Banks are always the first to announce their financial performances and here are some quick thoughts: Just look @ BAY’s performance, followed by its corresponding stock price performance, it has just been amazing. The larger banks in general are still continuing to grow, NPL management has been proactive, especially at KBANK. The smaller institutions […]
Read More →AGE AGE will issue Bt1bn worth of debentures sometime in 1Q15. It plans to use the proceeds to invest in 10 biomass power plant projects with a total capacity of 100MW. It also set a revenue target of Bt9bn for 2015, up from the expected Bt7bn in 2014. (Kao Hoon, 06/01/15) Comment: This a positive […]
Read More →A couple of things to note: The major banks are still performing ok, mainly on cost management and lower provisions 9M YoY performance is average to say the least with the sector only up +5.7% Autoloan related fincos, Tisco and KK, are still suffering, though this may very well be the end of the high […]
Read More →BA Bangkok Airways expects to list on the stock exchange within 2014. It aims at an IPO of more than Bt10bn to set up a new aircraft maintenance factory at Suvarnabhumi airport, buy aircraft, and improve Samui airport. (Kao Hoon, 13/08/14) Comment: Their flights to and from Samui were consistently full every time I’ve gone there, as […]
Read More →AAV TAAX plots aggressive expansion – Thai AirAsia X (TAAX) is charting a lofty growth plan that it hopes will put the airline at the forefront of the medium- and long-haul low-cost segment it pioneered in Thailand. Ramping up its passenger volume to 1mn by 2016, expanding the fleet to include a newly unveiled version […]
Read More →BAY BAY keeps 7-9% loan growth aim – Bank of Ayudhya (BAY), the country’s fifth-largest lender by assets, is maintaining its lending growth target at 7-9% this year despite sentiment improving after the military coup ended the political impasse. The new signs have not had a clear impact on loan growth as it is the […]
Read More →AAV AAV’s bookings down 15% due to the coup. The CEO says the airline has seen a significant decline in Chinese clients, but domestic traffic continues to support operations. Khon Kaen, Nakorn Panom, and Naratiwat flights have a load factor of 90%. It will control costs and postpone client base expansion to handle the drop […]
Read More →ADVANC AIS vows to ‘fight to the end’ to maintain pole position – Advanced Info Service (ADVANC) is pinning its hope on this year’s scheduled spectrum auction of four licenses to provide fourth generation mobile broadband service under a do-or-die strategy to maintain its leadership in the hyper-competitive market over the past two decades. (Bangkok […]
Read More →BAY BAY expects loan growth of 7-9% YoY in 2014 from 13.7% YoY in 2013. It cut its 2014 NPL target to 2.5% after 2.67% in 2013. It says the Japanese hold a 72% stake and the M&A process will be complete in 2014. (Khao Hoon, 10/04/14) Comment: Still decent numbers coming out of Thai […]
Read More →BAY BAY’s assets currently at Bt1tn. It expects loan growth of 9% YoY in 2014, made up of 40% big clients, 38% retail clients and 22% SME clients. (Khao Hoon, 27/03/14) BBL BBL expects loan growth of 5-6% YoY in 2014, if the Thai economy expands 3% YoY, assuming there is a working government. (Khao […]
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