BMCL BMCL aims at 2014 passenger growth of 10% YoY supported by new properties at Ratchada. The political situation does not impact operations but supports passenger growth because people avoid driving. (Khao Hoon, 14/1/14) EPCO EPCO to build a 23MW solar cell plant worth Bt194.40 in Japan. It targets total capacity to reach 100MW by […]
Read More →BANPU Writing off treasury stock — BANPU announced it will decrease registered capital by writing off the repurchased registry shares worth Bt135.6mn. The decrease will boost EPS and DPS by 5%. (Khao Hoon, 25/12/13) Comment: Well that’s an easy way to boost EPS BEC BEC concerned and political situation — It will boost ad rates […]
Read More →Not directly related to the market but its interesting to see the latest numbers from Instagram showing that the #1 location in the world was Siam Paragon and that for the most instagrammed cities, Bangkok was #2, you can see below for the whole list. Now if I’m reaching for an investment case…well high number […]
Read More →AGE boosts coal exports to feed plants in Asia – MAI-listed Asia Green Energy (AGE) aims at 20% growth in coal sales volume next year as it boosts exports to countries building coal-fired power plants. Managing director Panom Kuansataporn said coal sales volume is seen rising to 2.4mn tonnes this year and 3mn tonnes next […]
Read More →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 →ERW Confident of meeting target growth — ERW is confident that revenues this year will reach its target growth of 15% as the business moves into high season in the second half. Profits grew strongly in 2Q13 after booking extraordinary gains on sale of assets to ERWPF fund. The company is also ready to expand […]
Read More →ANAN – Ananda plans Bt20bn projects in second half – Ananda Development, confident of the continuing strength of residential demand, plans to launch condominium projects worth more than Bt2bn over the remainder of the year. (The Nation, 18/07/13) AOT cutting par value — AOT is to reduce par value from Bt10.00 to Bt1.00 after prices […]
Read More →BEC Sees no roadblocks ahead — BEC expects business to continue growing from last year, after raising ad rates by 50% for 30-40 programs in 1Q13. It is also ready to bid in the TV digital auction in the second half of the year after more clarification from the NBTC. (Khao Hoon, 08/03/13) BGH BGH […]
Read More →CK CK targets 20% share of projects — Ch. Karnchang Plc (CK) expects to win 20% of the government’s planned Bt2tn infrastructure projects, boosting its revenue by 10-15% annually over the next seven years. It targets its revenue to grow from Bt18bn last year to Bt25bn this year and to Bt28-30bn in 2014. CK expects […]
Read More →Notable Transactions Buy(s): ANAN, BGH, ERW, FNS, INOX, SAUCE, SIRI, STEC Total Amount: THB 1.77 bn Sells (s): HYDRO, IHL, LEE, PPC, SPCG, TUF Total Amount: THB 1.0 bn
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