Updates
Thailand SRT may swap land for debt – The State Enterprises Policy Commission or superboard has endorsed the state agency reform framework including a proposal to swap certain land ownership rights of the loss-ridden State Railway of Thailand (SRT). (Bangkok Post, 27/1/15) BoI hails surge in new projects – Investment projects approved last year by […]
Read More →Given that I’ve had such a busy month/week, all posts for this week will be summarised into a few posts
Read More →Notable Transactions Buy(s) THB 39 mn N/A Sell(s) THB 130 mn PRINC – A backdoor listing in 2013, the owner now sells shares after reaping 100-200% returns. Apparently the company is supposed to be doing property. XO – A recent listing, the MD sells off a couple % on total shares.
Read More →Thailand Corruption at lowest level in 5 years : survey – The corruption situation index improved to 49 points last month from 46 in June. Perceived corruption has hit the lowest level in five years, thanks to greater awareness of the problem and scrutiny by society, according to a survey by the university and the […]
Read More →AI AI confident that net profit this year will grow by 200% driven by strong performance from subsidiary AIE and AI’s earlier investments that are expected to help lower costs by 20%. Revenue this year is expected to hit its target of Bt9bn. (Kao Hoon, 23/01/15) Comment: These are impressive numbers come out of AI, […]
Read More →AOT AoT board approves Bt48bn for airport revamp projects – The Airports of Thailand’s (AoT) board has approved a Bt47.9bn budget to build a new terminal and a new runway at Suvarnabhumi airport to ease congestion. (Kao Hoon, 22/01/15) Comment: AOT’s latest passenger numbers have come out and Bangkok is performing horribly while the rest […]
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 →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!
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