Stocks in the news (amata, ck, hemraj, hmpro, ptt, pttgc, scc) 10.10.13

AMATA
Flooding downs two factories on estate – Minor flooding at Chon Buri’s Amata Nakorn Industrial Estate has forced an auto parts factory and an electronic parts plant to shut down temporarily due to transport disruptions. Authorities say the water will recede within five days. The estate has seen minor flooding in phases 7-9, where 200 factories are located, but water has not entered any of the buildings. (Bangkok Post, 10/10/13)
Comment: Again, as mentioned yesterday, if the stock price does collapse because of this its a simple buy
CK
CK’s board approves buying BMCL capital increase shares — CK’s board has given the green light to acquire new shares from BMCL. It will take a total of 4.2bn shares at a price of Bt1.00/share. (Khao Hoon, 10/10/13)
HEMRAJ
Land sales approach 2,000 rai in 9M13 — HEMRAJ reports lands sales for the first nine months of 1,978 rai. Of this, 121 rai were rental contracts. It entered into 82 contracts, with 50 of those with new customers. 52% of the tenants are customers and 44% are in the automobile sector. (Khao Hoon, 10/10/13)
Comment: To us, the best in town, plus it has the cash flow from gheco-one for the next decade
 
HMPRO
Expansion continuing — HMPRO is continuing its expansion in 4Q13, investing Bt413mn to open its 60th store in Saraburi on Oct 11. It will give discounts of up to 70% on opening day. The company targets sales of Bt40mn per month from the new store. (Khao Hoon, 10/10/13)
PTT
PTT polishes retail plan – PTT Plc will spend Bt5.45bn to expand its retail business in the next five years. Bt3bn will be used at home for relocation of petrol stations, upgrades of existing stations and new locations. This will cover development of nonfuel businesses such as 7-Eleven convenience stores, Cafe Amazon outlets, restaurants and car care at existing stations. (Bangkok Post, 10/10/13)
PTTGC
GSP #5 back up and running — PTTGC gas separation plant Unit 5 is back into production faster than expected. Management said the plant is now operating at 50%. PTT will be introducing a new premium grade diesel and will invest Bt3bn to expand its capacity over the next three years. (Khao Hoon, 10/10/13)
SCC
Water expected to dampen SCG’s revenue this year – Siam Cement Group (SCG) expects a slight dip in this year’s revenue from its original forecast because flooding is starting to hit sales of construction materials. President and chief executive Kan Trakulhoon said sales of cement and materials have clearly begun to slow since last month as floods spread to wider areas. (Bangkok Post, 10/10/13)
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