Updates
BTS BTS confirms a joint ticketing system cost of Bt399mn. Thailand Transport Portal will negotiate to increase quality instead. It expects no problem after it explains the structure to the group protesting. (Kao Hoon, 28/07/14) CHOW CHOW sees bright outlook for 3Q14 as steel price continues to recover, supported by more demand. Its power plant […]
Read More →Thailand Don’t delay reforms, says Moody’s – Deep political polarisation since 2006 is adding to structural challenges to Thailand’s competitiveness, and reform delays could eventually lower the sovereign credit profile, which has largely remained immune to the country’s political disturbances, warns Moody’s Investors Service. (Bangkok Post, 25/07/14) Household debt surges 16% in June, survey finds […]
Read More →CENTEL CENTEL maintain revenue target this year of Bt19bn, growth of 8-9% from last year. It is confident that occupancy rates in the second half will be better due to seasonality. It also expects to sign management contracts for 4-5 more hotels this year and invest Bt600mn to develop a hotel in Samui and Pattaya. […]
Read More →BJCHI BJCHI waiting for bid results for work in Brazil and Australia worth Bt5.5bn. It is confident that it will receive the new work and that revenue this year will hit Bt4.5bn, supported by backlog of Bt4.4bn with Bt3.8bn to be booked this year. It said it will post Bt1.3bn in revenue in 3Q14. (Kao […]
Read More →CPF CPF plans to expand into food business in Australia. CPF targets 500 chain restaurant branches, and also looks to sell its ready made meals, which it believes has strong potential. The management estimates CAPEX in the range of AU$200mn spread over five years. (Kao Hoon, 23/07/14) Comment: CPF is continuing on their mission to […]
Read More →ADVANC ADVANC will invest Bt800mn into its Serenade clients by launching the “Serenade Emerald†privilege club. It expects this to help push its customer base to 2.3mn by the end of this year. (Kao Hoon, 22/007/14) AJD AJD to benefit from digital TV coupons, expected to be distributed by September 15th. Management expects set-top box […]
Read More →Fund inflows have continued to buoy the SET with banks leading the charge and telco’s taking a breather because of the NCPO’s decision to delay 4G bids for another year. Is there anything happening this week? Well big news for contractors as the draft for the infrastructure bill will be submitted tomorrow.
Read More →AYUD AYUD hunting for acquisitions – Investment company Sri Ayudhya Capital (AYUD) continues to  look for acquisition opportunities as it believes the coming insurance liberalization will force small insurers to seek strategic partners to reduce operating costs. (The Nation, 21/07/14) Comment: The insurance industry has been growing very well in the past decade and AYUD has […]
Read More →Notable Transactions Buy(s) THB 59mn PPS – Close to THB 40 mn bought the directors, could this engineering company benefit from upcoming government spending? Sell(s) THB 65 mn TPIPL – It’s upcoming capacity expansion (over the next 2 years) has led to the price increasing some 20-30% this year.
Read More →Thailand State enterprise incentives on the table — NCPO and the Super Board will seek to revamp the incentive system for state enterprises this week. (Post Today, 12/07/14) Trade promotions — The Department of International Trade Promotion will set a special team to promote trade in five key regions: ASEAN, China, South America, MENA, and […]
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