Free warrants — CHO plans to offer free warrants to existing holders, in hope to bolster its capital base. The company is to propose and wait for the shareholder’s approval at the Extraordinary General Meeting of Shareholding on Oct 16. (Khao Hoon, 23/09/13)
Comment: Every thai trader/shareholder loves free stuff.
DTAC sees large pent-up demand for 4G wireless broadband service – Total Access Communication (DTAC) said there is broad potential demand from subscribers in its network for a wireless broadband 4G service. (The Nation, 23/09/13)
Recovery in 2H13 — IVL expects recovery in its business in 2H13, supported by seasonality and higher demand for PTA, pushing its revenues up to reach target growth of 15%. The company has increased its capacity from its original 7mn/ton/yr to 8mn/ton/yr and points out that costs have dropped drastically by US$150mn. (Tun Hoon, 23/09/13)
Comment: Its a cyclical game for IVL, some say that have over expanded, we say that they expanded by taking over troubled smaller competitors inorder to boost their global footprint further and have the correct mindset to ensure that they can survive a downturn in their industry for a long time. Continue reading Stocks in the news (cho, dtac, ivl, slc, threl, tmb, ttcl) 23.09.13