Thailand Domestic rice prices in free fall — The government’s delay in paying farmers for rice earmarked for the pledging scheme has resulted in declining domestic paddy prices, say traders. The average local paddy price is now only Bt6,500-6,000 a tonne, far lower than the Bt15,000 offered by the government. (Bangkok Post, 11/11/13) Senators shoot […]
Read More →CK BMCL in the black in two years — CK guarantees that BMCL will be profitable in two years. It also announced that it will buy any shares remaining from BMCL’s capital increase after rights offering. 3Q13 profit was Bt937mn, a 945% increase YoY, while 9M13 grew strongly from a loss thanks to share of […]
Read More →CKP CK’s power unit foresees electrifying 2014 revenue – CK Power Plc (CKP), the SET-listed power unit of Ch. Karnchang Plc (CK), expects revenue growth of 20% to Bt6.8bn next year. It will be the first full year of operation for its cogeneration power plant in Ayutthaya. The higher 2014 revenue contribution of Bang Pa-in […]
Read More →EPCO Profit up 335% YoY in 9M13 — Eastern Printing announced 9M13 net profit of Bt112mn, growth of 335% YoY. It expects 2013 revenue to rise 30% with a 160% jump in net profit. It expects to book a dividend from Bor-Ploy Solar of Bt57mn in 4Q13. (Khao Hoon, 13/11/13) CENTEL Centel posts explosive profit […]
Read More →Well Politics politics politics were the main news for the past week, however point your eyes to how the telecom sector has been performing, average numbers from ADVANC has hurt the sector badly and given that’s one of the largest sectors on the SET, it may continue to be a drag on any market rally. […]
Read More →BMCL Capital raise okayed by shareholders — Shareholders have given approval for BMCL to raise capital by Bt8.55bn and change its rights offering from 5.9:1 (existing: new shares) to 1.39:1 share. Management says that the recapitalization will help strengthen the firm’s financial position by saving Bt640m on interest expense per year. (Khao Hoon, 12/11/13) Comment: […]
Read More →And its all done! Preah Vihear belongs to Cambodia as everyone had expected, the Senate kicked out the Amnesty Bill with a 140-0 vote. What else are they going to stay on the streets for now? To kick the government out and have a snap election? Please democrats you’re still going to lose. Red shirts […]
Read More →AAV 3Q13 profit Bt290mn — AAV reports 3Q13 profit of over Bt290mn, +59% growth QoQ. This is due to a 30% increase in cabin factor, raising revenue to over Bt5bn revenue. 9M13 net profit is at Bt1.5bn, 70% growth YoY. (Khao Hoon, 11/11/13) Comment: As long as they stay away from buying planes then ok […]
Read More →Notable Transactions Buy(s) THB 443 mn BGH – Founder still continues to buy shares in his co, another THB 139mn BNC – No name posted here, but THB 49mn isn’t anything to scoff at. GRAMMY – Another THB 72 mn bought by the founder SVI – K. Poe is transferring more shares to his name, […]
Read More →BTS Group Holdings Plc (BTS) and TMB Bank (TMB) will be added as components of MSCI Global Standard Indices.  The 15 new stocks on the MSCI Global Small Cap Indices are Asia Plus Securities Plc (ASP), Chularat Hospital Plc (CHG), CK Power Plc (CKP), Country Group Development Plc (CGD), Diamond Building Products (DRT), DSG International […]
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