BMCL Capital raise okayed by shareholders — Shareholders have given approval for BMCL to raise capital by Bt8.55bn and change its rights offering from 5.9:1 (existing: new shares) to 1.39:1 share. Management says that the recapitalization will help strengthen the firm’s financial position by saving Bt640m on interest expense per year. (Khao Hoon, 12/11/13) Comment: […]
Read More →BLAND Bangkok Land condo taps area’s growth – SET-listed Bangkok Land Plc (BLAND) is developing the second phase of its Double Lake condominium project in Muang Thong Thani to cater to higher demand in northern Bangkok. The new phase, worth ~Bt525mn, will comprise two buildings with a combined 298 units priced from Bt1.99mn. It will […]
Read More →CKP Turnaround in 3Q13 — CKP will post a turnaround in 3Q13 net profit to Bt170mn, driven by revenues from Nam Ngum 2 hydropower plant. The company expects net profit for the year to exceed Bt370mn. (Khao Hoon, 28/10/13) Comment: Still an expensive entity. CPF Plans to go abroad to produce Asian food — CPF […]
Read More →ADVANC AIS tries new approach for roaming fees – Advanced Info Service (AIS) is introducing an unlimited mobile chat package to ease consumer fears over exorbitant international roaming fees when using their phone overseas. (Bangkok Post, 08/10/13) CMO New venture with Zaap — CMO announced a joint venture with Zaap, called CMO-Zaap, a new company […]
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 →CHG Lots of cash, plans to buy hospitals — CHG currently has over Bt390mn cash in hand and plans to acquire 1-2 new hospitals. Its revenue and profit are expected to grow at 20%. (Khao Hoon, 26/09/13) Comment: Still curious about the management share sales, which have been substantial, first thoughts go to BGH buying […]
Read More →BCP All three solar phases open by year-end — BCP is confident that it will open all three phases of its solar farms by the end of this year, pushing its EBITDA for its electricity business up to Bt2.8bn, with a total capacity of 118MW. The company is currently finding a contractor to develop Phase […]
Read More →BEC-Tero reaches for the stars this year : The entertainment industry will continue to have a bright outlook in the second half of this year despite declining consumer purchasing power, says BEC-Tero Entertainment Plc. Bangkok Post BECL TTW to help boost BECL’s 2Q13F — BECL expects to report revenues of Bt1.93bn and profits of Bt420mn […]
Read More →CPF plans acquisitions of two Russian companies , approves joint venture : Charoen Pokphand Foods (CPF) hopes to expand its exports through the acquisition by CPF Investment (CPFI) of two Russian companies – Russia Baltic Pork Invest ASA (RBPI) and Penza Food – for a combined equity investment of Bt4.3 billion. CPF will acquire an […]
Read More →BBL preps for Japan turf war – The acquisition by the Bank of TokyoMitsubishi UFJ (BTMU) of a stake in Bank of Ayudhya (BAY) is persuading Bangkok Bank (BBL) to prepare for stronger competition in the Japanese corporate banking business segment. (Bangkok Post, 23/07/13) Comment: Watching the changes in the banking landscape here in Thailand […]
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