ADVANC
ADVANC to work with TRUE to help 2G customers. TRUE will propose a rental agreement with ADVANC to rent 900MHz for three months. They will be talking today. (Khao Hoon, 17/2/16)
Comment: I don’t quite see the point in ADVANC working with TRUE given that 1) Jas won’t pay and thus there’s still another license available & negotiate with NBTC and TOT to utilise the unused spectrum 2) It has the roaming agreement with DTAC

AOT
AOT expects passengers to increase by 16-18%, signaling 2Q16 growth of 20%. It plans to inject Bt140bn to expand and develop airports. (Thun Hoon, 17/2/16)

BEAUTY
BEAUTY is seeking a partner in Philippines. This will be clear by 4Q16. It targets 2016 revenue to reach Bt2.1bn, driven by higher demand. It also plans to expand branches abroad. (Thun Hoon, 17/2/16)
Comment: I’ve always liked the potential of the Philippines, and given that Beauty’s products are “cheap” i.e. 20 cents of 10-20 baht / unit it could do very well. Or is this just news from another company that they are expanding internationally and nothing will come out of it.

BEM
BEM awarded compensation of Bt4.38bn. The arbitrator has told the Expressway Authority of Thailand to pay BEM. (Khao Hoon, 17/2/16)
Comment: Less funding for the government to do upcountry loans?

EARTH
EARTH got new orders of 100,000 tons and expects to sign a contract soon. It plans to take over a mine in Indonesia and is studying a solar farm in Italy. (Thun Hoon, 17/2/16)

EGCO
EGCO invests Bt22bn to expand power production by 1770 MW. It expects profit growth of 5%, boosted by higher sales. (Thun Hoon, 9/3/16)

IFEC
Restructuring approved. IFEC said a creditor approved Dara Dhevi hotel’s restructuring plan. (Thun Hoon, 17/2/16)

JAS
JAS will hold a board meeting this month. It assures the market that it is able to buy back the shares. (Khao Hoon, 17/2/16)
Comment: Once a retail darling, I wonder how many of those former JAS lovers are hating the company today…

M
M plans to invest Bt300-400mn to expand branches in Thailand. It targets better performance than the previous year. (Thun Hoon, 17/2/16)

SAWAD
SAWAD targets revenue to grow 20-30%, on growth of Bt15-16bn in its loan portfolio. It plans to buy Bt4bn NPLs to manage. (Khao Hoon, 17/2/16)

SCB
SCB says it is meeting its loan target. It is confident that loan growth this year will be around 4-6%. It is strict in issuing loans for retail customers. (Khao
Hoon, 17/2/16)

SUSCO
SUSCO targets 2016 revenue of Bt22bn or 8% growth. It plans to invest Bt200mn to expand petrol stations. (Thun Hoon, 17/2/16)
Comment: They just can’t seem to keep up with PTG

    • They did mention they will have a conclusion to the NBTC on the 17th or 18th. I wouldn’t write them off just yet but then again no one expected them to win a license in the first place.

      • Assuming this share repurchase is sincere in nature, combined with the dividend they are basically stripping out all their cash to return to their shareholders, perhaps Pete is worried NBTC will make good on their threat to cancel their 3BB license?

        • NBTC doesn’t have the legal precedent to do it though…therein lies the issue with all these news and rumours, first the government would have to draft the paper in order for them to be allowed to cancel licenses..just have a look @ digital TV…

      • I would write them off in a heart beat, true needed 6 banks to back them, what can JAS get? Would be the greatest pulling a rabbit of the hat trick if they were able to pull it off though…..

        • Not to mention of those 6 banks, Bank of China guaranteed half the amount only because of China Mobile’s presence.

          So in essence, the 5 Thai banks are only on the hook for about 37 Billion.

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