Stocks in the news (EARTH, KTB, MJD, PTT, SCCC, TCCC, VGI) 25.12.12

EARTH
Raises capital to buy mine in Indonesia — EARTH increased its capital by 1.47bn shares to acquire a coal mine in Indonesia. The company said the dilution affect is 10% and it is confident that revenues this year will exceed Bt8 bn from 4 million tons of coal sales. It expects revenue growth of 20% in 2013. (Khao Hoon, 25/12/12)
Comment: I always find commodity plays interesting, this could be worth a look

KTB
KTB charts Myanmar expansion — The state-owned Krung Thai Bank is looking to form a joint venture in Myanmar following the successful launch of its representative office in the neighboring country. (Bangkok Post, 25/12/12)

MJD
Confident in revenue target — MJD is confident that it will reach its 2012 revenue target with revenues of Bt2.7bn. The company plans to launch two projects worth Bt4 bn in 2013. Currently, MJD has backlog of Bt5-6bn and expects to book all of this next year. (Tun Hoon, 25/12/12)
Comment: This company has yet to prove itself as a strong property developer, if anyone is looking at it, don’t consider it more than just a trade

PTT
Big investment plans — PTT Plc, the largest listed company on the Stock Exchange of Thailand, is set to invest about Bt367bn over the next five years, the energy flagship said in its filing to the bourse late on Friday. Its board of directors approved capital expenditure of Bt366.74bn for 2013-17. The investment is slightly up from Bt350bn approved for 2012-16. About Bt111bn will be allocated to its natural gas business, with Bt51.38bn for investment in oil and international trading. (Bangkok Post, 25/12/12)

SCCC
Ratanaraks returning to former prowess — The Ratanarak family has recouped some of its past glory, building up a stake in Siam City Cement – one of its major assets that it had to divest partially in the aftermath of the 1997 financial crisis. (The Nation, 25/12/12)
Comment: Great news for the Ratanarak family. I doubt that this has any impact on operations of SCCC, holchim itself has been required to liquidate assets globally

TCCC
TCCC says its business arena is growing — TCCC said the chemical fertilizer business is on the uptrend, pushing 4Q12 to be outstanding compared to 3Q12 profit of Bt427 mn. The company plans to export to neighboring countries such as Myanmar, Laos, and Cambodia. It targets revenue growth of 30% YoY in 2013. (Tun Hoon, 25/12/12)

VGI
Expects 15-20% growth in 2013-2014 — VGI forecasts the advertising industry to grow 8-9% in 2013 from an estimated Bt110 bn in 2012. Management is confident that it will be able to grow 15-20% YoY in 2013-2014. (Khao Hoon, 25/12/12)
Comment: fantastic business this company has, just unfortunate that so little was floated and that the price shot up so quickly on it’s first few weeks of trading

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