SCB To focus on used car loans. SCB plans to expand more into high-yield used car loans. The bank plans to increase the portion of used car portfolio to 40% of total hire purchase (HP) loans by the end of this year (vs 35% currently). By area, provincial lending is slated to make up 45% […]
Read More →PF: Plans community malls worth Bt19.5b. Property Perfect (PF) plans to invest Bt19.5b over three years to develop four community malls in Bangkok before putting them into a property fund by 2015. The first two projects, Metro West Town on Kalapapruek Road and Metro East Town in Lat Krabang district, will start construction by 3Q13 […]
Read More →A helluva lot of transactions last week. Notable Transactions Buy(s) THB 458mn BTS – The owner buys back a huge amount of shares, THB 66 mn worth, perhaps in anticipation of the special dividend that will be annouced CPF – Fairly odd transaction here by the Vice President buying 2.7 mn shares @ 30 and […]
Read More →Eureka Eureka Design is expediting negotiations on business prospects in India and Indonesia, which it hopes to conclude by year-end. The company plans to expand its overseas markets to push sales into the top 10 in Asean in the next three years. This year, it expects to achieve its revenue target of Bt400m. Narakorn Ratchapolsitte, […]
Read More →BJC BJC plans ASEAN expansion — BJC plans to expand its retail businesses by launching drug and health stores, convenience stores and premium warehouses this year. Senior VP Sujittra Vichayasuek said it will open drug and health stores in Bangkok by next month. The stores will be located in high-end shopping malls and office buildings, […]
Read More →CK CK Power eyes Myanmar plant — CK Power (CKP), a unit of CK, plans to develop a hydropower plant on Myanmar’s Thanlwin River, after making rapid progress in Laos, says MD Supamas Trivisvavet. The project will have a total capacity of 7,000 MW. (Bangkok Post, 04/06/13) Comment: CK is listing CKP within the coming […]
Read More →Thai Economy Unified MPC cuts rate to 2.50% — For the first time this year, the BoT yesterday cut its benchmark interest rate by 25 basis points to 2.5%, acting to cushion against risk to domestic demand after weaker-than-expected first quarter economic growth. “Against the backdrop of continued financial stability concerns, the MPC thus voted […]
Read More →“Against the backdrop of continued financial stability concerns, the Monetary Policy Committee (MPC) thus voted unanimously to reduce the policy rate by 25 basis points from 2.75% to 2.5% per year,” the…Â Source:Â Bangkok Post Argh! Yes I was surprised by the rate cut, we could see the bond market was expecting it, however I was […]
Read More →OISHI OISHI has reset its sales target at Bt14bn, down from the earlier Bt15bn. It expects food to contribute 42% and beverages 58% this year Comment: Looks like the company is still yet to full recover from the floods in 4Q11 SCC SCC buying more in sanitaryware, paper — The SCC board has given the […]
Read More →AH Aapico sure of strong growth — AH expects positive growth for the rest of this year based on the solid car sales in the first quarter. President Yeap Swee Chuan said the Thai car industry will likely continue to rise, with 2.5mn vehicles expected to be produced and sold this year. Its Ayutthaya factories, […]
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