Stocks in the news (amata, aot, bcp, ea, drt, hmpro, mint, ticon) 29.10.13


Investing Bt50-60mn in flood prevention — AMATA says it has set aside Bt50-60mn for investment in flood prevention and is currently in the process of gathering necessary information for its long-term planning and mitigation plans which is expected to take 2-3 weeks. It plans to expand reservoirs and improve floodways with help from the Industrial Estate Authority of Thailand (IEAT). It is not concerned about its other industrial estates since Amata Nakorn is the only industrial estate that is just 2-3 meters above sea level. (Khao Hoon, 29/10/13)


Transport Minister: Look at costs before allowing PSC rise — Chatchart Sithipun, transport minister, said he wants to consider AOT’s costs before make the decision about raising passenger service charge, because there are more opponents than supporters. (Khao Hoon, 29/10/13)


Looking to Myanmar — BCP aims to establish four to five petrol stations in Myanmar over one or two years. It said that the two obstacles are state policies and the high cost of land. It is also looking for an opportunity to establish a tank farm with PTT in the future. As for Laos, there is still licensing problems for the opening of petrol stations there. (ASTV Manager, 29/10/13)

Comment: Land costs in Myanmar especially around and within the capital cities are horrendously high as we witnessed first hand during a trip there last year. PTT is already in Myanmar via its trading arm. From what we saw with Laos, the Vietnamese and Chinese Petroleum giants already appear to have a foothold with that market.


Preparing to install solar panels — EA is preparing for the installation of solar panels and is looking to complete its 90MW solar power plant before December. It expects earnings this year to be strong supported by the full year booking of revenues from its 8MW power plant project. (Khao Hoon, 29/10/13)

Comment: Now every “alternative” or “renewable” energy company is going down this route.


Plans solar roof tile — DRT said it aims to develop its normal roof tiles into value-added solar roof tiles to support solar roof demand after the government is giving support to the private sector to produce electricity from solar energy. (Khao Hoon, 29/10/13)

Comment: See above…even though yes its a tile roofing company..still..


3Q13A profit Bt720mn — HMPRO announced 3Q13 net profit of Bt720mn with Bt10bn revenue contributed from new branches. 9M13 revenue is reported at Bt30bn with net profit of Bt2.1bn and a 21%gross margin. (Khao Hoon, 29/10/13)

Comment: Numbers from hmpro were o-k-a-y but less than what most analysts projected and it looks like a downgrade may be in order.


Says 3Q13 profit at least Bt670mn — MINT expects net profit of at least Bt670mn, 15% YoY, in 3Q13.Its revenue from hotel business will continue strongafter a higher occupancy rate brought by more foreign visitors. (Khao Hoon, 29/10/13)


Launch of TGROWTH in November — TICON is confident that it will launch its TGROWTH fund in mid-November. It plans to use the proceeds from the conversion of TICON-W3 warrants worth Bt4bn in January 2014 to expand the number of factories and warehouses for rent by a total of 400,000 sqm. (Khao Hoon, 29/10/13)

Comment: By far the best co in their sector for factories/warehouses/logistics for rent.

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