Thailand Panel OKs tax cuts for small firms – The Joint Public-Private Consultative Committee yesterday agreed in principle with a proposal to cut corporate income tax for small and medium-sized enterprises (SMEs) for three years in a bid to help them stay afloat. Arkhom Termpittayapaisith, secretary general of the National Economic and Social Development Board, […]
Read More →BBL BBL is planning to expand its custodian business into CLMV countries. BBL is the first bank to be awarded a custodian license in Laos, paving the way for foreign investors to invest in Laos’ capital market with interest in 3-4 foreign funds licenses. Vietnam is BBL’s next target. (Krungthep Thurakij, 20/02/15) Comment: After talking […]
Read More →AIT AIT sets a revenue growth target at 10% to Bt6.8bn with backlog on hand of Bt2bn. The firm also has potential projects of Bt10bn that will come up for bidding this year. (Khao Hoon, 19/02/15) Comment: This company still continues to confound me with its consistent growth, with its capital increase 2 years ago, […]
Read More →ABC ABC set revenue target for 2015 at Bt800mn, focusing on five new concerts. The company plans to add more alliances with 3-4 credit card issuers, which it expects to conclude by mid-2015. The major shareholder intends to reduce his holding from 76% to not less than 50%. (Khao Hoon, 18/02/15) Comment: Not a bad […]
Read More →BTS BTS too book ~Bt1.5bn revenue from NPARK if NPARK sells the 20 rai of land at Onnut with market value of Bt3.2-4.0bn to an international school. It hopes to book the gain in 2Q15. (Khao Hoon, 17/2/15) EA EA to start commercial operations of its 90MW-solar farm in Lampang today. This new solar farm […]
Read More →ADVANC Joining with THCOM to provide service to drilling rigs — ADVANC is joining with THCOM to be the first operator to expand a mobile network to drilling rigs in the Gulf of Thailand, using satellite technology. (Khao Hoon, 16/2/15) AP AP condo wins case. AP set to continue construction and sales activities for its […]
Read More →Key news out this week will be Thailand’s 4Q14 GDP numbers (most likely poor) and the EU is going to meet on Greece (personally I’m hoping that Greece is kicked out – although yes financial markets may be hurt). Thai co’s that will release earnings this week include PTTGC, BANPU, PTT, IVL, AMATA, CPALL, and […]
Read More →Notable Transactions Buy(s) THB 6bn BTS – This is a share swap between father and son IFEC – I think this is party a share swap as well SYNTEC – This “mid size” construction co continues to grow in terms of backlog RS – Despite the firm selling its treasury shares, the owner continues to […]
Read More →Diamond Building Products Plc (DRT) is a manufacturer and distributor of roofing products, fibre cement board and artificial wood products including siding, eaves, fences and flooring under the Diamond, Adamas and Jearanai trade names. Satid Sudbuntad, director and deputy managing director, discusses the company’s strategy and outlook. What is DRT’s business model? DRT is among […]
Read More →The SEC is finally becoming a bit more clever in regards to PP’s, which if you remember has been a recent method for speculators to purchase a serious amount of shares and control the supply in the market. Here are the measures that they will try to implement: One-fourth of the silent period shares would […]
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