ADVANC TPT mulls early end to concession — TOT may end its mobile concession contract with ADVANC this year, two years before the expiration date, to enable the state telecom to early a final sum of Bt40bn from ADVANC. The proposal is part of TOT’s survival plans after its concession revenue vanishes at the end […]
Read More →Wonderful week it was with the market giving up of half its total return this year on the back of Cyprus and local politics making some noise.
Read More →HMPRO to raise cash — HMPO plains to issue debentures worth Bt4-5bn to raise funds for branch expansion. Wannee Juntamongkol, a senior vice president, said the company will spend up to Bt10bn this year, twice as much as last year, to add hardware and home improvement stores across the country. Half of the spending will […]
Read More →Well there’s a bit a lot of news surrounding Cyprus and its given markets, especially Thailand a reason to finally sell off a bit. We’ve scoured the net and found a few interesting articles that may be of interest explaining whats going on there, the problem and even a potential solution. It is a levy […]
Read More →CPN CPN to raise funds for new development — CPN plans to raise an additional Bt10-12bn this year to finance its ambitious investment plans including developing a prime location at the busy intersection of Rama IV and Sathorn roads. CPN will issue new units of its CPN Retail Growth Leasehold Property Fund (CPNRF) in a […]
Read More →BTS BTS lays tracks for infrastructure IPO — BTS wants to bid for three mass transit rail projects worth a combined Bt100bn, of which Bt30bn will be allocated from the imminent launch of its infrastructure fund, from which it expects to raise more than Bt60bn. Chairman Keeree Kanjanapas said the BTS, the first company to […]
Read More →Last week, the Thai market continued its spectacular start to the year and globally continued strong data out of the US, Japan continuing its aim to expand its own balance sheet further and Europe looking brighter with another Spanish bond auction  selling with the lowest yields seen since 2010. But we still keep banging our […]
Read More →Notable Transactions Buy(s) BGH – Rehash of what I’ve stated for a while, buying will continue by management PS – This is a surprise Sell(s) KK – No surprise here, CEO continues to take profit NWR – Gah this stock price run pi$$ed us off as we exited earlier when we thought the fairly was […]
Read More →BANPU Banpu seeks power profits — BANPU plans to increase its investment in the power sector in a bid to lower risks stemming from volatile coal prices. CEO Chanin Vongkusolkit said the company expects to lift its profit from the power business to 30-40% from almost 20% lat year. (Bangkok Post, 16/03/13) Comments: Not unless […]
Read More →Positive(s) Thailand Fitch boosts credit rating – Ratings agency Fitch Ratings yesterday announced a one-notch upgrade in Thailand’s credit rating, supported by declining policy risk, stable finances and low public debt. The upgrade raises the country’s long-term foreign currency rating to BBB+ from BBB, with a stable outlook. The short-term foreign currency rating was also […]
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