Stocks in the news – (JAS, PTTGC, SCC, TKS) 11.12.12

To cut shares on issue — JAS will submit its capital decrease issue to the board tomorrow (12 Dec) via the repurchase of 106.85mn shares. This will increase its earnings per share by Bt0.30/share based on projected profits of Bt2 bn in 2012. JAS is also a candidate to be added to the SET50 calculation as announced by SET in mid Dec 2012. (Khao Hoon, 11/12/12)

Comment: Everyone’s darling stock for the past 12 months. This will only boost the stock price for the next few months


PTTGC to invest in US$5bn Java complex — The SET-listed PTT Global Chemical Plc (PTTGC) signed a memorandum of understanding with Indonesia’s national oil company, PT Pertamina (Persero), to invest jointly in a US$5bn integrated oil refinery and chemical complex on Java. Anon Sirisaengtaksin, chief executive of PTTGC,majority-owned by giant PTT Plc. said PTTGC plans to diversify its business into downstream specialties and green chemicals. More details are not yet available, but an official agreement is expected to be signed by the two in April. (Bangkok Post, 11/12/12)

Comment: Continue reading Stocks in the news – (JAS, PTTGC, SCC, TKS) 11.12.12