Wins coal orders from China — AGE won new coal orders from China of 300,000 tons and this will help push its international sales for the year to more than 1mn tons. Management expects total 2013 coal sales of 2.5mn tons, with revenue of over Bt5bn. (Khao Hoon, 21/10/13)
Bond issue — CPALL will issue bonds worth Bt40bn to institutions and for the public on Oct 28-30. The life of the bond will be 3-10 years with returns of 4.10-5.35%. (Khao Hoon, 21/10/13)
Comment: Given the current offerings in the bond market, we find their bonds to attractive, shouldn’t be an issue @ all for CPALL
Central to splurge Bt10bn a year on overseas shopping – Central Group of Companies will set aside at least Bt10bn a year on overseas acquisitions as part of the strategy to enlarge its investment portfolio. (Bangkok Post, 21/10/13)
Comment: It’s impressive what they’ve achieved in Thailand and if they apply the same cautious approach overseas we wouldn’t be surprised to see their continued success.
Continue reading Stocks in the news (age, cpall, cpn, hemraj, spali, thai, uniq) 21.10.13