SET Update: Listed companies’ presentation during May 28 - June 1
With reference to the previous invitation to listed companies’ presentation about their Q1/2007 operational performance, kindly be informed that, on May 30, Kim Eng Securities (Thailand) will not be presenting as the company postpone its session to June 12 instead.
Please find an updated presentation schedule for the week of May 28 - June 1 below: Monday May 28, 2007
13:30 - 15:00 hrs. Indorama Polymers PCL (IRP)* 15:30 - 17:00 hrs. Central Pattana PCL (CPN), CPN Retail Growth Property Fund (CPNRF)
Friday June 1, 2007
13:30 - 15:00 hrs. Thai Industrial and Engineering Service PCL (TIES) 15:30 - 17:00 hrs. Professional Waste Technology (1999) PCL (PRO)
“The high levels for oil prices — even though they are off their peaks of August last year — are in effect mitigating the potential rating impact of various challenges facing the industry,” Moody’s says in a report released today. The report examines the outlook for ratings and the impact of oil prices, increased costs, expansion and acquisitions on the sector in Asia, excluding Japan. Authored by Terry Fanous and Alan Greene, both Senior Vice Presidents at Moody’s, the report is part of the Moody’s Industry Snapshot series, which offer succinct and incisive looks at particular sectors. “If rating changes or pressures emerge over the medium term, then they will more than likely be due to potential merger and acquisition activity as companies look abroad for new assets,” says Fanous. “The high oil prices are creating high levels of cash flow, which is enabling companies to fund reserve development with only limited incremental debt and thus keep financial leverage at a low-to-moderate level” Fanous adds. “Cost pressures from higher input prices will likely continue, exacerbated in some cases by increased development outlays to maintain production in more mature large fields,” says Greene. Generally, the sector’s companies remain competitive with their global peers on account of their well-established infrastructure, low labor costs and less complicated geology. Copies of the report titled “Stable Outlook Despite Rising Challenges” can be found at www.moodys.com