Stocks in the news (becl, kce) 19.06.13

BECL

EXAT approves hikes in toll fees — The Expressway and Rapid Transit Authority of Thailand board has approved a proposal seeking the raise tolls for the urban and suburban expressways by at least five baht. EXAT governor Aiyanat Tinapai said the toll increase for the urban expressway network will come into force on September 1 and the toll hike for the suburban network will take effect on Nov 1. (Bangkok Post, 19/06/13)

Comment: Well no real surprises here, things are supposed to be cleared up by August

KCE

KCE allots Bt4.7bn for plant — KCE plans to more than double its production capacity by building a Bt4.67bn factory in Bangkok’s Lat Krabang district on 20 rai adjacent to its existing plant in Ladkrabang Industrial Estate. MD Bancha Ongkosit said the new factory, with a production capacity of 2mn sq ft per month, will serve rising demand from existing and new customers when it is fully operational in three years. (Bangkok Post, 19/06/13)

Comment: The company has recovered very well from the floods in 4Q11, and despite the global economy issues, its order book has continued to grow well

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