Sector Update 21/10 – 25/10

Markets been fairly quiet for the past week, mid-week break resulted in a lot of people taking time off and that was obvious in the volumes as well. Major news? Well exports for Sept were poor @ -7.1% and the BoT lowered GDP growth for 2013 n 2014 to 3.7% and 4.8% from 4.2% and 5.0% respectively. Anything to look forward to? Fed meets 29-30 Oct though nothing expected from there, and just the usual 3Q13 numbers continuing to come out. Quiet times indeed.



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Stocks in the news (ckp, cpf, fvc, gunkul, jubile, rs) 28.10.13


Turnaround in 3Q13 — CKP will post a turnaround in 3Q13 net profit to Bt170mn, driven by revenues from Nam Ngum 2 hydropower plant. The company expects net profit for the year to exceed Bt370mn. (Khao Hoon, 28/10/13)

Comment: Still an expensive entity.


Plans to go abroad to produce Asian food — CPF aims to set up factories to produce food for Asians in Europe and the U.S. It plans to set up factories in Belgium, England and the U.S. at an investment cost of Bt2-3bn. It also plans to buy distributors and eventually list on the U.S. stock exchange. (ASTV Manger, 28/10/13)


CEO expects it to exceed IPO price on first day of trade — Wichit Techakasem, CEO, believes FVC will trade above its IPO price of Bt1.2 per share when it begins trading on October 29, in response to its good fundamentals and the solidity of the food and beverage industry. (ASTV Manager, 28/10/13) Continue reading Stocks in the news (ckp, cpf, fvc, gunkul, jubile, rs) 28.10.13