Thailand Thai drought’s wide-ranging effects – Severe drought will probably weaken Thai agriculture for another year, and the phenomenon could derail growth of the country’s farm economy. (Bangkok Post, 10/03/14) Government proposing to borrow from disaster fund — According to several sources from Ministry of Finance, the government has submitted a loan proposal to borrow […]
Read More →CKP CKP revises revenue growth this year to 30% from 20%. The revision came as the company expects to book full-year revenue from its BIG1 plant. CKP will invest more than Bt22bn over the next three years in BIC2 and Nam Bak. It is also undertaking a study on solar farms in eight different places. […]
Read More →EA EA expects net profit this year to grow by more than 150% from Bt267mn last year driven by a full year of revenue from its new solar power plant in Nakorn Sawan of more than Bt1.2bn. It also said earnings in 1Q14 will continue to grow strongly. (Khao Hoon, 13/03/14) Comment: We think the […]
Read More →Well it’s done, at least for now, the Constitution Court has ruled that the government-proposed bill to allow the Finance Ministry to raise THB 2 trn in loans for the infrastructure development projects has been rendered unconstitutional. The court unanimously agreed with a vote of 8-0 that the content of the bill violated provisions stated in […]
Read More →CPF CPF finds a way to use used vegetable oil to produce Biodiesel B100 in its Saraburi plant. This will help lower its dependence on diesel imports by 1 million liters per year and lower energy costs plus help break the cycle of repeat use frying oil that can cause harm to consumers. (Khao Hoon, […]
Read More →AIE 2014 revenue target at Bt5.5bn. It says that if it has a profit this year, it is ready to pay out dividends. Although the company was affected by the shortage of palm in the first quarter, it expects to see growth driven by better cost control and inventory on hand. (Khao Hoon, 11/03/14) BCP […]
Read More →Well isn’t this funny, financials and prop-con’s are the best performers this year. I think many an Investment Committee would be quite surprised by this. This week we have the MPC meeting and several strategists are expecting a rate cut, which in recent history has led to a market decline, we think otherwise because inflation […]
Read More →Notable Transactions Buy(s) THB 157 mn NKI – The family buys THB 47 mn, this along with BKI shares being bought by its owner, is the insurance industry picking up? SIRI – The COO buys nearly THB 60 mn, is the SIRI trade back? Sell(s) THB 126 mn ITD – Owners selling another THB 67 […]
Read More →AGE AGE selects Apisit Rujikiatkumjorn as vice president and he will hold 10mn shares. It is confident that he will support business growth. AGE will pay a stock dividend at the ratio of one new share for 10 existing shares and says it expects to double revenues in 1Q14 YoY, backed by higher orders. (Khao […]
Read More →Thailand BoT warns of slump in GDP growth – Gross domestic product (GDP) growth could come in below last year’s 2.9% if the political stalemate persists throughout the year, says a senior Bank of Thailand official. (Bangkok Post, 01/03/14) BAAC plans to issue its own bond in order to finance rice payment, but is uncertain […]
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