AOT MD says political situation hurting passenger traffic — In January, passengers in its six airports increased 7.35% YoY, failing to meet expectations. It continues to expect passenger growth of 10% YoY in 2014, supported by provincial airports. It will open bidding for phase 2 of Suvarnabhumi airport construction in April. (Khao Hoon, 11/02/14) Comment: […]
Read More →BAY Expects merger with MUFG to strengthen — BAY expects to be stronger after merging with MUFG, bulked up by that entity’s loan and deposit portfolios. Net profit in 4Q13 is expected to touch Bt4.09bn, a 7.8% YoY increase, supported by the booking of gains from expiration of Vayupak. (Khao Hoon, 24/12/13) BAY out of […]
Read More →BAY Targets SME loan growth 2-3x GDP — BAY targets SME loan growth in 2014 of two-three times GDP growth, which is expected at 4%. It plans to expand its customer base to include more Japanese with a greater focus on trading business. NPLs are expected to be below 1%. Mr. Nariaki Koto has been […]
Read More →AIE AIE confirms strong fundamentals and said 2013 revenue will be Bt4.2bn with 2014 revenue at Bt5.5bn, supported by B7 bio-diesel. It aims to list on mai in January 2014. (Khao Hoon, 16/12/13) BAY BAY expects Bt36bn new property loans in 2013, beating its target of Bt28bn. It is seeing a steady drop in NPLs […]
Read More →ADVANC Economic slowdown leads to cut in target — ADVANC slashed its revenue target for the year to 5-6% from 6-8% due to the slowdown in the economy. Its 3Q13 net profit shrank to Bt8.34bn, with 9M13 net profit of Bt27.46bn, growth of only 3.9% YoY. (Khao Hoon, 06/11/13) Comment: Will this dividend behemoth finally […]
Read More →BAY Credit card growth of 15% achievable — BAY expects revenues from credit cards for 2013 to reach its growth target of 15% as consumer spending picks up in 4Q13. Management expects growth for credit cards to double that of GDP growth in 2014. (Tun Hoon, 31/10/13) GLOW 9M13 profit of Bt5.63bn, up 45% YoY […]
Read More →BAY 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 […]
Read More →BAY BAY to issue 1.14bn shares to BTMU — BAY will issue 1.14bn shares at Bt39 each via private placement to the Bank of Tokyo-Mitsubishi UFJ (BTMU) under a conditional branch purchase agreement, according to BAY’s filing to the Stock Exchange of Thailand. (The Nation, 19/09/13) Comment: Will need to read more into this, however […]
Read More →BAY deal approved — The Finance Ministry has approved a bid by Japan’s Mitsubishi UFJ Financial Group (MUFG) to buy a 75% stake in Bank of Ayudhya Plc, minister Kittiratt Na Ranong said yesterday. MUFG agreed to buy a controlling stake in BAY for up to Â¥560bn (US$5.61bn) as Japanese lenders expand into fast-growing Southeast […]
Read More →BAY bullish on SME loans despite economic slowdown – The Bank of Ayudhya (BAY) maintains its 15% growth target for its small and medium-sized enterprise (SME) loans this year on expectations that the country’s economy will return to normal growth in the next six to 12 months. Thailand’s fifth-largest lender by assets typically sets its […]
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