Updates
BCP BCP aims at EBITDA of Bt25bn in 2020, brought by a focus on projects with 15% IRR. It expects 2014 EBITDA of over Bt10bn, supported by solar farms. (Khao Hoon, 27/2/14) Bangchak to issue up to Bt8bn in bonds — BCP will issue Bt50-8bn worth of debentures in the second quarter of the year […]
Read More →So despite all this political rubbish, foreign investors selling the market, local investors have buying LTF’s taking advantage of the weakened equity market. The numbers are: Local investors have a net buy THB 1.18 bn in LTF’s this year Typically in the past 3 years of Jan-Mar, net sales of LTFs were THB 3 bn in […]
Read More →BJCHI DPS Bt2.40; XD May 5, on net profit of Bt1.21bn, a 52.16% increase YoY. It expects no less than 15% revenue growth this year, booking Bt1.7bn from its current backlog of Bt2.3bn. It will soon bid for projects in Australia and South America and get results on its Brazil bid. (Khao Hoon, 26/02/14) Comment: […]
Read More →BJCHI Roadshow end-Feb — BJCHI is preparing for a roadshow for big local institutional investors on 27-28 February 2014, after they expressed interest in its overseas business. It expects to get a project of Bt2bn in Australia. Its current backlog is Bt5bn with gross margin of 40%. It will pay a DPS of Bt2.2. (Khao […]
Read More →So we wake up this morning only to read about deaths from attacks at rally sites in Trat and Rajadamri/Ratchaprasong. Sad, stupid, pathetic [insert your own adjective] Thailand. Our eyes now turn to Feb 27th which will have the ruling on the THB 2 trn bill and Yingluck answering charges on the rice pledging scheme (if she […]
Read More →Notable Transactions Buy(s) THB 7.7 mn n/a Sell(s) THB 156 mn ITD -Â A total of THB 145 mn sold off by management owners, interestingly NWR and SRICHA (both construction related firms) also had management sells
Read More →ADVANC TOT eyes new revenue from AIS pact – TOT Plc expects to earn revenue of at least Bt800mn a year from its network rental service once the state telecom enters a partnership with mobile leader Advanced Info Service (AIS). TOT chief executive Yongyuth Wattanasin said a one-year memorandum of understanding between the two parties […]
Read More →Thailand Taxes miss target during slowdown — Tax collection fell 3.8% short of target in the first four months of FY2014 due mainly to the tepid economy and effects from the political turbulence, says a Finance Ministry source. The ministry’s revenue figure is a fresh clue that the economy is faltering. (Bangkok Post, 14/02/14) Ministry […]
Read More →ADVANC PDRC targets AIS in anti-Shinawatra bid- The People’s Democratic Reform Committee (PDRC) kicked off its campaign yesterday targeting businesses believed to be owned by the Shinawatra family. PDRC leader Suthep Thaugsuban announced at a Silom Road rally it was necessary to “destroy” the Shinawatras’ funding sources and the group targeted Advanced Info Service (AIS), […]
Read More →AAV Political turbulence delays Thai AirAsia X inaugural flight –Thai AirAsia X, the country’s first medium- and long-haul low-cost carrier, has delayed the launch of its inaugural flight from the current quarter to later this year, because the skies are not clear enough due to the ongoing political tension. (The Nation, 20/02/2014) Comments: The entire […]
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