CHO CHO reports more than Bt1bn in backlog and will sign a contract for a Bt700mn new job. It expects earnings for 1Q14 to continue to be strong and revenues this year to grow by at least 15%. (Khao Hoon, 20/03/14) Comment: A unique business here as they build niche trucks/vehicles and ships of all […]
Read More →AAV Thai AirAsia’s Q4 profit falls by 40% – Last year’s fourth-quarter net profit of Thai AirAsia (TTA) dropped by 40% YoY to Bt425mn due to aircraft deprecation costs and higher spending to counter the market downturn caused by the civil unrest in Bangkok. This came despite a 16% increase in revenue to Bt6.50bn and […]
Read More →BCP BCP aims at EBITDA of Bt25bn in 2020, brought by a focus on projects with 15% IRR. It expects 2014 EBITDA of over Bt10bn, supported by solar farms. (Khao Hoon, 27/2/14) Bangchak to issue up to Bt8bn in bonds — BCP will issue Bt50-8bn worth of debentures in the second quarter of the year […]
Read More →CK To issue debentures — CK will issue debentures worth Bt3bn this month and has appointed KTB as its underwriter. TRIS rates CK’s new unsecured bonds at “BBB+â€. (The Nation, 07/02/14) DTAC TAC TriNet allowed to launch 4G LTE service – Telecom committee of the National Broadcasting and Telecommunications Commission (NBTC) on Wednesday approved DTAC […]
Read More →BMCL BMCL gains from political protest which has raised average passengers to 360,000 a day, +30%. The MD expects a good performance in 1Q14. The Mass Rapid Transit Authority of Thailand is preparing to sell bidding envelops for the Blue Line next month. (Khao Hoon, 28/1/14) Comment: At least there are some beneficiaries to the […]
Read More →AI Huge extra income in 4Q13 — AI will book extraordinary income of more than Bt1bn in 4Q13 from AIE’s IPO. It also said that 2014 will be an uptrend for the insulator manufacturing and engineering business. AIE will be listed in the MAI on Jan 6. (Khao Hoon, 03/01/14) Comment: Punters rejoice! CHG CHG […]
Read More →AIT To ask shareholders to approve capital increase — AIT will hold a shareholder’s meeting on Nov 18 to obtain approval for a capital increase of 137.55 million shares at 1:2 shares (old:new) at a price of Bt5.00/share. (Khao Hoon, 18/11/13) Comment: This is still ongoing now as of writing, we are confused by their […]
Read More →CK BMCL in the black in two years — CK guarantees that BMCL will be profitable in two years. It also announced that it will buy any shares remaining from BMCL’s capital increase after rights offering. 3Q13 profit was Bt937mn, a 945% increase YoY, while 9M13 grew strongly from a loss thanks to share of […]
Read More →AMATA Flooding downs two factories on estate – Minor flooding at Chon Buri’s Amata Nakorn Industrial Estate has forced an auto parts factory and an electronic parts plant to shut down temporarily due to transport disruptions. Authorities say the water will recede within five days. The estate has seen minor flooding in phases 7-9, where […]
Read More →CK CK optimistic — Thailand’s third-largest contractor by market value expects the cabinet to approve today a contract worth over Bt20bn to supply trains and operation system of the Purple mass-transit rail line. Following the endorsement from the cabinet, the SET-listed subway operator Bangkok Metro Plc will sign the contract with CK this month for […]
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