BBL: Maintains loan growth at 6% yoy in 2013. BBL expects GDP to grow 4% this year, lower than the earlier forecast of 5%. However, the bank still maintains its loan growth target at 6%, supported by resilient domestic demand, especially investment demand. According to the bank, it will be one of the major lenders […]
Read More →CPALL CPALL greenlights Siam Makro takeover — CPALL shareholders approved the Bt189bn acquisition of Siam Makro in the country’s biggest ever takeover. Some 87% of shareholders who attended the meeting yesterday voted for the proposal, more than the 75% required. (Bangkok Post, 13/06/13)  Comment: No surprise here, great for CPALL as they need to Makro’s […]
Read More →Our favourite chartist queen, Ploy, has returned to grace us with her thoughts on the the markets, exchange rates and what it all means when put together. Enjoy the read! The question investors around the globe have been asking to themselves since May 22 when the Fed’s President mentioned in the congressional testimony of the […]
Read More →Oishi Green Tea: Launches in Malaysia. Oishi Group, the country’s leading ready-to-drink green tea producer, has started its drive to become a regional brand by 2017 by forging a distribution alliance with F&N Beverages Marketing Sdn Bhd in Malaysia. F&N Beverages, a wholly-owned subsidiary of Fraser and Neave Ltd in Singapore, kicked off its distribution […]
Read More →ITD and LOXLEY: Likely to win water projects. The government is expected to announce the winners of the Bt350b water management contracts by end of this month. According to the press report, ITD Group (ITD Power China) may win its bid for five modules worth Bt110b. LOXLEY consortium will likely win one module worth Bt4b. […]
Read More →Wooo last week was fun! But it ended with an upbeat note with the SET gaining 1.75% on Friday, this week brokers have been commenting the whole morning that new trigger funds will support the market in the short term.
Read More →Notable Transactions Buy(s) – THB 250mn GFM – Family transactions still ongoing WAT – This company has had one silly history, its changed its name a few times, shareholders, projects, but ok a direcor Sell(s) -Â THB 144mn GFM – See above
Read More →Hahaha…no comment..said enough in the past.. The defunct fitness company California WOW Plc cheated its customers and shareholders by reporting losses while transferring 1.7 billion baht out of the country over 10 years, officials say. The Anti-Money Laundering Office (Amlo) made the revelation on Friday, saying it believed as many as 10 people were involved […]
Read More →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 […]
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