ADVANC ADVANC reported net profits for 2013 at Bt36.27bn, a 4% increase YoY, supported by growth in revenue from internet services. It will pay a dividend of Bt5.75/share, bringing the year’s dividend to Bt12.15/share. This year, it targets service revenue to grow by 6-8%. (Khao Hoon, 12/02/14) Comment: A 4% Increase isn’t much to brag […]
Read More →IRCP IRCP expects both revenue and net profit growth of 30% YoY. It continues to bid for jobs related to digital TV network. It recently received work from CAT and Thai PBS worth Bt100mn, bringing backlog to Bt600mn. It is negotiating with a partner to get into the set-top box business. (Tun Hoon, 04/02/14) IVL […]
Read More →CPF CPF buys Belgian food processor – SET-listed Charoen Pokphand Foods Plc plans to acquire a food operation in Belgium as part of its attempt to expand food investment abroad. Through its 99.99% owned holding firm CPF Europe SA, the company will next month pay Bt408mn for 80% of Tops Foods NV. The Belgian maker […]
Read More →AMATA AMATA land sales for 2013 ended at 1,000 rai. In 2014, it plans to focus more on land sales abroad, especially in Vietnam, to avoid the political turmoil in Thailand. It said that 3-4 customers are already waiting to sign a deal. (Khao Hoon, 06/01/13) Comments: AMATA’s business model is very simple, land sales, […]
Read More →BMCL MRTA not to take rights — The MRTA board decided that it will not take its rights in BMCL’s capital increase and will allow its holdings to be diluted to 14%. MRTA’s CFO and financial advisors said that the decision will have no impact on the company’s management as it already holds the concession. […]
Read More →AMATA New contracts to boost 4Q13 land sales — AMATA expects land sales in 4Q13 to surge, boosted by new contract signing. Currently, the company has 2,000 rai land ready to be transferred, and it is keeping its year end target land sales of 3,000 rai. It said it aims to invest in an industrial […]
Read More →ADVANC Cuts revenue target — ADVANC has lowered its revenue target for the year to 5-6% from 6-8% as it expects the slowdown in the economy to continue affecting earnings from 3Q13 through to 4Q13. (Khao Hoon, 20/11/13) Comment: And it looks like it will be the same story next year, management isn’t really open […]
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 →CPN Central Festival Chiang Mai opening November 14 — CPN will open Central Festival Chiangmai, its 22nd retail outlet, worth more than Bt7bn, on November 14. This will be the north’s largest shopping mall. The company will partner up on promotional campaigns. (Khao Hoon, 05/11/13) Comment: They are just dominating the upcountry area with their […]
Read More →CPALL Expects 13-15% sales growth — CPALL is confident that sales will grow by 13-15%, and insists that it will continue to expand despite the domestic consumption slowdown. (Khao Hoon, 03/10/13) Comment: The key story here is on how they are re financing their debts from the MAKRO takeover DTAC 3mn 3G customers — DTAC […]
Read More →