Bangkok Branch of Tokyo-Mitsubishi UFJ takeover approved by BoT — BAY reports that the Bank of Thailand has approved the entire business transfer of the Bank of Tokyo-Mitsubishi UFJ Limited, Bangkok Branch to BAY. This will take place within one year from the date on which Bank of Tokyo-Mitsubishi UFJ becomes a shareholder of BAY. (SET, 04/10/13)

Comment: The action has already been priced in.


Bt3bn gain on sale to REIT — Mr. Anand Kachanapat said that BLAND will book an extra gain of Bt3bn from the sale of in assets to its REIT in Oct-Nov. The REIT news led to a surge in BLAND’s price of 8.97% yesterday. (Khao Hoon, 04/10/13)

Comment: The news of this REIT is nothing new and we think its also been priced in for most of the year.


Safe chicken, rumors false — CPF has reassured the public that chickens from CP farms are safe and that rumors about bird flu in its farms are false. Its poultry business will grow by 15-20% this year, with poultry exports growing 10-15%. It expects revenues from fresh and processed broilers to reach Bt14bn. (Khao Hoon, 04/10/13)


Looking at power in Japan — EPCO aims to invest in 1-2 power plant projects in Japan with a total capacity of 50 MW in 4Q13. Management also expects profits for the year to grow 190% YoY. Fourth quarter earnings are to be strong supported by the 5MW solar power plant in Lopburi that will start operations at the end of this year. (Khao Hoon, 04/10/13)


Pruksa to build more low-price condos – Pruksa Real Estate is moving into the low-price condo market and plans to launch at least two projects in this segment worth between Bt15-20bn next year, said Prasert Taedullayasatit, the company’s managing director for condominiums. (The Nation, 04/10/13)

Comment: Just met with the founder, K. Thongma, yesterday and wow their continued growth just amazes me.


Says it has an interested Saudi partner — SPCG announced that Mara Cell from Saudi Arabia is interested in partnering in investment in solar plant projects, with an initial investment of Bt100mn needed. The Saudi government said that it wants to invest in 50,000 MW solar projects to reduce oil usage. (Khao Hoon, 04/10/13)


Making lamps for 2nd eco-car — STANLY will continue producing lamps for its second eco-car project. It expects to revenues this year to grow by 5-10%. (Khao Hoon, 04/10/13)

Comment: STANLY is the only listed auto car manufacturer that benefits from this new eco-car phase


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