Lots of cash, plans to buy hospitals — CHG currently has over Bt390mn cash in hand and plans to acquire 1-2 new hospitals. Its revenue and profit are expected to grow at 20%. (Khao Hoon, 26/09/13)
Comment: Still curious about the management share sales, which have been substantial, first thoughts go to BGH buying in, not sure though.
Clearing up listing misunderstanding — The earlier report that CPF wants to list on the NYSE was a misunderstanding. What it does intent is to list on Dow Jones Sustainability Indexes (DJSI). CPF also said that bird flu will not affect its production, as it retains full confidence in its quality control and production standards. The company restated that poultry exports will grow 15-20%, pushing revenue to grow 5-10%. (Khao Hoon, 26/09/13)
Plans to list next year — Pay-TV operator CTH plans to do an IPO and list on the SET in 2015, although admitting that it might revise its sales target because of some difficulties with set-top box installations and piracy. But it says its long term plan to break even within three years is still on track. (Khao Hoon, 26/09/13)
Comment: A major player, however the impact on True hasn’t been as negative as I initially thought as we’ve found that the majority of people are using CTH as an add on to their existing True service
Continue reading Stocks in the news (chg, cpf, cth, mcot, scc, sena, tta) 27/09/13