BAY – Japanese bank looking to buy into BAY — Mitsubishi UFJ Management said that the Japanese bank is in the process of waiting confirmation from GE Capital International Holding Corporation to acquire 25% of BAY. Recently, Mitsubishi UFJ acquired 20% of Vietin Bank for 15.5 trillion dong (US$743mn). (Khao Hoon, 16/01/13)

Comment: Well the news over BAY has been bouncing around for the past 6 months, and the Thai newspaper has been wrong with it’s “facts” on several occasions, let’s see what pans out

GLOBAL – Expects 35% revenue growth in 2013 — GLOBAL targets its revenue to grow 35%YoY in 2013. It has allocated Bt3bn as CAPEX to open more 12 stores. GLOBAL also has a plan to expand to the international market, expected to conclude in 1Q13, after partnering with SCC. (Khao Hoon, 16/01/13)
Comment: essentially the upcountry version of homepro when it first came to market yes ago, never quite did like its long cash cycle but well done to management bringing in SCC

LH – L&H investment budget set at Bt10 bn, Thailand and California in developer’s focus — Land & Houses plans to spend Bt10bn to acquire land and existing projects in Thailand and the United States while lining up 24 residential projects worth Bt43.29bn for launching this year. (The Nation, 16/01/13)

UAC – Capital increase entirely taken up — UAC was able to sell all 24mn shares of its capital increase. This will fund the project to transform crude oil into compressed natural gas, liquefied petroleum gas and natural gas liquids, generating Bt200mn revenue per year. Another Bt86mn will be used to construct compressed biomethane gas (CBG) projects. These will support the revenue growth of 20%YoY in 2013. (Khao Hoon, 16/01/13)

Comment: This company is worth following

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Your email address will not be published.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.