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

AMATA
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
BMCL
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)
EARTH
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…
 
HMPRO
Mega Home project launched — HMPRO has launched its Mega Home project targeting 20 branches in four years. It expects that each branch will generate revenue of Bt7-8mn per annum. Fourth quarter revenues is expect to hit Bt400mn. (Khao Hoon, 18/10/13)
MC
Says 3Q13 rose 22% YoY — MC said it achieved a 3Q13 net profit of Bt177mn, an increase of 22% YoY. Annual profit target remains at Bt728mn, and it will pay a DPS of Bt0.64. (Khao Hoon, 18/10/13)
TICON
Ticon set to launch Bt6bn mutual fund – Ticon Industrial Connection plans to set up a Bt6bn mutual fund for property rental rights to raise money for its future business expansion, managing director Virapan Pulges said. (The Nation, 18/10/13)
Comment: A mutual fund launch by Ticon? 
TMB
Mizuho says no deal — ING will meet the board of TMB to report on progress on its purchase of shares. Mizuho Thailand has denied that it is in the market for TMB. (Khao Hoon, 18/10/13)
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