Share We initiate coverage on EASTW with a rating of Outperform and a DCF based target price of Bt8.80. It is our top pick due to its strong dividend yield of 7-9% on our FY12-13F supported by strong earnings growth of 11-23% for FY12-13F from its concession business, increasing net profit margin driven by its [...]
Share Most defensive sector among the dividend plays We see Thailand’s water sector as the most defensive among the dividend plays, even compared to power developers. This is due to a sustainable strong dividend from continuously increasing earnings secured under long-term concessions with the government. The sector is an oligopoly dominated by a small number [...]
Share Tesco Lotus, in partnership with Ayutthaya Province, today [Saturday 26th November] hosted a ‘Big Cleaning Day’ at Ayutthaya, which saw [over 1,000] staff and customers joining together to help clean the province’s important historical sites. Rubbish collection took place in the site’s temples, as well as road clearing, with Tesco Lotus staff giving their [...]
ShareDeputy Prime Minister Chalerm Yoobamrung on Thursday said he will continue to push for an amnesty law which will pave the way for ousted prime minister Thaksin Shinawatra to return home. The move however would kickstart only after the government’s campaign against drugs and the cases of 91 Red Shirt protest-related deaths have concluded with [...]
Share Almost four thousand workers lost their jobs at flood-wrecked plants in this historic former capital, according to the Ayutthaya provincial labour chief. Wannarat Srisuksa, chief of the Ayutthaya labour protection and welfare office, on Thursday said so far 14 companies have laid off 3,787 workers after experiencing the most severe flooding in decades. But [...]
SharePathumthani- November 24, 2011 Mitsubishi Motors Thailand to show all Mitsubishi models including the new Mitsubishi Triton 2.5 VG Turbo 178 HP, Pajero Sport, Lancer EX and Lancer 1.6 L. at the 28th Motor Expo at IMPACT Arena Muangthong Thani during December 1-12, 2011. Mr. Nobuyuki Murahashi, President of Mitsubishi Motors (Thailand) Co., Ltd. [...]
Share Tesco Lotus is presenting 2,000 “house clean-up packs” to flood victims for them to recover their houses in the “Big Cleaning Day” activity, under the Tesco Lotus 1 Million Hours project. On November 26, 2011, over 1,000 Tesco Lotus executives and staff are joining communities to clean up flood-affected areas at Wat Ratchaburana, Sichon, [...]
Share In registering a new business or investing in either a new or existing business, all investors hope for the greatest outcomes. However, their dreams do not always come true. Some investors face nightmares either from expected or unexpected losses. The loss might be severe enough for the business to seek dissolution. Therefore, Thailand company [...]
ShareSingapore, November 22, 2011 — Moody’s Investors Service says it is maintaining its stable outlook for Thailand’s banking system, given that the economic impact of the floods will likely be temporary and that the fundamentals of Thai banks remain robust. “In coming to a stable outlook, we weighed the impact of the difficult operating [...]
ShareMr. Osamu Masuko (3rd from left), the President of Mitsubishi Motors Corporation, Japan featured with his executive management for a courtesy visit to Miss Yingluck Shinawatra, Prime Minister at the Purple Room of the Prime Minister’s Office recently. At the same occasion, the company also handed over the donation in the amount of THB.12 Million [...]