DT GROUP REVENUE
213% growth expected
Magnolia Quality Development alone to bring in Bt1 bn
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A-minus for IPRC debentures
Fitch Ratings yesterday gave IPRC's upcoming Bt7-billion, seven-year unsecured and unsubordinated debentures due in 2014 an A-minus rating.
IPRC earlier received an F2 rating and the agency said the outlook for the company was stable.
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Baht to keep on strengthening: SCB
The baht could top Bt34 against the greenback if the Bank of Thailand lifts its reserve withholding rule and eases its control over currency trading by banks, Siam Commercial Bank (SCB) said yesterday.
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Company reports
ASCON CONSTRUCTION said ASZ Joint Venture - owned by the company, Strabag and Zublin (Thailand) - on Monday was awarded a Bt488.54-million contract with Uthai Thani town for the construction of its municipal wastewater treatment plant.
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STOCK FOCUS
MCOT
Kim Eng Securities (Thailand) has upgraded its recommendation on MCOT shares from "buy on weakness" to "buy", with a fair value of Bt38.50 apiece.
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Thai Bev under pressure on several fronts: Citigroup
Thai Beverage, the country's largest alcohol company, is facing looming threats, primarily involving its dependence on the domestic market but also regulatory changes which could threaten its earnings, according to Citigroup Global Markets/Equity Research.
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E-ticket delay
Member airlines of the International Air Transport Association (IATA) say they will take five months longer than scheduled to implement interline e-ticketing, which was expected to be complete by the end of the year.
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Young Thai designers
The Export Promotion Department will arrange a stage to allow young fashion designers to present their creations to local garment-makers and foreign buyers.
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Oneworld income soars
Oneworld revenues from fares and other sales rose by more than 10 per cent to US$675 million (Bt23.4 billion) last year, helping it maintain its record as the most financially sound airline network.
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Late news :Petronas stalls investment
Petronas (Retail) Thailand will delay its investment plans over the next two years, due to fierce competition in the Kingdom's retail oil market.
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Cotton USA signs up Lee jeans
Cotton USA recently expanded its licensee base, clinching a deal with Lee as its latest brand-name jeans.
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Pure Place malls to cut travel costs
The launch of the first Pure Place community mall at Rangsit Klong II last week is to be followed up with four or five more branches within the next five years.
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Thai ads may not fare so well
Thai advertising entries may not do as well at this year's Cannes Ad Festival, because the international industry has become too used to the local sense of humour, three experts said yesterday.
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EXHIBITIONS
Reed Tradex looking east
Vietnam office to target country's rapid expansion
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Electricity to cost less as tariff is cut
The fuel tariff (FT) for June-September will be slashed 5 satang per unit, resulting in electricity charges of Bt2.93 per unit for the period.
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WSI targets 20% sales growth this year
Wall Street Institute Inter-national targets sales growing 20 per cent to US$300 million (Bt10.39 billion) this year, partly from geographical expansion by the Thai master franchisee of its English language school.
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Law drafted on FTA negotiations
The Thailand Development Research Institute (TDRI) has drafted legislation on the procedure for trade and investment treaty-making as a manual for officials negotiating free-trade agreements.
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Consumption of alcohol, cigarettes still on the rise
Alcohol and cigarette consumption is still rising even though the government has stepped up its campaign against harmful products, the Excise Department said yesterday, commenting on higher-than-expected revenues in these areas.
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CHAROEN POKPHAND
CP expects slow '07 sales growth
Cites politics, lower consumption
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Univentures restructures
The Sirivadhanabhakdi family will take over 52 per cent of residential developer Univentures - 29 per cent from capital-increase shares and the remainder from shares of existing shareholders.
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Service-trade franchises get Japan boost
The Export Promotion Department and the Japan External Trade Organisation (Jetro) are promoting franchises of Thai service-trade business in Japan, including spas and restaurants.
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STREET WISE
Where was the THAI boss?
Vancouver, Canada, was a busy place last week, with hundreds of airline representatives from around the world gathering for an annual summit hosted by the International Air Transport Association (IATA) - the official worldwide grouping of airlines.
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Opportunity in uncertainty
Patient mutual-fund chief says Aberdeen is in no hurry to expand in Thailand but would rather enjoy the learning experience as the Kingdom grapples with changes
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