IRPC expects to return to profitability this year – Despite adverse impacts from the weak baht, IRPC expects to reap some profits this year as opposed to the loss it incurred last year, thanks to improved oil-refining rates amid an improving global economic situation and the rise of crude-oil prices, coupled with some expansion of production capacity. (The Nation, 06/09/13)
Comment: Argh,,,zzzzzz…poor performing company.
Red Line Contract #3 in the offing — ITD expects to hear the final word on Red Line Bangsue-Rangsit contract 3 on Sept 18. (Khao Hoon, 06/09/13)
Cuts revenue target — PJW has lowered its revenue target for the year to only 6-8% from 20% in response to the economic slowdown. It expects net profit this year to be lower than last year; however management said that revenue next year should grow by at least 10-15%. (Khao Hoon, 06/09/13)
SAT receives new truck orders from Hino Motors — Production is to begin in 2015 and SAT said this will help push revenues for trucks up by five-fold from the current 1-2% of total revenues. The company will invest Bt1bn to expand its capacity to take on new orders. (Khao Hoon, 06/09/13)
Comment: SAT really is a quality auto parts manufacturer, and yet its stock price has now dropped to the same levels of when its revenue was THB 6 bn, whilst now its rev is @ THB 10 bn.
SEAOIL makes slick debut with 17% gain — The shares of Sea Oil Plc (SEAOIL) rose as much as 17.68% above its initial public offering (IPO) price at Bt3.45 on its debut yesterday. The successful first-day trade of SEAOIL, the ninth new listing on the MAI this year, came after Communication & System Solution Plc lost on its first day of trade on Tuesday, closing 29.33% below its Bt3 IPO price. (Bangkok Post, 06/09/13)
Comment: Given it’s small free float, there isn’t much surprise in this new IPO’s performance at all.
Entering Udorn Thani — SPALI is ready to penetrate the property market in Udorn Thani with the launch of its newest SDH project, “Spali Parkville Nitayo”, worth Bt960mn. Starting price for the project is at Bt3mn and the project is to open for booking at the end of September. (Khao Hoon, 06/09/13)
Comment: I’m currently updating this blog from Phitsanulok, and I already see property developers beginning to spring up here too. I’m just confused by where the demand comes from.