Stocks in the news (anan, aot, dtac, erw, fss, mcot, thana) 18.07.13

ANAN – Ananda plans Bt20bn projects in second half – Ananda Development, confident of the continuing strength of residential demand, plans to launch condominium projects worth more than Bt2bn over the remainder of the year. (The Nation, 18/07/13)
AOT cutting par value — AOT is to reduce par value from Bt10.00 to Bt1.00 after prices have increased to Bt180.00 to increase liquidity. Financial institutions said that after the reduction in par value, AOT shares would increase by 14.285bn shares and share prices will be no less than Bt20.00. Management is confident that revenues this year will increase by 5%, supported by the rise in passengers to more than 57mn. It is also to increase the non-air revenue proportion by 50%. (Khao Hoon, 18/07/13)
Comment: This would explain why the stock price has been attractive for retail investors recently, everyone seems to love a stock split

DTAC poised for fiercer price wars as 3G spreads – Total Access Communication (DTAC) expects to see fiercer competition in both 3G and 2G voice and data services due mainly to the ongoing expansion of 3G networks, the firm’s chief marketing officer Sigvart Voss Eriksen said. (The Nation, 18/07/13)
ERW Erawan branches into budget hotels – The Erawan Group, a listed hotel developer, is spending Btbn on expanding its network into the budget-hotel segment with 30 openings through 2015 under its new HOP INN brand. (The Nation, 18/07/13)
Comment: ERW is the best institutional-style investor in hotels in Thailand.
FSS Good 2Q13 reported — FSS report strong 2Q13 earnings of Bt100mn, driven by overflows of IPO deals. It expects growth to continue through 3Q12 after closing a deal to sell licenses in Asia worth Bt600mn and booking profit of Bt100mn. (Khao Hoon, 18/07/13)
Comment: Every brokerage firm is going to perform well this year because of the increase in average daily value traded on the SET
MCOT: To sign sub-licence deal for EPL. MCOT expects to seal a 3-year sub-licence deal with CTH next week to broadcast 17 live matches per season from EPL on its Modernine TV channel. (Source: The Nation)
THANA getting ready for AEC — THANA is preparing for the opening of AEC by launching “Siri Village Sakhonnakorn-Airport” project, a 34-unit Thai-house-styled resort, with starting prices at only Bt1.79mn, worth Bt70mn. (Khao Hoon, 18/07/13)
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