CPF CPF slashes 5-year investment plan — CPF plans to slash its five-year investment budget by a third to US$1.6bn and pare back revenue targets, as its foreign farms are performing below expectations. It will also cut its revenue growth target to an average of 10% over the next five years from its earlier goal […]
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 →ThaiBev ThaiBev takes aim at Myanmar, F&N buy opens the door for drinks giant —Thai Beverage Plc (ThaiBev) is seeking a greater presence in Myanmar through its partnership with Fraser and Neave Ltd (F&N), the Singaporean firm acquired earlier this year by the Thai drinks giant. Thapana Sirivadhanabhakdi, ThaiBev’s president and chief executive, said the […]
Read More →The market has been driven almost purely by the technology sector (advanc, dtac, and true) for the month as the sector as a whole is up +9.8% MTD and a whopping +160% over a 12 month period. This week the NESDB will release Thai 1Q13 GDP (which should be rubbish because of the baht’s strengthening), […]
Read More →AMATA AMATA gears up for rush of land sales — AMATA said hundreds of land sales are expected to be sealed in the second half of this year, mostly in the car industry. Viboon Kromadit, a director and senior VP said each deal will require hundreds of rai of land, with the largest deal at […]
Read More →This came across my desk yesterday. MSCI Thailand (MSCI Global Standard) Add : HMPRO, MINT, INTUCH, TRUE Delete : None MSCI Thailand (MSCI Global Small Cap) Add : ANAN, BMCL, EASTW, EA, GRAMMY, GUNKUL JMART, KTC, MALEE, N-PARK, OFM, OISHI, SAMTEL, SPCG, TFD, THRE, UMI, UV, VGI, WHA Delete : BLA, BTS, VNT
Read More →TRUE True eager for three licenses — True Corporation looks set to view for three digital terrestrial TV licenses in a strategic move to consolidate its cable TV business following the challenge of dark hourse CTH. It also plans to expand its mobile and cable TV networks to Myanmar this year its CEO said. (Bangkok […]
Read More →BECL Case against BECL dismissed —On May 3, the Central Administrative Court dismissed the case filed by EXAT in 2008 appealing the arbitral award, and thus EXAT is again facing a payment of Bt1.79bn (plus interest until completely paid off) to NECL. This was earlier awarded by a court in compensation for a reduction in […]
Read More →DTAC DTAC continues 3G network expansion — DTAC vows to be at the forefront of the 3G mobile broadband market this year thanks to its upgraded network platform. It expects to almost triple its 3G mobile subscribers from 3.5mn to 10mn this year using its 850- and 2100 MHz frequencies. It is able to install […]
Read More →AH Aapico enters parts venture — Sumino Kogyo Co, the Japanese supplier of Mazda Corporation, will enter a Bt600mn joint venture with AH to make precision-press welding parts in Thailand. The JV will set up a factory in Chonburi’s Amata Nakorn Industrial Estate, with full operations nearly next year. Sumino will hold 51% and AH […]
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