Stocks in the news (amata, bmcl, earth, hmpro, mc, ticon, tmb) 18.10.13

Sandbagging its IE — AMATA has prepared 500 “big bags” to protect the factories in its IE and is closely watching the flooding situation, after Nari typhoon pushed water levels up to 30-40cm on roads around Phase 1-3 factories. In phrases 7-9 it is pumping at full capacity and is prepared to deal with flooding from Panat Nikom. (Khao Hoon, 18/10/13)
Comment: The stock price hasn’t really been affected yet by the flood news
MRTA okays BMCL’s capital increase — The Mass Rapid Transit Authority of Thailand board gave the okay for BMCL to sell 8.55bn new shares and will set up a team to negotiate with private firms. The MRTA board is set to meet to discuss whether to increase its investment in BMCL’s capital increase. It said the decision will be based on financial returns and the benefit of holding a 25% stake. (Khao Hoon, 18/10/13)
Sales up — EARTH’s 3Q13 coal sales rose to 2mn ton, pushing sales for the first 9 months to 6mn tons. Its target for the year is 8mn tons, up from last year’s 5mn tons. (Khao Hoon, 18/10/13)
Comment: We’ve been waiting for a company visit w/ this co for months, the recent purchases by management @ a premium to market price must imply their own confidence in the stock..however I have heard rumours that its a “punting” stock. Lets see…

Stocks in the news (aot, bland, bigc, bmcl, ivl, jas, ptt) 17.10.13

September passenger growth strong— AOT reported strong passenger growth at 21% YoY in Sep 2013, the 12thmonth in a row for double-digit growth. International passengers grew 19% YoY and domestic passengers picked up 25% YoY.(Company, 16/10/13)
Comment : The other thing here to notice is the growth of domestic passengers, this is also in line with the growth of low cost carriers
Sells plot of land— BLAND sold a plant of land over 300 rai to SIRI near Sri Nakarin for Bt9bn. This lifted BV per share to Bt3.45.(Khao Hoon, 17/10/13)
Comment : This is of course positive news for bland, but the rumour has been floating around the market for a few weeks now
Expects 9% growth this year— BIGC is confident that earnings growth will be 9% YoY in 2013. It also plans to venture into the life insurance business, with 50 of its branches offering this service by the end of the year. It targets revenue of Bt1.2bn from insurance within three years.(Khao Hoon, 17/10/13)
Comment: with Tesco showing negative growth and bigc with slowing growth when will these consumer names finally drop from their lofty valuations?
MRTA to urge BMCL recap plan rethink— The Mass Rapid Transit Authority of Thailand board is expected to ask BMCL today to review its recapitalization plan, which would reportedly dilute MRTA’s shareholding structure in the company. A transport Ministry source said BMCL’s plan to increase its registered capital may reduce the MRTA’s shareholding from 25% to 11-17%. According to the source, this would violate the MRTA Act, which requires the MRTA to hold a 25% stake.(Bangkok Post, 17/10/13)
Comment: Is the MRTA broke?
Says 3Q13 profit reached Bt677mn— IVL says 3Q13 net profit reached Bt677mn after the MEG plant in the United States returned to production. It raised its flood damage provisions to Bt451mn.(Khao Hoon, 17/10/13)
Comment: little do people realise is that IVL the world’s largest player in its industry
New subscribers pushing profit up— JAS profit is expected sharply increase due to 60,000 new internet subscribers and 70,000 new FTTX subscribers. This increase will continue through 4Q13 and push earnings for the year up 48% YoY.(IQ Biz, 17/10/13)
Expanding LNG plant capacity— PTT will expand the capacity of its LNG plants. It expects the second phase to be completed by 2017, boosting storage and gas transformation to 10mn tons per year.(Khao Hoon, 17/10/13)