DRT – To expand Khon Kaen plant — DRT has set Bt1.5bn as capex to expand its plant in Khon Kaen. This lightweight concrete block plant is expected to generate Bt200-300 mn in 2H13, leading to revenue growth of 10–15% YoY. (Khao Hoon, 22/01/13)
Comment: Despite the constant negative news regarding its asbesto use the potential government banning of it (its been going on for 6-7 years) this company continues to grow nicely.
PTTEP sets 2013-2017 capex budget at US$14.77bn — Thailand’s PTT Exploration & Production PCL (PTTEP) said Monday that it has set its five-year capital expenditure and operating expenditure budgets for 2013-2017 at US$14.77bn and US$9.90bn respectively. (Dow Jones Newswires, 21/01/13)
Comment: A major lagger in the market
SGP – Siam Gas sees 20% growth in revenue — Siam Gas & Petrochemicals Public Co., Ltd. (SGP) expects Bt60bn in revenue this year, up by 20% on strong sales in foreign markets after business acquisition is boosting foreign sales by 50%. SGP plans to use its gas supply in China to penetrate the Hong Kong-Macau market, according to SGP’s Director and Managing Director, Supachai Weeraborwornpong. (The Nation, 22/01/13)
Comment: This co really came out of nowhere and has continuously surprised us with its strong performance
TVD – Opening up to e-commerce — TVD will open an e-commerce website in 1Q13 to support an online channel. The company is confident it will achieve its targeted Bt70mn in online sales due to its strong branding, positioning, and marketing campaign. (Khao Hoon, 22/01/13)
Comment: Hmmmm, why would anyone choose to buy from them…