AsiaNet Daily Summary - Press Releases for Tuesday, May 30, 2006
BLOOMBERG SYSTEM…
NEW YORK - Bloomberg, the leading global provider of data, E-BOND PLATFORM…
NEW YORK - Bloomberg this week announced that the Bloomberg MICROTEC SOLUTION…
DUISBURG - MicroTEC has developed a new solution for CHINA MEDIA…
BEIJING - Mooter Media Limited announced the execution of ASIA DEKOR…
SINGAPORE - Mainboard Listed Asia Dekor Holdings Limited, a (AsiaNet is a consortium of leading news agencies
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The company’s forward integration into a variety of downstream products is expected to support earnings growth and reduce earnings volatility in the long term. PTTCH’s ratings are also underpinned by its relatively strong financial position. Despite its large investment plan which should result in an increase in its debt levels and financial leverage from the existing low levels, PTTCH is expected to be able to manage its financial leverage during 2006 to 2010 at a relatively comfortable level at less than 2.0x for net debt/EBITDA ratio, which is consistent with PTT’s financial guidelines. The ratings also take into account the cyclical nature of the petrochemicals industry, execution risks arising from new downstream projects, its large investment plans amid a less favourable operating environment as well as its relatively high exposure to single market. For more information please Contact: Orawan Karoonkornsakul, Lertchai Kochareonrattanakul, Vincent Milton; Bangkok, Tel: +662 655 4755.