BKD Listing on mai this quarter — Bangkok Dec-Con (BKD) is to conduct an IPO to sell 180mn shares and be listed in the mai index in 3Q13. Proceeds will be used to expand its business and to help push revenues up by 10-15% from last year’s Bt942.60mn. The company has a current backlog of […]
Read More →ADVANC AIS curbs ‘bill shock’ for 3G customers using data services – Advanced Info Service (AIS) has introduced an automatic data tariff adjustment to curb “bill shock”, one of 3G users’ worst experiences. The move is also aimed at complying with National Broadcasting and Telecommunications Commission regulations requiring 3G operators to lower their 2G and […]
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 →AMATA AMATA gears up for rush of land sales — AMATA said hundreds of land sales are expected to be sealed in the second half of this year, mostly in the car industry. Viboon Kromadit, a director and senior VP said each deal will require hundreds of rai of land, with the largest deal at […]
Read More →BTS Skytrain fares up from June — Fares will be raised on the BTS skytrain’s core 23.5-kilometre routes with effect on June 1, Bangkok Mass Transit System Plc (BTSC) announced on Monday. Current fares range between 15 and 40 baht on the original routes from Mor Chit to On Nut and from the National Stadium […]
Read More →Quiet Quiet day for news PTTEP PNG to grant gas concessions to Thai firms — Papua New Guinea Prime Minister Peter O’Neill has agreed to grant natural gas concessions to the Thai private sector during talks with hi Thai counterpart Yingluck Shinawatra. (Bangkok Post, 26/03/13)
Read More →CENTEL May be setting up REIT — CENTEL announced that it is in the process of studying to set up a property fund under REIT and is negotiating with domestic banks and foreign banks. It expects record breaking revenues in 1Q13, as revenue in the first two months for hotel and food and beverages has […]
Read More →ARROW Revenues to grow 30% this year — ARROW targets revenue growth of 30%, touching Bt1bn, this year and will maintain its net profit margin at 10-12%. The company will focus on cost reductions, increase its exports by 15-20% and also increase its capacity to support the upcoming AEC. This quarter, it also expects to […]
Read More →BANPU Buyback boosts Banpu share price – The SET-listed Banpu Plc, ASEAN’s leading coal miner, announced a Bt6.15bn share buyback plan yesterday, a move that rallied its share price after its net profit dropped last year on weakening coal prices. (Bangkok Post, 22/02/13) Comment: While good on a ST basis, it doesn’t cloud the fact […]
Read More →BTS Surge in profit in 4Q12 — BTS posted a 4Q12 profit of Bt1.17 bn, up more than 200%YoY. The impressive earning is supported by15.7% YoY growth in ridership to 600K riders/day. Other businesses, advertising and property, also did well. (Khao Hoon, 14/02/13) Comment: We’ve commented on BTS quite a few times already, thus the […]
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