Stocks in the news (ah, ratch) 29.05.13


Aapico sure of strong growth — AH expects positive growth for the rest of this year based on the solid car sales in the first quarter. President Yeap Swee Chuan said the Thai car industry will likely continue to rise, with 2.5mn vehicles expected to be produced and sold this year. Its Ayutthaya factories, completely flooded in 2011, are now back at full production capacity, equipped with new machinery, he said. (Bangkok Post, 29/05/13)

Comment: The President had been buying up a lot of shares in his co during the 1q13. 


New targets — RATCH said it is keen to buy a stake in Australia’s Macquarie Generation and two more power firms as part of a drive to expand into overseas markets. Macquarie Generation is one of a list of firms that New South Wales aims to privatize. Macquarie Gen’s two main coal-fired plants have capacity of 4,640MW. (Bangkok Post, 29/05/13)

Comment: Its quite rare to see a government enterprise expand as capably as RATCH has over the past 5 years

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