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, […]
Read More →Just received this in my mailbox, its a rather nifty little infographic showing which publicly listed companies in Thailand will benefit from the recent issuance of 3G licenses to the telecom operators. Â Source: Not sure, if someone knows do inform me so I can credit them properly
Read More →Analysts have been sending me this table most of today with the headlines that Thai Bank’s loan growth has been slowing in the month of August but a MoM growth of +1.0% for the whole sector isn’t bad. Based on the figures this is what I see: The Small financial institutions (KK and TISCO) have […]
Read More →I touched on the fact that the government was trying to transfer the FIDF (Thailand’s loans from the ’97 asian financial crisis) from the government’s balance sheet to the Bank of Thailand’s balance sheet. And now there is a recent development, according to local news today the BOT Governor is exploring ways to make up […]
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