Thai AirAsia X to take to the skies in June – Thai AirAsia X, Thailand’s first long-haul low-cost airline, will take to the skies about two months from now despite the tourism market being dragged down by the country’s political turmoil. After putting off the launch previously planned for the first quarter, Thai AirAsia X will launch its maiden service from Bangkok to Inchon, South Korea on June 17 and then kick off regular flights to Japan’s Narita airport in Tokyo and Osaka around July. (Bangkok Post, 23/04/14)
Comment: The last laggard play for a rebound on politics?
DEMCO booking dividend from Aeolus Power of Bt116mn on April 30. Aeolus Power will pay dividends at least twice a year with the next dividend expected in 4Q14. (Khao Hoon, 23/04/14)
Comment: The transition from a pure contractor to investor is nearly complete for this firm, next up will be its Wind Energy Holdings stake.
Bualuang Asset Management is rumored to be planning to increase stake in M to 8-10% due to its attractive dividend returns and average trading volume of Bt100mn per day. (Khao Hoon, 23/04/14)
Comment: AM’s in Thailand have one of the key factors in behind the increased asset prices seen on the markets.
SCCC profit surges but outlook murky – Siam City Cement Plc (SCCC), Thailand’s second-largest cement producer, posted a significant year-on-year rise in net profit for the first quarter but noted that ongoing political tension and delays in government spending might affect its 2014 outlook. (Bangkok Post, 23/04/14)
SEC warns SUPER shareholders to study thoroughly SUPER’s acquisition of ProOne before the voting on April 25 after an Independent Financial Advisor (IFA) stated its opinion that the transaction in which SUPER will purchase the common shares of Pro Solar amounting to Bt325.30mn is not a suitable price and payment terms are unfair. (Khao Hoon, 23/04/14)
Comment: I do love the fact that the SEC is becoming more pro active
WHA/GUNKUL to be first to sell electricity from their four solar rooftop projects with total capacity of 4.3MW within May. Total investment came to Bt60mn per MW. WHA expects the four projects to bring in revenues of Bt40mn. GUNKUL reiterates that it expects the company’s revenues this year to increase by 50%. (Khao Hoon, 23/04/14)
Comment: Co Visit with GUNKUL this weekend, hopefully will learn more about what is going on there.