Advanced Wireless Network (AWN) paid Bt20.493 billion to the National Broadcasting and Telecommunications Commission (NBTC) yesterday as the first installment of the 1,800MHz license upfront fee. (Khao Hoon, 25/11/15)
Comment: And TRUE hadn’t paid their first part yet. Surprised much? Eyes are now fully focused on the remaining 900 MHz that should be up for bidding in December, we think it’s something that both DTAC and ADVANC have to win, each for their own business reasons otherwise DTAC is effectively out of the telco game and ADVANC won’t have enough spectrum. Now would JAS come to ruin the party for all the incumbents by pushing the price up just as they had done in the first round of bidding?
CSL expects 2016 revenue growth of 1-3%. It is focusing on the ICT business and is expected to have net profit of Bt300mn. (Khao Hoon, 25/11/15)
ECF expects 2016 revenue growth more than 12% and revenue in 2015 of Bt1.3bn. It also plans to use its rights to produce Disney-themed furniture to expand its market. (Khao Hoon, 25/11/15)
GLOBAL expects 2016 revenue to grow 10-15%. It plans to partner in Cambodia and use Bt2bn to expand the business in Thailand. (Thun Hoon, 25/11/15)
Comment: We have never really cared much for this company only because we were always worried about its inventory turnover and HMPRO, as a business, is by far a better choice. But if and its a big if, GLOBAL can expand further in Cambodia, Laos etc etc and have a strong foothold in both markets then I may be more interested, but still their inventory management has me scratching my head.
GUNKUL to partner with Super to build 11 solar farms for a total of 87 MW. It expects to generate electricity this month. (Thun Hoon, 25/11/15)
HEMRAJ plans to sell land in Hemraj Eastern Seaboard 2 to MG. It will sign the contract tomorrow (26/11/15). (Thun Hoon, 25/11/15)
Comment: We are just waiting for that last divvy.
JUBILE expects to 4Q15 net profit to be high backed by peak business season. (Khao Hoon, 25/11/15)
Comments: Diamonds haven’t been a girl’s best friend this year with sales growth being negative…
KBS expects 2015 revenue to grow 5% backed by expansion in power production. (Thun Hoon, 25/11/15)
LH expects a new high for revenue backed by backlog of Bt16-17bn. (Khao Hoon, 25/11/15)
LOXLEY expects to grow at 15% next year. It plans to bid for projects worth Bt30bn and expects to get 80% of its bids. (Khao Hoon, 25/11/15)
MK plans to take over 4-5 hotels in the provinces and expects to partner with foreign companies. (Thun Hoon, 25/11/15)
Comment: New shareholder and a new business line. Competition for ERW if done properly.
SMART plans to focus on CLMV especially dealers in Cambodia. It is investing Bt200mn to serve property market growth. (Khao Hoon, 25/11/15)
TREIT successfully obtained Bt3.2bn to invest in TICON’s factories. It plans to sell 224.30 trust units to increase capital at Bt10 per unit. (Khao Hoon, 25/11/15)
TU set to play last card for Bumble Bee – Thai Union Group is ready to sell its Chicken of the Sea tuna business in the US if the US Justice Department will allow it to seal a US$15.1-billion Bumble Bee Seafoods deal. “We’re now preparing a plan to sell Chicken of the Sea. We are in talks with potential buyers and expect to sell it immediately if the Justice Department gives the nod for us to buy Bumble Bee,” said Thiraphong Chansiri, president and chief executive. Thai Union has been trying to acquire Bumble Bee since last year. However, the acquisition has been suspended due to an antitrust investigation by the Justice Department into the packaged seafood industry including Thai Union subsidiary TriUnion Seafoods, maker of Chicken of the Sea. The company will know on Dec 18 if it can buy California-based Bumble Bee in a deal estimated to be worth $1.51 billion. Chicken of the Sea has a market share in the US of 17%, while Bumble Bee is even higher at 25%. Therefore, if Thai Union wants to go ahead to complete the Bumble Bee purchase, it will have to sell off another part of its group. Mr Thiraphong said selling Chicken of the Sea would avoid breaking US antitrust rules, which bar any merger and acquisition that would allow one company to dominate the US market. He said Thai Union would need to tweak its fundraising plan to buy Bumble Bee. He said the company would still maintain its plan to have global revenue of $8 billion by 2020 even if it failed to acquire Bumble Bee. (Bangkok Post, 24/11/15)