ADVANC AIS to bring curtain down on 2G service — ADVANC plans to end 2G mobile service after its concession expires in 2015, say executive chairman Somprasong. (Bangkok Post, 24/06/13) Comment: Welcome to the world of tomorrow! Mitsubishi: In talks to buy BAY. Japanese Mitsubishi UFJ is reported to be in the final stages of […]
Read More →BAY BAY opens Laos venture — Krungsri Consumer, an unsecured loan lender under BAY, plans to commence its auto and personal loan joint venture in Laos in July. BAY’s two financial arms – Krungsri Consumer and Ahudhya Ca;pital Auto Lease (Krungsri Auto) – each own 35% of Krungsri Financial Service (Laos), with the balance held […]
Read More →BANPU Banpu seeks power profits — BANPU plans to increase its investment in the power sector in a bid to lower risks stemming from volatile coal prices. CEO Chanin Vongkusolkit said the company expects to lift its profit from the power business to 30-40% from almost 20% lat year. (Bangkok Post, 16/03/13) Comments: Not unless […]
Read More →BAY BAY, top 10 developers go for quality clients – Bank of Ayudhya is partnering with the country’s top 10 property developers to offer attractive loan terms, including zero interest on initial repayments, to home-buyers seen as high-quality borrowers. (The Nation, 07/03/13) BANPU To sell 48mn tons of coal in 2013 — BANPU targets 48mn […]
Read More →AOT AOT expecting record number of arrivals — AOT estimates the number of passengers passing through Suvarnabhumi this year to reach 50mn, after reaching a record of 170K per day from 150K over the Chinese New Year. It aims to address the airport congestion problem before the completion of Phase 2. (Khao Hoon, 26/02/13) BAY […]
Read More →AKR AKR wins a bid — AKR has won the bidding for a project worth Bt500mn. Management said the company has its backlog of Bt600mn. AKR targets to grow 10%YoY. International orders will increase to 20-25% in 2013. Its deal regarding the solar business is expected to conclude at the end of this year. (Tun […]
Read More →AP AP aiming at 15% YoY growth in revenues — AP aims for revenue growth of Bt20-21bn, a 15% increase from last year’s Bt17bn. It targets sales of Bt23-25bn, a 15-20% increase from last year, which will help raise its current backlog of more than Bt27bn. The company expects to launch 23 projects, worth Bt24bn […]
Read More →As a sector its earnings grew 25% YoY with KK, BAY, KBANK, and KTB showing incredible earnings growth. The combination of a recovering Thai economy from the 2011 floods, automobile incentive scheme, housing schemes, reduction in corporate income tax from 30% to 23% all boosted their earnings strongly. Going forward however the same elements aren’t […]
Read More →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 […]
Read More →BAY Japan company wins bid for BAY — Japan’s Mitsubishi UFJ Financial Group Inc won the BAY’s bid from GE Capital International Holding Corporation. BAY will announce the official result to the SET on Dec 26, 2012. (Khao Hoon, 24/12/12) Comment: I can believe this story far more than any of the Malaysian bank rumours, […]
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