Stocks in the news (scc, oishi) 30.05.13

OISHI

OISHI has reset its sales target at Bt14bn, down from the earlier Bt15bn. It expects food to contribute 42% and beverages 58% this year

Comment: Looks like the company is still yet to full recover from the floods in 4Q11

SCC

SCC buying more in sanitaryware, paper — The SCC board has given the nod to some new investments involving its paper unit and sanitaryware. Thai Containers Group Co Ltd (70:30 JV between SCG Paper PCL and Rengo Co Ltd (Japan)) will spend Bt888mn to acquire 75% in Dyna Packs Co Ltd and Orient Containers Co Ltd. Both are Thai producers of corrugated containers with combined capacity of 121K tons/year (+14% to existing capacity for Thai Containers Group Co Ltd). It will also boost its stake in Siam Sanitary Ware Co Ltd to 71.4% (from 35.7%) and The Siam Sanitary Fittings Co Ltd to 90.6% (from 44.8%), for Bt2.6bn, transferring from Toto Group. Meanwhile, SCC’s entire 40% stake in Toto Manufacturing (Thailand) Co Ltd will be transferred to Toto Group for Bt368mn. (SET)

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