New coal mine ready to start up — AGE is ready to start operations of its coal mine in Tambon Nadee in Samutsakorn province and revenues are expected to be recognized immediately in the first quarter. The company is confident that revenues this year will reach Bt6bn from last year’s Bt4bn. (Khao Hoon, 03/01/13)

Comment: Great story for this company.


Concession extension questioned — The Department of Special Investigation (DSI) accused the officials of the Bangkok Metropolitan Administration (BMA), and Bangkok Mass Transit System Pcl (held by BTS) and Krungthep Thanakom (held by BMA) of involvement in granting a concession to extend the skytrain train service without obtaining required prior approval from the Interior Ministry. (IQ Biz, 02/01/13)

Comment: Rubbish news, it sounds like politicians and government folk just making noise and looking for more handouts, BTS still has the infrastructure play on hand


Aquisition of Chia Tai Food (Qinhuangdao) — CPP (in which CPF owns 74%) announced on the Stock Exchange of Hong Kong that it has entered into an agreement to purchase 100% in Chia Tai Food (Qinhuangdao) from Chia Tai Food Investment, which is owned by CP Group. (Bangkok Post, 03/01/13)

Comment: Say what you want about this family’s past business digressions, they are making the right steps today


Targets 13% loan growth in 2013 — KTB targets loan growth in 2013 of 13%, supported by new loans to the infrastructure projects from the government. Fees are also expected to increase, which will help push its earnings up by 20%. 4Q12 earnings are expected to grow by 514% YoY. (Khao Hoon, 03/01/13).


2013 looks good, it says — RML says that its 2013 earnings will be strong. It expects net profit to grow no less than 30% to Bt1.46bn, while revenues are expected to reach Bt8bn, supported by an increase in the number of transfers from The River and 185 Rajadamri projects. (Khao Hoon, 03/01/13)

Comment: We used to love RML however exited last year b/c we are worried that post the the transfers of the River project, the company doesn’t have any major projects to transfer across unless it massages/manages its earnings


Targets 30% revenue growth in 2013 — SIRI targets revenues for 2013 to grow by 30% to reach Bt36bn from last year’s target of Bt28bn due to its high backlog of Bt53bn, with transfers expected over the next three years. Sales for 2012 reached Bt42.1bn. (Khao Hoon, 03/01/13)

Comment: I’ve noted the story here enough times


VGI banking on skytrain expansion for ads — VGI expects revenue from the overall media advertising industry will reach Bt110bn in 2013 up by 8%. In the first nine months of 2012, the industry generated Bt87bn, driven by the improving economy, said Marut Arthakaivalvatee, VIG’s director and CEO. (Bangkok Post, 29/12/13)

Comment: Wonderful monopoly business it has with the BTS and they’ve gone from strength to strength with its other clients in the modern retail segment, but damn this stock is expensive!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.