Cutting back — Management expects to lower its investment in 2014 from the usual Bt3bn annually. It will put off land development and street construction due high cost. It will continue to invest once the political situation recovers to normal. Currently, it has 14000 rai waiting for development and 2200 rai already being developed. (Matichon, 31/3/14)

Comment: Despite it being the 2nd best industrial estate developer in Thailand, if you value all the land and assets that Amata has on hand, then yes it’s a cheap stock


CIMBT introduces bancassurance plan that it hopes will pull in over 200,000 of its clients. The plan includes retail clients. It expects this to raise fee income by 50% YoY. (Khao Hoon, 31/3/14)


PTT signs EPC deal with Korean firms – Energy giant PTT Plc has earmarked Bt20bn to develop a second phase of a liquefied natural gas (LNG)-receiving terminal and gasification plant. It recently awarded an engineering, procurement and construction (EPC) contract to South Korea-based Daewoo Engineering Co and IHI Co. Construction will start shortly near the existing terminal in Mab Ta Phut, Rayong. (Bangkok Post, 31/03/14)


QH plans to aggressively expand into the low-rise and condo market segments in the provinces and aims to target middle-low income group located close to industrial and tourist areas. It will launch its first project this year, “The Trust Amata-Chonburi”, worth Bt850mn. (Khao Hoon, 31/03/14)


Operations unchanged — SRICHA says that its major shareholders will still hold 63.5% and that operations will continue unchanged. The announcement came after a group of major shareholders sold a big lot of 31.50 million shares, or 10.29% of registered capital, to local and foreign institutional funds worth more than Bt1.1bn. (Khao Hoon, 31/03/14)

Comment: And that’s a sign to exit?


WHA targets to expand net leasable area by 300,000 sqm. Most recently, OfficeMate signed a contract to lease 10,000 sqm of distribution and warehouse space that the company is currently developing. WHA is looking to expand into markets abroad. (Khao Hoon, 31/03/14)

Comment: OFM expanding, great for them, WHA still continues to confound me

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