Land tax tweaked to spur activity. The land and buildings tax to be levied on vacant land will increase by 0.5 percentage points every three years until it is capped at 5%, says Deputy Finance Minister Wisudhi Srisuphan . (Bangkok Post, 14/02/17) Ministry of Commerce expects Thai economy to grow 3-4% since higher oil prices […]
Read More →2S 2S targets steel sales of 180,000 tons/year with an investment budget of about 5% of total assets. It also plans to improve machine efficiency which it expects will boost 1H17 performance. It also plans to expand to CLMV on the back of high demand. (Thun Hoon, 17/02/17) ACAP ACAP posted 2016 revenue of Bt468.8mn, […]
Read More →ASAP ASAP plans to offer an IPO of 210mn shares, with subscription in the third week of March and trading on the SET on Mar 30. It will use the funds to build “ASAP Auto Parkâ€, a full-service automotive center at Bangna. (Kao Hoon, 16/02/17) Comment: Love the ticker, no idea on the business yet, […]
Read More →AOT AOT reported 1QFY17 profit of Bt5.1bn or growth of 10%, supported by 6.11% passenger growth to 30.6mn passengers and an increase in flights of 6.94% to 204,000 flights. (Kao Hoon, 15/02/17) Comment: So stock split is done & then its gone ahead and declined on fears of slowing passenger growth and capex of THB […]
Read More →We are starting to see some weakness in certain sectors this year. basically the ones that have done very well in 2016 i.e. every commodity based company.
Read More →Notable Transactions Buy(s) THB 27.3 mn n/a Sell(s) THB 19.7 mn n/a
Read More →DRT DRT has set aside Bt100mn to upgrade its machinery, which it expects will reduce cost and expand margin to 25%. It expects 2017 revenue growth of 5%, supported by customer expansion and home renovations in the south. (Thun Hoon, 14/02/17) Comment: Walking/driving around the provinces over the weekend did give me an idea that […]
Read More →Thailand delays launch of $2.9-bln infrastructure fund to second quarter. Feb 8 Thailand plans to launch a 100-billion baht ($2.85 billion)infrastructure fund in May or June this year, the finance minister said on Wednesday, as the military government seeks to fund investment projects to boost a sluggish economy. Last month, a ministry official said the […]
Read More →ASIAN ASIAN is looking for a partner to expand its business line. It talking to a party in the U.S. and expects some progress this year. It hopes to broaden its customer base abroad. It targets 2017 revenue to grow 20% by implementing active strategies. It plans to launch new products to bring up orders […]
Read More →AMA AMA expects to finish the deal to buy a second ship within 2Q17 and expects the ship to be in service in April. This will increase 2017 capacity to 72,000 tons from currently 46,000 tons. It targets 2017 revenue growth of 50%, backed by recovery in shipping. It plans to invest in the logistics […]
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