine how poorly the previous government managed the rice […]
Read More →CRANE CRANE expects revenue growth of no less than 20% in 2015 supported by the good outlook for the crane market brought by the planned mega projects, raising demand for cranes. It plans to invest Bt100mn to buy a new crane with a total capacity of 600 tons. It will receive two 250-ton cranes sometime […]
Read More →AOT New entity for duty-free – perhaps. The Minister of Transportation met with management of Korea’s Lotte, which wants to run a duty free business at Thailand’s airports and in towns. The Thai government is promoting fair competition in the duty-free business, but has to study conditions with King Power Duty Co., who has the […]
Read More →The only thing on people’s minds this week appears to be europe europe europe, a potential QE4 from there and people talking about the ramifications of the recent super strengthening in the Swiss franc, fun times!
Read More →Notable Transactions Buy(s) THB 48 mn N/A Sell(s) THB 329 mn AJD – A director sells off a THB 26 mn stake in this overly speculated name ITD – Does this director not believe in ITD’s long term future? Sells THB 88 mn worth of shares TLUXE – This represents around 10% of total shares […]
Read More →Ch. Karnchang Plc was founded in 1972 to engage in the general construction business, focusing initially on civil works for government agencies. Listed on the Stock Exchange of Thailand since August 1995, it has since expanded the scope of its work substantially. Prasert Marittanaporn, senior executive vice-president for administration, discusses the company’s strategy and outlook. […]
Read More →Thailand Public Debt down in November – The PDMO said the country’s public debt came down Bt10.42bn to Bt5.62trn in November. (Thai Post, 10/1/15) Sommai has tax reforms top of agenda – The Finance Ministry will take another year to complete tax reforms that focus on widening the collection base, closing loopholes used to avoid […]
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