BMCL SRT advised not to take BMCL rights offer — The SRT’s financial advisor has concluded that SRT should not inject equity into BMCL, as it will remain in control despite the dilution of its holding to 14% if it does not take the capital increase rights offering. SRT will host a meeting today to […]
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 →Forth Revenue down on slow hard disk drive market — FORTH says its revenue will fall from last year’s Bt5.9bn to Bt5bn this year due to the slowdown in the hard disk drive market. However, it is confident that net profit will increase to Bt250mn from Bt93mn. (Khao Hoon, 15/10/13) Comment: Thailand has been the […]
Read More →AMATA Flooding downs two factories on estate – Minor flooding at Chon Buri’s Amata Nakorn Industrial Estate has forced an auto parts factory and an electronic parts plant to shut down temporarily due to transport disruptions. Authorities say the water will recede within five days. The estate has seen minor flooding in phases 7-9, where […]
Read More →LH 3Q12 presales over Bt20bn — LH says that 3Q13 presales will be more than Bt20bn. Management expects the company to achieve its target Bt30bn as it expects to book rental revenue from its apartment in California in 4Q13, pushing its revenues for the year to more than Bt25bn. (Khao Hoon, 17/09/13) Comment: This property […]
Read More →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 →AMATA AMATA in power JV — AMATA has revealed plans for a joint investment in a small power plant project worth more than Bt500mn with a capacity of 264MW after the board approved the joint venture plan of its two newly set up companies “Amata B. Grimm Power 4 and Amata B. Grimm Power 5â€. […]
Read More →BWG Revenue target achievable — BWG is confident that revenues will reach its target of 30% growth this year due to the higher volume of customers, especially industrial customers, driven by increases in waste and better unit prices. Sales to PTTGC, a customer, will depend on the amount of waste generated by its oil spill. […]
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 […]
Read More →CPN At CPN, B53.2bn for new Rayong mall – Despite the gloomy global economy, leading local retailers vow to maintain their business plans in order to meet sales projections this year. Central Pattana Plc (CPN) is the most active, intending to use Bt3.2bn to build a new shopping mall in Rayong and capture rising spending […]
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