HEMRAJ HEMRAJ aims land sales of 1,600 rai and invest Bt6bn in 2014. It will launch the 7th industrial park, Hemaraj Chonburi 2, in 4Q14. It views the political situation as an opportunity to buy cheap land. (Khao Hoon, 24/1/14) Comment: Still the best company around, if the stock price drops enough as a function […]
Read More →AAV Feeling the pinch — AAV says that the political head is impacting its operations and it will monitor the situation closely. It expects the political situation to ease in 2Q14, after which tourism will recover. It continues to focus on China destinations and Air Asia X to generate revenue. (Tun Hoon, 07/01/14) Comment: We’ve […]
Read More →BANPU To sell treasury shares — BANPU will sell its treasury stock of 135.6mn shares between Jan 17-31, 2014. It said it will sell the shares at a price no less than 85% of the average close for the preceding last five days. (Khao Hoon, 23/12/13) Comment: Well that was a quick trade for the […]
Read More →ARROW ARROW continues to grow in high season 4Q13 — ARROW says that clients are making many orders. It expects 2013 revenue growth of 13-15% YoY, below its earlier target at 20% YoY and is also building a new factory. (Khao Hoon, 12/12/13) BTS 8% YoY growth in passengers this year — BTS expects passenger […]
Read More →CPF Freshening CP Freshmart — CPF is spending Bt50mn on “CP Freshmartâ€, with promotional campaigns and a new Santa promotion. It expects sales during the holiday festival to double. (Khao Hoon, 11/12/13) EARTH expects 2014 coal sales at >8mn tons. The company will target more foreign markets to help support growth as it believes that […]
Read More →CKP CK’s power unit foresees electrifying 2014 revenue – CK Power Plc (CKP), the SET-listed power unit of Ch. Karnchang Plc (CK), expects revenue growth of 20% to Bt6.8bn next year. It will be the first full year of operation for its cogeneration power plant in Ayutthaya. The higher 2014 revenue contribution of Bang Pa-in […]
Read More →ADVANC Economic slowdown leads to cut in target — ADVANC slashed its revenue target for the year to 5-6% from 6-8% due to the slowdown in the economy. Its 3Q13 net profit shrank to Bt8.34bn, with 9M13 net profit of Bt27.46bn, growth of only 3.9% YoY. (Khao Hoon, 06/11/13) Comment: Will this dividend behemoth finally […]
Read More →ADVANC AIS moves to become leader in mobile payments – Advanced Info Service (AIS) will launch a new mobile-wallet service for online shopping. Already the largest mobile operator, the move is aimed at becoming the leader in mobile payments. The virtual credit card payment service, which AIS claims is the first in Thailand, lets online […]
Read More →ANAN Treasury program spurs price — Price of ANAN rocketed to hit a one month high after the company announced plans to repurchase 333.30mn shares (10% of total shares). The total value of the repurchase scheme is estimated to be Bt500mn. Management is confident that earnings will exceed market expectations, and promised dividend will start […]
Read More →BAM on target for stock listing in 2014 – Bangkok Commercial Asset Management (BAM), the state-owned debt management firm, confirmed its plan to seek listing on the Thai stock market by mid-2014. President Krit Sesavey said it is waiting for its parent Financial Institution Development Fund (FIDF) to allow it to move forward with its […]
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