Stocks in the news (ck, erw, grammy, robins, tuf) 05.03.13


CK targets 20% share of projects — Ch. Karnchang Plc (CK) expects to win 20% of the government’s planned Bt2tn infrastructure projects, boosting its revenue by 10-15% annually over the next seven years. It targets its revenue to grow from Bt18bn last year to Bt25bn this year and to Bt28-30bn in 2014. CK expects to book a one-time gain of Bt2.2bn from the recent sale of its 11% stake in Thai Tap Water Plc. (Bangkok Post, 05/03/13)

Comment: Two key things driving this stock at the moment, first is its restructuring and ability to recognise the value of its holdings and second is the infrastructure spending that will be coming through next year


Erawan expects profit to grow along with tourism — Erawan Group preliminarily estimates revenue from its hotel and space-rental businesses to grow 15% this year, the same as last year, and its net profit to be higher, thanks to the continuing rise in visitors to Thailand. (The Nation, 05/03/13)

Comment: Loved this stock @ 2, out now :) 


Revenues shot above Bt10bn last year — GRAMMY revenues exceeded Bt10bn in 2012 and it plans to expand its satellite platform and offer full business service. The company is also targeting to put HD boxes on the market this year. (Tun Hoon, 05/03/13)

Comment: We’re currently going through every nook and cranny of this new digital satellite industry trying to understand what exactly is going on, there is still quite a fair bit of confusion regarding which players will benefit, which players will use free to air tv, the impact of True’s cable, more clarity will hopefully be provided by the NBTC during this month


Boosting stores by five each year — ROBINS announced that it will invest Bt4bn this year to expand its stores, aiming at five new stores each year, starting in Kanchanaburi and Ubon Rachathani. It will also conduct a study in April as it plan to expand overseas in preparation for the opening of the AEC. Revenues are expected to increase by 10% this year. (Tun Hoon, 05/03/13)


TUF allots B18bn for expansion — Thai Union Frozen Plc (TUF) is doubling its annual capital expenditure to Bt6bn per year over the next three years to expand its production capacity and penetrate more ASEAN markets. (Bangkok Post, 05/03/13)

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