A summary of the week’s major headlines both in Thailand and abroad Thai Economy MoC cuts export target — The MoC has reduced its export target to 4% growth in 2013, a decrease of US$15bn in export value. It forecasts export growth of 5-7% in 2014. Exports to Japan were cut to 0% from 5%. […]
Read More →BAY Bangkok Branch of Tokyo-Mitsubishi UFJ takeover approved by BoT — BAY reports that the Bank of Thailand has approved the entire business transfer of the Bank of Tokyo-Mitsubishi UFJ Limited, Bangkok Branch to BAY. This will take place within one year from the date on which Bank of Tokyo-Mitsubishi UFJ becomes a shareholder of […]
Read More →CPALL Expects 13-15% sales growth — CPALL is confident that sales will grow by 13-15%, and insists that it will continue to expand despite the domestic consumption slowdown. (Khao Hoon, 03/10/13) Comment: The key story here is on how they are re financing their debts from the MAKRO takeover DTAC 3mn 3G customers — DTAC […]
Read More →ADVANC AIS gears up for 4G network expansion – Advanced Info Service is gearing up for fourth-generation (4G) network expansion on multi-frequency networks next year. AIS chief executive Wichian Mektrakarn said it could not afford to lose the auction for the 1800 MHz frequency planned for next September. (Bangkok Post, 02/10/13) Comment: WOOOOOO 4G. HEMRAJ […]
Read More →BANPU/RATCH RATCH in talks over Bt40bn coal plant — Ratchaburi Electricity Generating Holding Plc (RATCH) is in talks with ASEAN’s leading coal miner Banpu Plc to develop a Bt40bn coal-fired power plant in Indonesia (700MW) as part of its strategy to maintain business growth. The new possibility in Indonesia is now undergoing a feasibility study […]
Read More →The market rallied up some 9.5% mainly driven by the usual suspects, prop, tech and banks, in the past month to eek out the year’s return @ +1.8%. So the noise regarding the tapering has passed, and its unlikely to come back until 1Q14 we think, Europe has been quiet as well, so all we […]
Read More →Notable Transactions Buy(s) THB 1 bn POST – The Chairman and Director both buy THB 41 mn shares TFD – A huge buy by the Exec Chairman @ THB 834 mn done via a combination of shares and warrants. Pre this he held 24% of the co, this should bump him up to 32% (excl […]
Read More →GFPT Earnings to be best in 3Q — GFPT says that 3Q13 earnings will be the year’s best, with 2H13 beating out 1H13. It expects profit to 10% YoY to Bt16Bn. (Khao Hoon, 30/09/13) Comment: Commented here before, wonderful co, and went through the oversupply situation in the past 1.5 years without issues. BBL Admits […]
Read More →Finally back in Bangkok after two weeks in Europe, one of which was is in Moscow. A fabulous country, a fabulous city, its a properly developed city with wonderful architecture, a history second to none, a culture that is incredibly unique, a metro that is better, cleaner and safer than what I’ve seen in NYC […]
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