Stocks in the news (cho, dtac, ivl, slc, threl, tmb, ttcl) 23.09.13


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.


Spending Bt1bn to bid for digital TV — SLC plans to spend Bt1bn in the digital TV auction and will be looking for a partner for this business. It hopes to win a news channel and expects revenues for the year to reach Bt300mn as targeted. The company also targets 2014 revenue of Bt450mn, with profit from digital TV starting in 2015. (Khao Hoon, 23/09/13)

Comment: Well they need a partner, their capital base is too small for this


IPO price Bt9.50 — THREL has set its IPO price at Bt9.50/share, with sales to existing shareholders on Sept 23-25 and to the general public on Sept 26-27 and 30. It expects to begin trading on Oct 9. Parent THRE plans to use the proceeds to make up for the impact from the flooding. (Tun Hoon, 23/09/13)

Comment: Great news for THRE.


TMB counts on megaprojects to increase corporate loans – TMB Bank hopes to see corporate term loans make up half of outstanding loans over the next five years, bolstered by the government’s Bt2trn borrowing plan for infrastructure investment, said a bank executive. Chief wholesale banking officer Piti Tantakasem said TMB has planned to increase its term-loan portfolio as it provides a strong margin in the long run compared to other types of loans. (Bangkok Post, 23/09/13)


Lots of foreign interest in TMB shares — Four big banks, ICBC, Maybank, Sumimoto and Mitsuho Finansia have revealed that they will participate in the bidding for TMB shares. (Khao Hoon, 23/09/13)


Wins petrochem job — TTCL recently won a new job for the construction of a petrochemical plant in Rayong worth Bt1.1bn, pushing its backlog up to Bt35bn. It expects to book revenues of Bt10bn this year and reach its target growth of 30%. (Khao Hoon, 23/09/13)

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