BTS Ridership grows nicely in November — BTS reports high ridership at 566,048 passengers/day, +26% YoY in November. (Company)

Comment: You still have to wait in queue just get on the damn thing in the morning! Essentially looking @ this via the infrastructure fund, easy for the co to hit THB 8/share next year.


SAT expects record sales in 2012 or 48% growth. The company targets sales growth at 10-15% in 2013. (Khao Hoon, 27/12/12)

Comment: Well, easy enough story, 2012 was a banner year, 2013 we’ll see how the industry performs on an export basis, I don’t expect “that” much growth domestically anymore


TTA trims fund-raising target — TTA has revised down its fund-raising plan to Bt6bn plus warrants from Bt9bn planned earlier after the bigger amount failed in a recent shareholder vote. It also changed its rights offering ratio from a previous 1:1 to 5:2, as it was one of the main points of contention with investors, plus free warrants with the exercise right within 2.5 years at a price of Bt17. The whole plan will proceed over a period of 30 months. (Bangkok Post, 26/12/12)

Comment: Essentially a win for minority shareholders here, I still think the company is incredibly cheap, but will wait and see post recap

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