Thailand King endorses budget bill – The 2014 budget bill received His Majesty the King’s endorsement on Friday and was published in the Royal Gazette, enabling the government to immediately disburse funds for the fiscal year that began on Oct 1. The House of Representatives passed the Bt2.5trn budget in late August and the bill […]
Read More →AMATA Sandbagging its IE — AMATA has prepared 500 “big bags†to protect the factories in its IE and is closely watching the flooding situation, after Nari typhoon pushed water levels up to 30-40cm on roads around Phase 1-3 factories. In phrases 7-9 it is pumping at full capacity and is prepared to deal with […]
Read More →AOT September passenger growth strong— AOT reported strong passenger growth at 21% YoY in Sep 2013, the 12thmonth in a row for double-digit growth. International passengers grew 19% YoY and domestic passengers picked up 25% YoY.(Company, 16/10/13) Comment : The other thing here to notice is the growth of domestic passengers, this is also in […]
Read More →AOT September passenger growth strong — AOT reported strong passenger growth at 21% YoY in Sep 2013, the 12th month in a row for double-digit growth. International passengers grew 19% YoY and domestic passengers picked up 25% YoY. (Company, 16/10/13) Comment : The other thing here to notice is the growth of domestic passengers, this is also in […]
Read More →AOT’s growth since 2009 has been staggering with total passenger numbers in September up 21% YoY. The most interesting fact of all is that Chinese tourists are now 20% of the total tourist number and this is only @ 5 mn travellers, can you just imagine the scope for growth from that nation? Â
Read More →Yawn, so no change from the BoT regarding interest rrates, they have kept it again @ 2.5% and will announce their 2013 GDP Forecast on the 25th Oct (previous projection was 4.2%). So with the next meeting on the 27th Nov we don’t think anything will change for policy rates here in Thailand, inflation is […]
Read More →BCP Says 3Q13 exceeded Bt1.1bn — BCP says 3Q13 net profit will exceed Bt1.1bn, with inventory gains of over Bt900mn. The company’s year-end EBITDA target is Bt9.6bn. (Khao Hoon, 16/10/13) HMPRO Says sales growth to reach 15% YoY — HMPRO is confident that sales will increase by over 15% YoY, and 2H13 profits will improve […]
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 →Last week the market continued to rebound on the back of continued flows from overseas and local prop desks. With the US government continuing to not function, the thoughts we have is that perhaps this year we won’t see the usual strong year end rally that starts in October til Jan. This week the BoT […]
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