Stocks in the news (lh, ksl, oishi, pttgc, uniq) 17.09.13

3Q12 presales over Bt20bn — LH says that 3Q13 presales will be more than Bt20bn. Management expects the company to achieve its target Bt30bn as it expects to book rental revenue from its apartment in California in 4Q13, pushing its revenues for the year to more than Bt25bn. (Khao Hoon, 17/09/13)
Comment: This property company arguably has real buyers for its properties as it mainly focuses upon SDH versus condominiums like the majority of property co’s in Thailand
Cut in sugarcane prices to bring 20% profit drop — KSL expects profit to fall 20% in 2013 upon a sharp fall in sugarcane prices. Its energy business is booming, and it expects to gain a profit from its businesses abroad in 2014. The electricity business is expected to jump 178% and ethanol 163% to bring profit of Bt630mn. (Khao Hoon, 17/09/13)
Comment: Sugar companies haven’t been an attractive investment, the only upside we can ever see is when one follows the route of KSL and expands to electricity and ethanol, however all of the private and listed sugar co’s have already done this.
Expects to meet Bt7bn sales target — OISHI is confident that it will meet its year’s sales target of Bt7bn. It will invest Bt1.3bn on new machines to lift bottle production capacity by 15mn, startup expected by December 2014. (Khao Hoon, 17/09/13)
Still expects EBITDA growth of 10% — PTTGC is confident that EBITDA growth will meet expectations at 10%, with no impact from the oil spill, which is covered by insurance. The company is in the market for new partners to expand into the Indonesian petrochemical market. (Khao Hoon, 17/09/13)
KTB extends Bt18bn loan — KTB has approved a loan of Bt18bn to UNIQ for the Red Line, Bangsue-Rangsit. (Krungthep Turakij, 17/09/13)
Bidding for new government contract — UNIQ is in bid for a new government contract, with 25-30% of the bid to be successful. It expects backlog to reach Bt80bn baht from the current Bt40bn. Its chief says it expects revenue of Bt8bn this year, growth of 100% YoY. (Khao Hoon, 17/09/13)
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