Thailand MPC maintains rate at 2.5% again – The Bank of Thailand’s Monetary Policy Committee (MPC) will likely stand pat on the policy rate for the rest of this year after keeping it unchanged at 2.5% for a second straight meeting yesterday. (Bangkok Post, 22/08/13) MPC expected to maintain policy rate – Despite the slowdown […]
Read More →BAY deal approved — The Finance Ministry has approved a bid by Japan’s Mitsubishi UFJ Financial Group (MUFG) to buy a 75% stake in Bank of Ayudhya Plc, minister Kittiratt Na Ranong said yesterday. MUFG agreed to buy a controlling stake in BAY for up to Â¥560bn (US$5.61bn) as Japanese lenders expand into fast-growing Southeast […]
Read More →BAY bullish on SME loans despite economic slowdown – The Bank of Ayudhya (BAY) maintains its 15% growth target for its small and medium-sized enterprise (SME) loans this year on expectations that the country’s economy will return to normal growth in the next six to 12 months. Thailand’s fifth-largest lender by assets typically sets its […]
Read More →HMPRO HomePro bullish on sales — Home Product Center Plc, the operator of HomePro hardware stores, is confident of achieving 15% sales growth this year to Bt39.71bn despite the economic slowdown and weak purchasing power. As up to 80% of Home Pro’s customers are homeowners, they still spend on home repairs or renovations no matter […]
Read More →CK CK optimistic — Thailand’s third-largest contractor by market value expects the cabinet to approve today a contract worth over Bt20bn to supply trains and operation system of the Purple mass-transit rail line. Following the endorsement from the cabinet, the SET-listed subway operator Bangkok Metro Plc will sign the contract with CK this month for […]
Read More →AOT Strong July traffic growth — AOT reported strong traffic in July 2013, with passenger and aircraft movement growth of 16% YoY. This is the tenth month in a row that it has reported double-digit growth. (Company press release) Comment: This is really only one of the few strongly growing large cap co’s in Thailand […]
Read More →Notable Transactions Buy(s) THB 342 mn EARTH – The Chairman and CEO buys a huge amout of shares @ 7.90, some THB 237 mn worth GFM -Â continuation of the family shifting holdership Sell(s) THB 104 mn CHG – A director sells off THB 22mn shares GFM – See above
Read More →After serving food, bakery products and beverages to Thai consumers for 40 years, SET-listed S&P Syndicate Plc (SNP) still sees “huge potential” to grow both domestically and internationally, says Vitoon Sila-On, senior vice-president for domestic operations. “Even with 424 outlets across the nation, the expansion has only just begun,” he says in a discussion about […]
Read More →Thailand MoC wants to talk to exporters — The Ministry of Commerce (MoC) is calling for a meeting with major exporters to discuss strategies to reach export target in Sept of 7-7.5%. It also plans to encourage setup of new businesses to increase by 14% in Sept. (Thai Post, 15/08/13) HSBC suggests structural reforms – […]
Read More →