IRPC reports improving 2Q09 results as expected (Source: SET) For the second quarter of 2009, the company reported a net profit of Bt2.44b, translating to Bt0.12/share, down by 52.7% YoY but increasing by 49.4% QoQ. IRPC reports improving 2Q09 results as expected (Source: SET) For the second quarter of 2009, the company reported a net profit [...]
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Precious Shipping plans US$550m ship-buying scheme (Bangkok Post)
SET-listed Precious Shipping Plc (PSL),Thailand’s second largest dry bulk carrier, will start its US$550m buying programme for second-hand ships when shipping rates fall to 2,000 points on the Baltic Dry Index. “We are expecting the rates to decline further when significant supply of new ships arrives the market later this year,but not to the level [...]
Skytrain operator turns developer (Bangkok Post)
Operator to invest B10bn in three hotels. Bangkok Mass Transit System Plc (BTSC) is entering the property business to strengthen itself and prepare for possible uncertainties after its skytrain concession expires in the next 20 years.The five-star Langham Place Phayathai, targeting tourists and business travellers, is among three hotels that BTSC plans to build to [...]
Kasikorn Bank keen on trade finance (Bangkok Post)
KBank keen on trade finance-Kasikornbank is aiming for 36% growth rate in its international trade business this year, despite the decline in the country’s exports and imports. Songpol Chevapanyaroj, a KBank first senior vice-president, said the bank expected international trade business volume would increase to 3.4 billion baht this year, or 25% of the market. [...]
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CAT forecasts 10% drop of overseas call service revenue
CAT forecasts 10% drop of overseas call service revenue- CAT Telecom Plc has expected a 10-per-cent drop of its international call service revenue this year to Bt5.9 billion, due mainly to fierce competition from private cellular operators.
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Kim Eng’s 2Q 2009 net profit below forecast (SET)
Kim Eng’s 2Q2009 net profit below forecast- Kim Eng Securities, Thailand’s top broker by market share posted a net profit of Bt233.44m in 2Q09. The profit figure was up as much as 407.37% QoQ and 34.49% YoY. First-half 2009 net profit came in at Bt305.68m, down 17.92% YoY.
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Thai Airways sees return to profit on the horizon (The Nation)
THAI sees return to profit on the horizon- Thai Airways International’s board of directors on Friday will discuss details of the 5-10 business restructuring plan, including the target to cut this year’s expenses by as much as Bt11.84b and the purchase of new aircraft. THAI acting president Narongsak Sangapong said the plan would also include measures [...]
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Thai Airways Cuts Non-Fuel Expenses
Thai Airways International Pcl, the nation’s biggest carrier, said it cut expenses not relating to fuel by 19 percent from January to May
Central Department Store trims sales growth target
Central Department Store has cut its sales growth target this year to between 5% and 6% from 9% earlier because of several negative factors.
Thai Bank NPL fell slightly
The banking system’s nonperฌforming loans eased to 5.37 per cent of total loans last month from 5.5 per cent in May and 5.48 per cent in March, indicating improving ecoฌnomic conditions.
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