Sector Update 30/09 – 04/10

The rebound last week came from across most sectors except consumer products that were only up 0.4%. So whats going to happen this week? Everyone’s saying choppy times with the US govt shutdown (and they dare preach to the rest of the world about political systems hahaha) and the fact that thb 2.2 trn infra project has yet to be passed.

00sum

 

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Stocks in the news (aot, bmcl, ea, hotpot, kmc, makro, pps, tlgf, tmb) 07/10/13

AOT

20% growth in September passengers — AOT announced that passengers in Sept grew by 20.43%, with number of passengers in Suvarnabhumi airport exceeding 50mn. (Tun Hoon, 07/10/13)

Comment: Thailand is still attracting tourists at a fast growing pace

BMCL

BMCL board okays recapitalization plan – The board of Bangkok Metro Plc (BMCL) has approved a Bt8.55bn recapitalization plan to raise funds for new trains and repay existing debt. Under the plan, 8.55bn new ordinary shares will be issued at a par value of Bt1 through a rights offering (RO) plus private placement. Of the total, 2bn will be allocated to existing shareholders in proportion to their holding at one baht each in a ratio of 5.975 current ordinary shares to one new share. (Bangkok Post, 05/10/13)

Comment: We still think this company is a long way from being profitable

EA

Nakhon Sawan plant up and running by Dec 1 — EA expects its 90MW solar plant located in Nakhon Sawan to be operating at full capacity by Dec 1, 2013, pushing its revenues up by Bt1.5bn a year. Earnings for third quarter are expected to continue growing strong and EA will hire DEMCO to construct a train station in Lampang. (Khao Hoon, 07/10/13)

Continue reading Stocks in the news (aot, bmcl, ea, hotpot, kmc, makro, pps, tlgf, tmb) 07/10/13