BLAND to set up REIT — BLAND is to book in profits from its Sri Nakarin land sale of Bt3bn in 2Q13/14 and also to establish a Real Estate Investment Trust (REIT). BLAND-W4 is to start trading tomorrow (Jul 25th) and expects BLAND price to be Bt1.80, leaving BLAND-W4 at Bt0.45. (Khao Hoon, 24/07/13) Comment: […]
Read More →BAY: Consumer unit eyes regional growth. Krungsri Consumer, the personal finance arm of Bank of Ayudhya (BAY), will continue expanding its retail banking business regionally. The move is in line with the business strategy of Bank of Tokyo-Mitsubishi UFJ (BTMU), which will soon become the main shareholder in BAY. The managing director of Krungsri Consumer, […]
Read More →AAV: Thai Post link up for speedy EMS. Thai AirAsia, the biggest low-cost carrier, has joined hands with Thailand Post to introduce an EMS [Express Mail Service] super-speed service as part of its plan to strengthen its financial performance. Currently, ticket sales contribute 84% of revenue, while non-ticket sales make up 16% of total. The […]
Read More →BECL: June traffic growth of 3.3% — BECL reports moderate traffic growth in June at +3.3% YoY. An associate is listing and will begin to trade on July 18, 2013, at which time BECL will sell 20.6mn shares in the company. (Company) BTS: Vietnam subsidiary to bid for VN elevated rail management —BTS’s subsidiary is […]
Read More →KTB changes tack to focus on fees — State-owned Krungthai Bank (KTB) is focusing more on high-yielding retail banking and small and medium-sized enterprise (SME) loans in order to boost non-interest income, underscoring the fierce competition in these segments among big banks. Thailand’s second-largest lender by assets targets retail and SME loans of 60% of […]
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 →KTB – FIDF still looking to sell part of its stake — The Financial Institutions Development Fund (FIDF) is to sell out 4% of its KTB stake or approximately 447mn shares. The selling price is expected to be 1.5x its book value or Bt19.20. The proceeds will be used to clear off the FIDF 1 […]
Read More →Applications for Board of Investment (BoI) privileges in 2012 topped 1.46 trillion baht, the highest ever, Industry Minister Prasert Boonchaisuk said on Thursday. The number of projects rose from 2011 by 29.7%, while investment worth was up 131%. These investment projects would create an estimated 348,866 jobs, the minister said. Â Source: Bangkok Post Booyah! This […]
Read More →AGE New coal mine ready to start up — AGE is ready to start operations of its coal mine in Tambon Nadee in Samutsakorn province and revenues are expected to be recognized immediately in the first quarter. The company is confident that revenues this year will reach Bt6bn from last year’s Bt4bn. (Khao Hoon, 03/01/13) […]
Read More →EARTH Raises capital to buy mine in Indonesia — EARTH increased its capital by 1.47bn shares to acquire a coal mine in Indonesia. The company said the dilution affect is 10% and it is confident that revenues this year will exceed Bt8 bn from 4 million tons of coal sales. It expects revenue growth of […]
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