AOT expects FY2014 profit growth YoY on growth in normal operations. It aims to maintain EBITDA margin at 40%. (Post Today, 24/3/14)


BCH seeks additions to hospital chain – SET-listed Bangkok Chain Hospital Plc (BCH), the operator of Kasemrad Hospital and World Medical Center, is in talks to acquire three or four hospitals upcountry after its board approved a Bt5bn budget for expansion. It plans further business growth, particularly on the outskirts of Bangkok and in big cities upcountry, despite the prolonged political unrest. (Bangkok Post, 24/3/14)

Comment: The key issue has been the World Medical Center for BCH, if this stops losing money then perhaps interest will be back into the company 


Jasmine telecom fund falters over asset use – The National Broadcasting and Telecommunications Commission (NBTC) has rejected Jasmine International Plc’s proposed infrastructure fund, saying it must first change its assets usage to comply with the infrastructure sharing rule. The regulator wants the integrated communications service provider to change a condition stating that Jasmine’s underlying fund assets will not be available for use by other telecoms. (Bangkok Post, 24/3/14)

Comment: Well we’ve said it from day 1, we doubt the company’s ability to successfully list this fund.


KTB getting picky about corporate clients – The bank said it will focus mainly on companies in the SET-100, particularly global firms with solid financial conditions and high potential to expand, even in a slowing economy. International business expansion will be another focus of the bank. (Bangkok Post, 24/3/14)


PTT to relist mines in Indonesia – Energy giant PTT Plc plans to relist its Indonesian coal mining business on the Indonesia stock market within two years when global coal prices are expected to rebound. (Bangkok Post, 24/3/14)


SCG poised to review business plans – Siam Cement Group (SCG), Thailand’s top industrial conglomerate, is poised to revamp its business plans to cope with the impact of the political turmoil and adverse economic outlook, setting its sight on more exports and trading with the ASEAN market. (Bangkok Post, 24/3/14)


SIRI launches 2 new projects. One is a condominium worth Bt3bn with starting price of Bt2.49mn per unit. The other is a detached house project worth Bt1.14bn starting at Bt4.79mn per unit. (Khao Hoon, 24/3/14)

Comment: With its stock price back to below BV’s, should we be interested again?


Supalai says 1Q14 presales contract 10% YoY. It is concerned about no government until 3Q14 that would cause a contraction in 2014. It will launch 26 new projects worth Bt32bn. (BangkokBiz, 24/3/14)

Comment: That is actually not too bad given all the negative news that has been around the property sector

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