SET SPOTLIGHT:
MINT confident 2008 earnings to grow 15-20% as planned; expect 5-yr profit growth target of 20%
Minor International is confident that it will be able to post the annual earnings growth of 15 – 20% this year as planned mainly due to promising tourism business outlook.
It also set aside a total investment budget of 17 billion baht for the next 5 years to expand its hotels and restaurants.
The company is now hopeful it will enjoy an annual profit growth of 20% from 2009 - 2013.
However this evening, MINT share closed almost 1.5% lower at 14 baht apiece.
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THL plans to delete accumulated losses by end of 2008
Tongkah Harbour Public expects to erase all its accumulated losses of some 100 million baht by the end of this year by utilizing the company’s consolidated operating profits.
It said in Q2-08 alone, the company has already registered a net profit of almost 30 million baht.
Tongkah is also adamant to delivery a total of 2 thousand ounces of gold per month to Deutsche Bank from March 2008 to February 2009 as agreed.
But at the closing bell, THL lost more than 4% still and closed at 1.63 baht.
SET HILIGHT:
LH: Land and Houses
XD @ THB0.15 Payout 4 Sept 08
SCCC: Siam City Cement
XD @ THB6.50 Payout 5 Sept 08
BH: Bumrungrad Hospital
XD @ THB0.40 Payout - TBA
MAKRO: Siam Makro
XD @ THB3.00 Payout – TBA
SET DATEBOOK:
19 Aug 2008: Fuel Price Cut ( THB0.60): (PTT-Shell)
Diesel THB33.04/Liter
19 Aug 2008: BoJ Meeting on Interest Policy
21 Aug 2008: FTI Release of July Industrial Sentiment Index