News flow from companies has quieted down, well its holiday time soon anyways. PTTGC PTTGC nears Indonesia JV — PTTGC has moved closer to jointly setting up a US$5bn petrochemical complex with Indonesia’s national oil conglomerate, PT Pertamina. A deal signed yesterday by the two partners kick-started a feasibility study for the naphtha-based project on […]
Read More →AH Aapico enters parts venture — Sumino Kogyo Co, the Japanese supplier of Mazda Corporation, will enter a Bt600mn joint venture with AH to make precision-press welding parts in Thailand. The JV will set up a factory in Chonburi’s Amata Nakorn Industrial Estate, with full operations nearly next year. Sumino will hold 51% and AH […]
Read More →Positive(s) The finance ministers of 17 eurozone countries approved an EU-IMF plan for restructuring Cyprus’s banking sector on Monday, putting their stamp on a proposal that will fundamentally overhaul the country’s two largest banks. The plan, negotiated on Sunday between Cyprus’s president and EU and IMF leaders, is seen as workable US: The Federal Reserve […]
Read More →Notable Transactions Buy(s) AH – The owner has been buying up his shares all of this year . Ticon – Lots of buying happening here , are REIT’s the reason for this? Does beg the question as to why management and founders weren’t buying their own shares when the stock was low mid-teen’s. Tpipl – […]
Read More →Another quiet quiet day regarding Thai corporate news BJC Berli Jucker to go full throttle in Vietnam — BJC will start its retail business in Vietnam in the first half of this year. BJC is also considering whether to invest Bt1bn to expand its tissue paper production capacity in Vietnam or Thailand this year. (Bangkok […]
Read More →AOT AOT to press govt. for Don Muang upgrade — The AOT board is to ask the cabinet to make Don Muang a fully functional airport. Don Muang airport currently serves low-cost carriers with point-to-point international and domestic services. AOT board chairman Sita Divari said yesterday the board had approved a proposal to upgrade Don […]
Read More →ECF ECF surges on listing — Shares of East Coast Furnitech (ECF), which began trade on the mai yesterday, doubled from their IPO price, surging 101.67% to close the day at Bt2.42 in trade worth Bt837.65mn. (Bangkok Post, 27/03/13) Comment: No comment. Ok no i will, ECF IPO’ed @ about THB 600 mn mkt cap, […]
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 →ADVANC TPT mulls early end to concession — TOT may end its mobile concession contract with ADVANC this year, two years before the expiration date, to enable the state telecom to early a final sum of Bt40bn from ADVANC. The proposal is part of TOT’s survival plans after its concession revenue vanishes at the end […]
Read More →Wonderful week it was with the market giving up of half its total return this year on the back of Cyprus and local politics making some noise.
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