Updates
Positive(s): US – In the week ending Jan.19, the number of applications for U.S. unemployment benefits in seasonally adjusted initial claims was 330,000, the lowest level since January 2008, the Labor Department said Thursday. The four-week moving average, a better indication of the underlying trend in labor markets, was 351,750, down from the previous week’s […]
Read More →BCH – WMC opening soon — BCH will open its high-end World Medical Centre (WMC) in Chaeng Wattana. The hospital is expected to attract higher premium and international patients. Phase 1 will consist of 150 hospital beds before its grand opening of 324 beds. BCH expects revenues to grow by 25% this year, as it […]
Read More →BMCL - Still negotiating over Purple Line — A BMCL insider revealed that the company discounted the costs for the Purple Line, Bang Yai – Bangsue, down Bt700mn but the MRTA is still not satisfied and wants a discount of Bt1.2bn. The MRTA expects BMCL to make a counteroffer within seven days, but the company believes […]
Read More →AOT – Expects 83mn people to pass through airports this year — AOT expects the number of airport passengers for the six airports under its management to reach 83mn in 2013. This is a 9.2% growth from last year’s 76mn and higher than the 78mn previously estimated. (Khao Hoon, 23/01/13) Comment: Tourism is one massive […]
Read More →DRT – To expand Khon Kaen plant — DRT has set Bt1.5bn as capex to expand its plant in Khon Kaen. This lightweight concrete block plant is expected to generate Bt200-300 mn in 2H13, leading to revenue growth of 10–15% YoY. (Khao Hoon, 22/01/13) Comment: Despite the constant negative news regarding its asbesto use the […]
Read More →Market finished strongly at the end of the last week with continued strong fund foreign fund flows, this combined with China’s massive numbers, the BOJ aiming to boost inflation to 2% and Thailand’s 3Q12 GDP number’s coming out strongly all helped. Â Â Â Â Â
Read More →KTB – FIDF still looking to sell part of its stake — The Financial Institutions Development Fund (FIDF) is to sell out 4% of its KTB stake or approximately 447mn shares. The selling price is expected to be 1.5x its book value or Bt19.20. The proceeds will be used to clear off the FIDF 1 […]
Read More →Notable Transactions: Buy(s):Â THB 100 mn AH – The Chairman/CEO decides to acquire some shares, AH has been a massive underperformer versus SAT, this was as a result from the past issues with it bought KPN Auto back in 07/08 BANPU – Major shareholder decides to accumulate more shares BGH – This stock price continues […]
Read More →Positives US: U.S. claims for jobless benefits plummeted to 335,000 last week, the lowest since January 2008, from 372,000 in the prior week, the Labor Department said Thursday. The weekly number was much lower than economists had expected. Meanwhile, U.S. housing starts in December surged 12.1% to a 954,000-unit annual rate, the fastest pace in […]
Read More →ADVANC - Expects to be #1 in 3G — ADVANC states that its four core strengths, “network-equipment-application-serviceâ€, will help it compete in the 3G market. The company is ready to invest Bt13bn in the first phase to expand its network, as it targets to be the number one provider for 3G service. (Khao Hoon, 18/01/13) Comment: […]
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