SET SPOTLIGHT:
BAFS expects marginal 2008 profit growth of less than 1% due to fuel demand slowdown
Bangkok Aviation Fuel Services expects to record a small profit growth of less than 1% in 2008 from 4.59 billion liters last year after it has experienced a significant decline in fuel demand.
The company said Thai Airways’ demand for fuel has fallen 10% while that of Nok-air and One-Two-Go dropped by 2-3% this year.
Surging oil price and economic slowdown were simply blamed for such a pessimistic outlook.
BAFS share price ended more than 1% lower at 8.50 baht.
SET HILIGHT:
SHIN: Shin Corporation
XD @ THB1.15 Payout 11 Sept 08
PSL: Precious Shipping
XD @ THB0.75 Payout 11 Sept 08
CPNRF: CPN Retail Growth Property Fund
XD @ THB0.2155 Payout 15 Sept 08
SET DATEBOOK:
27 Aug 2008: Bank of Thailand Monetary Policy Committee Meeting
29 Aug 2008: Bank of Thailand Release of July Economic Data