Updates
AMATA New contracts to boost 4Q13 land sales — AMATA expects land sales in 4Q13 to surge, boosted by new contract signing. Currently, the company has 2,000 rai land ready to be transferred, and it is keeping its year end target land sales of 3,000 rai. It said it aims to invest in an industrial […]
Read More →What has happened thus far? Well as a positive the Senate had passed through the THB 2 trn borrowing bill however the Democrats and a group of 66 lawmakers filed a case to the constitutional court to invalidate the bill as they believe the loan bill contravenes Section 169 of the constitution as it would […]
Read More →Thailand Foreign institutes worry about rice support — Knowledge Network Institute of Thailand Policy Research Institute (KNIT) says that since the IMF has raised questions about the government rice subsidies scheme, several foreign institutes have asked KNIT to release some of its statistics on the matter, saying that the rich subsidies scheme is one of […]
Read More →BMCL Still no SRT decision on capital increase — The State Railway of Thailand has hired outside consultant to study BMCL’s need for additional capital. The report will be completed by November 29, after which SRT will make its decision. (Khao Hoon, 22/11/13) Comment: It will still most likely go through, SRT can’t risk BMCL […]
Read More →CPN 23rd Central Festival open in December — CPN will open its 23rd Central Festival shopping mall in Had Yai on December 14. It has invested over Bt7.2bn in the project. The construction is currently at 95% completion. (Khao Hoon, 21/11/13) HMPRO HMPRO to expand aggressively in the last 2 months. HMPRO will open its […]
Read More →ADVANC Cuts revenue target — ADVANC has lowered its revenue target for the year to 5-6% from 6-8% as it expects the slowdown in the economy to continue affecting earnings from 3Q13 through to 4Q13. (Khao Hoon, 20/11/13) Comment: And it looks like it will be the same story next year, management isn’t really open […]
Read More →The most interesting development over the past month has been the decline in telco’s once the darling for the market it now no longer appears to be the case, and also the recovery of the food sector Â
Read More →Notable Transactions Buy(s) THB 231 mn BGH – Founder buys yet another THB 216 mn worth shares Sell(s) THB 17.7 mn n/a
Read More →AGE boosts coal exports to feed plants in Asia – MAI-listed Asia Green Energy (AGE) aims at 20% growth in coal sales volume next year as it boosts exports to countries building coal-fired power plants. Managing director Panom Kuansataporn said coal sales volume is seen rising to 2.4mn tonnes this year and 3mn tonnes next […]
Read More →AIT To ask shareholders to approve capital increase — AIT will hold a shareholder’s meeting on Nov 18 to obtain approval for a capital increase of 137.55 million shares at 1:2 shares (old:new) at a price of Bt5.00/share. (Khao Hoon, 18/11/13) Comment: This is still ongoing now as of writing, we are confused by their […]
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