AJD announced a par reduction to Bt0.01 from Bt0.10 to enhance the stock’s liquidity. It plans to list subsidiary, Happy Vision on mai next year. It targets doubling revenue this year after entering the entertainment business and expects to sell 4mn set-top boxes this year. (KrungthepThurakij, 2/3/15)
Comment: Stock split!
ANAN to go ahead with its 5-year business plan, focusing on property development near MRT and expanding its product line to cover all segments, which is expected to lift revenue above Bt50bn. For this year, it targets being No.1 in the condominium market with sale of more than 1.65 units per year. (Thai Post, 2/3/15)
Comment: Still love the long term outlook for this business.
AUCT appointed to arrange auction of 232 luxury cars for the Customs Department. This is expected to generate Bt300mn for the government. (Kao Hoon, 2/3/15)
Comment: And maybe about 230,000 baht for AUCT, remember they only take a fee for each transaction, they don’t risk taking on inventory.
CPF board approves spending Bt2.85bn to increase holding in C.P. Cambodia Co Ltd to 100% from 25%. (Thai Post, 28/2/15)
Comment: Left pocket right pocket.
EPG’s 3QFY14 net profit rose 27% YoY to Bt147mn, as a result of easing cost of funds and income tax. The company plans to have subsidiary Aeroklas to take over TJM to penetrate the Australia market. (Kao Hoon, 2/3/15)
Comment: I’m curious to learn more about this business.
JAS announces extra dividend for 2014 of Bt1.65/share, equivalent to dividend yield of 18.6%. (Kao Hoon, 2/3/15)
Comment: And yet the stock price refuses to climb, no believers in the long term future of JAS?
PF’s board approves capital increase of 1,927mn shares allocated to existing shareholders to finance the acquisition of TPROP and GRAND, which is expected to bring its revenue to Bt30bn by 2017. The company plans to open 24 new projects valued at Bt29.5bn and expects its revenue to reach Bt20bn this year. (Kao Hoon, 2/3/15)
Comment: I have my doubts on their ability to raise capital necessary to complete this project, but hey if the market believes it shouldn’t we all?
SALEE’s board approves par reduction to Bt0.25/share from Bt1/share and dividend of Bt0.35/share. The company expects revenue to grow 20% this year and expects to sustain its gross margin at no lower than 30%. (KrungthepThurakij, 28/2/15)
Comment: Another stock split! People are going
TUF board approves raising capital by Bt13.2bn to finance the acquisition of Bumble Bee Foods. (Krungthep Thurakij, 28/2/15)
Comment: A surprise too many, they have the balance sheet strength to fully debt fund this but refuse to, so should we look back and assume that the acquisition announcement followed by the par split were just ploys to increase the share price to raise this capital?
TRUE board approves wiping out retained loss by using legal reserve, premium on shares and a par reduction to Bt4 from Bt10. (Post Today, 2/3/15)
Comment: And another stock split! That’s 3 just today! Don’t financial advisor’s have more intelligent ways to to advise companies?