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 →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 […]
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