Stocks in the news (aav, bec, cpall, gfpt, salee, samtel, singer, tmb) 20.09.13

AAV
Joint venture with AirAsia X — AirAsia X says it has set up a joint venture company with Air Asia Thailand and the advisor to the prime minister called Thai AirAsia X. This is the first time that AirAsia has entered into a foreign partnership. (Khao Hoon, 20/09/13)
BEC
Ad slots full — BEC sales its ad slots are full, and expects a better second half than first in 2013. BEC says it has over Bt6bn cash and is ready to bid for new digital TV channels. (Khao Hoon, 20/09/13)
CPALL
Debenture issue ahead — CPALL will issue debentures of no more than Bt90bn for foreign investors and the general public this year. It plans to take the proceeds to repay its loans and use as working capital for the business. (Khao Hoon, 20/09/13)
Comment: Zero risk of a cash call for CPALL
GFPT
Aiming at #3 spot — GFPT’s management says it is aiming to rise to #3 in terms of market share both at home and abroad. It also is looking for opportunities to open facilities in AEC. 3Q13 earnings will get a boost from higher poultry prices and increase in demand from EU and Japan. (Khao Hoon, 20/09/13)
Comment: Have been tremendously impressed by this chicken company, its ability to have grown so well over the past 10 years is astounding, plus they’ve shown the fiscal responsibiity by being able to survive the crash in chicken prices last year 
SALEE
Ups holding to 100% in Salee Pago Printing — SALEE has announced the acquisition of the remaining shares in Salee Pago Printing from Pago Holding AG, raising its shareholding to 100% from 70%. It sees good prospects for the printing business, with steady order flow. (Khao Hoon, 20/09/13)
SAMTEL
Backlog Bt10bn, 3Q13 excellent — SAMTEL announced that it expects 3Q13 earnings to be excellent with backlog approaching Bt10bn. It also announced that it won a computer network development contract worth Bt492mn with AOT. (Khao Hoon, 20/09/13)
SINGER
Expects new high in 3Q13 — SINGER anticipates 3Q13 earnings to hit a new high despite low season. Sales are expected to exceed Bt1bn and net profits to increase 68.8% YoY. (Khao Hoon, 20/09/13)
Comment: Commented on SINGER sometime already this week, still like the co, just worried about the upcountry headwinds
TMB
TMB Bank signs deal with IFC – TMB Bank has become the first Thai bank to join hands with the International Finance Corporation (IFC) to support Thai traders to grow in emerging markets amid weakening exports and the slow recovery of advanced economies. The bank signed an agreement with the World Bank unit under the Global Trade Finance Program yesterday. (Bangkok Post, 20/09/13)
Comment: Nice to see this, hope other thai banks will start to look more internationally , when I see malaysian banks expanding throughout the region I can’t help but wonder why Thai banks aren’t doing it as well. 
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