Saturday December 15, 2018 07:21

Stcoks Press Release : 14 Nov 2018

SET announces 63 listed firms, five CEOs nominated for SET Awards 2018 Stcoks—14 Nov 18

63 listed companies and five CEOs have been nominated for SET Awards 2018. The announcement and the award presentation, which is the fifteenth of its kind, will take place on November 27, 2018. SET President Pakorn Peetathawatchai said that The Stock

Fitch Ratings: Global Power Synergy Still on Watch after Appeal of Regulator Decision Stcoks—14 Nov 18

Bangkok--14 Nov--Fitch Ratings

The ratings on Global Power Synergy Public Company Limited (GPSC) remain on Rating Watch Negative (RWN) after the company said it submitted an appeal of the Energy Regulatory Commission's (ERC) order to block GPSC's acquisition of GLOW Energy Public Company Limited (GLOW), Fitch Ratings says.

Fitch said that GPSC's ratings will remain on RWN pending the outcome of the appeal. If GPSC ultimately proves unsuccessful in challenging the ERC's decision and the transaction does not go ahead, Fitch expects GPSC's ratings to be unchanged, given GPSC's financial and business profiles are broadly consistent with those prior to entering into the acquisition.

Should the appeal be successful, the ratings of GPSC would remain on RWN pending further progress in the acquisition. Fitch expects to resolve the RWN once the transaction is completed and there is a greater clarity on the long-term funding and post-transaction capital structure.

Fitch initially placed GPSC's ratings on RWN on 22 June 2018, based on the expectation that GPSC's financial profile will deteriorate, as leverage could worsen to levels that are not in line with its 'A+(tha)' ratings. The acquisition will be initially funded by bridging facilities, which will mature one year from the deal completion. The company plans to complete various

Fitch Affirms Makro#s Rating at #A(tha)#; Outlook Stable Stcoks—14 Nov 18

Fitch Ratings (Thailand) Limited has affirmed Siam Makro Public Company Limited's National Long-Term Rating at 'A(tha)'. The Outlook is Stable. KEY RATING DRIVERS Overseas Expansion Drives Rising Leverage: Makro's funds from operations (FFO) adjusted

Fitch Affirms CP ALL#s Ratings at #A(tha)#; OutlookStable Stcoks—14 Nov 18

Fitch Ratings (Thailand) Limited has affirmed retailer CP ALL Public Company Limited's National Long-Term Rating at 'A(tha)' with a Stable Outlook. Fitch has also affirmed the National Long-Term Rating of its secured bonds at 'A(tha)', the National

KTC achieves major milestone with a net profit of 3.911 billion Baht in Q3,with preparations in Stcoks—14 Nov 18

KTC declares a net profit for the end of Q3 of 3.911 billion Baht. Profits have grown 65 percent due to a surge in credit card spendings, receivables from credit cards and personal loans, along with the upholding of approval standards within appropriate

Photo Release: KBank and AIS support hospitals to make transition toward the Healthcare 4.0 Stcoks—14 Nov 18

Recently, at KBank Phahon Yothin Building, Mr. Wirawat Panthawangkul (right), KBank Senior Executive Vice President, and Mr. Yongsit Rojsrikul, Chief Enterprise Business Officer, Advanced Wireless Network Company Limited of AIS Group, signed a memorandum