THURSDAY, March 28, 2024
nationthailand

Padaeng explores stakes in renewables

Padaeng explores stakes in renewables

Padaeng Industry Public Company Limited (PDI) is confident that its 2018 revenue and profits are trending positively, but the results may not be as high as last year’s.

The company's managing director Francis Vanbellen said the company is stepping up its quest for investments in the renewable energy business. 
Currently, PDI has a solid financial position, with an investment budget of Bt2 bn. 
Most likely that company will invest more in renewable energy business this year, as it seeks to expand its solar capacity by another 100 megawatts.
 “Our renewable energy business has progressed well and we expect to make additional investments in this area in the second half of 2018,” Vanbellen said. “Moreover, additional investments in environmental management and materials recycling are being explored. PDI is considering acquiring potential companies with attractive returns on investment to generate sustainable revenues and profit.” 
Vanbellen added that the company’s prospective performance in 2018 is positive, with future revenues and profit to be mainly generated from renewable energy and zinc trading businesses. Also, additional returns on the sales of assets maybe expected. PDI ended its traditional zinc production business last year. The company has set a target of trading 50,000 tonnes of zinc metals in 2018. 
On May 18, 2018, PDI registered its capital increase with the Ministry of Commerce from Bt2.260 billion to Bt3.013 billion by issuing 75,333,333 new ordinary shares with 10-baht par value for a total of Bt753,333,330 to accommodate the conversion of PDI-W1 warrants, at an exercise price of Bt33. This capital increase will help the company set a strong financial structure for future business expansions. 
In the first quarter of 2018, PDI recorded revenue of Bt1.289 billion and a net profit of Bt97 million, down from the same period last year when it posted a net profit of Bt313 million. This was due to PDI closing its conventional zinc business last year, as it has entirely switched its business model to zinc trading. 

SCOOT 
Singapore-Berlin service 
marks 4th Europe route 

A year after Athens, low cost airline Scoot has launched its third long-haul destination with non-stop, four-times-weekly, Singapore-Berlin flights
The low-cost arm of the Singapore Airlines (SIA) Group kicke off the inaugural flight to Berlin yesterday.
The capital city of Germany is Scoot’s third long-haul destination after Athens in Greece and Honolulu in the United States, both routes were launched last year.
Lee Lik Hsin, Scoot’s CEO, said, “With the addition of Berlin just a year after we successfully launched Athens, and then Honolulu, Scoot’s low-cost long-haul network continues to grow at a steady pace. Vibrant, creative and steeped in history, we are confident that the city of Berlin will appeal to any market or demographic, and open a new and exciting part of the continent for travellers.”
 Scoot’s spacious and comfortable state-of-the-art 787 Dreamliners offer several amenities and services suited to long-haul travel. 
 Scoot’s extensive route network currently spans 65 destinations across 18 countries and territories, with Nanchang to join next |month. 
Its fleet of 17 787 Dreamliners and 24 Airbus A320 family aircraft, with three more Boeing 787 Dreamliners and 39 Airbus A320neo aircraft on order, is slated to increase to about 70 aircraft by 2022. 
With the addition of Berlin, the SIA Group network in Germany now encompasses four cities, including Dusseldorf, Frankfurt, and Munich, with a total of 29 return services a week.

GUNKUL SUBSIDIARY 
Mittraphap Wind Farm starts 
commercial operation 

Gunkul Engineering's subsidiary Korat Wind Energy Co Ltd has successfully started the commercial operation of Mittraphap Wind Farm Project with a total capacity of 50 megawatts yesterday.
Mittraphap Wind Farm Project is located in Nong Nam Sai Sub-district, Sikhiu District, Nakhon Ratchasima province.
FITBIT ACE
Wearable tech tackles 
child screen addiction 

Fitbit, the global wearable exercise brand, has launched its Fitbit Ace in Thailand for Bt3,490. Designed for over-eights, Ace motivates the owner with customisable step, active minutes and sleep goals, celebratory messages and badges, and challenges for the whole family. 
With an adjustable, showerproof wristband available in two colours and up to 5 days’ battery life, Ace is designed to keep pace with children’s lives. With Ace, parents are in control and can manage who their children connect with and what information they see in the Fitbit app that will best motivate them. 
With childhood obesity rates rising and two in three children inactive every day, parents are looking for ways to encourage a more healthy, active lifestyle. According to a Fitbit study, 58 per cent of parents cite screen time as a challenge in getting children to be active. 
Seventy-five per cent of parents said they are interested in the use of fitness trackers to encourage activity. 
“Fitbit Ace opens up a direct line of communication across the family to help parents and their children understand how physical activity impacts overall well-being and health,” said Dr Ryan Rhodes, director of behavioural medicine at the University of Victoria, and member of the Fitbit advisory panel. “When parents have insight into their kids’ activity, they are better positioned to then promote less screen-time and more physical activity in a fun and motivating way.”
  DOD BIOTECH
R&D firm makes Debut on the MAI xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

DOD Biotech, a dietary supplement manufacturer, made its debut in the Market for Alternative Investment (mai) yesterday under the ticker symbol “DOD”.
 The company has a market capitalisation at its Initial Public Offering (IPO) of Bt3.81 billion.
 DOD BIOTECH
R&D firm makes MAI debut 

DOD Biotech, a dietary supplement manufacturer, made its debut in the Market for Alternative Investment (MAI) yesterday under the ticker symbol “DOD”.
The company has a market capitalisation at its Initial Public Offering (IPO) of Bt3.81 billion. DOD managing director Supamas Isarabhakdi said recently that the company focused on research and development, teaming up with academics from both public and private sectors to create new manufacturing formula and developing products to keep pace with demand in line with dietary supplement market trend. The fund raised would be used to invest in an ingredient extraction plant and international standard research laboratory, develop new brands, for loan repayment, and as working capital.
 

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