Stocks in the news (cho, intuch, lpn, thcom, vibha, winner) 24/09/13

CHO

Dividend this year — CHO is confident that it will be able to wipe out its accumulated losses in 3Q13 and start paying dividends this year, back to its dividend policy of no less than 40% of net profit. It expects 2013 revenues to achieve its targeted growth of 20%. It is waiting for new work worth Bt395mn. (Khao Hoon, 24/09/13)

Comment: Helps to support the stock price

INTUCH

Takes on two new partners — INTUCH has signed on two new partners, “Computer Logie” and “Meditech Solutions” for its new invention project. (Khao Hoon, 24/09/13)

Comment: ADVANC is the key reason for this stock still performing well as well as the upcoming digital TV bids

LPN

LPN Development ups presale target on strong condo demand – After witnessing strong demand for condominium projects in the first eight months of the year, LPN Development has raised its 2013 presales target from Bt20bn to Bt24bn. (The Nation, 24/09/13)

Comment: They are just performing incredibly well regardless of what the news says about the property market

THCOM

Partnering with Global Eagle for airline Wi-Fi — THCOM will partner with Global Eagle to provide satellite communication services for airlines; covering domestic routes and the Asia-Pacific routes by providing Wi-Fi and other ground services. (Khao Hoon, 24/09/13)

VIBHA

To reach 20% growth target — VIBHA is confident that revenues and net profits will reach its target growth of 20% supported high season in 2H13. Two of its new hospitals are near completion and will open next year. (Khao Hoon, 24/09/13)

WINNER

Winner cuts growth forecast to 10% – Winner Group Enterprise Plc, an importer and distributor of food products and ingredients, has cut its revenue growth projection this year from 20% to 10% to reflect the market situation in Thailand and overseas. Winner is floating its shares to the public through an initial public offering on the Market for Alternative Investment to mobilize funds for expansion. Some 22% or 88mn of its authorized and outstanding ordinary shares will be offered from tomorrow until Friday at Bt2/ share. The stock will be listed on Oct 3. (Bangkok Post, 24/09/13)

Comment: Well this won’t help the IPO, however as we’ve commented enough times this past year, IPO’s with such a small float are an insiders game and its difficult to join the party

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