Stocks in the news (bay, glow, lanna, scc, ticon, vgi) 31.10.13


Credit card growth of 15% achievable — BAY expects revenues from credit cards for 2013 to reach its growth target of 15% as consumer spending picks up in 4Q13. Management expects growth for credit cards to double that of GDP growth in 2014. (Tun Hoon, 31/10/13)


9M13 profit of Bt5.63bn, up 45% YoY — GLOW reported 9M13 net profit of Bt5.63bn, a 45% increase YoY, driven by revenues from sales and services that grew by 25% following the higher supply of electricity. (Khao Hoon, 31/10/13)

Comment: Fantastic utility holding


Subsidiary to list in 2014 — LANNA will book gains from the IPO of its subsidiary, Thai Agro Energy, which will start trading in the stock market early in 2014. The company targets coal sales to reach 6.5mn tons for the year. (Khao Hoon, 31/10/13)

Comment: This requires some looking in to. Retail punters love a story like this.


Floods foil SCG cement growth target – Siam Cement Group (SCG), Thailand’s top industrial conglomerate, expects the recent floods to cut full-year growth in cement sales to 5% from an original forecast of 7%. Cement sales rose by 9.5% YoY in the first half and 5% in the third quarter, president and chief executive Kan Trakulhoon said yesterday. Sales in the fourth quarter are expected to be flat, as there were no floods during the same period of 2012. As a result, sales growth is estimated at 5.2% for all of 2013. (Bangkok Post, 31/10/13)


Bought 100 rai of land — TICON signed an agreement to purchase a total of 100 rai of land to develop factories to lease out of more than 60,000 sqm. It expects to invest a total of Bt1.26bn on the project and targets total leasable area for factories in 2014 to reach 1mn sqm. (Khao Hoon, 31/10/13)

Comment: we have a visit with management in 1.5 weeks, should be an interesting conversation as per usual


Profit up 2.95% in 2QFY13 — VGI reported net profit of Bt327.8mn for 2QFY13, a 29.5% increase YoY. Its revenues for the same period also increased to Bt860.3mn, a 16.6% increase YoY, supported by an increase in advertising space and the advertising rights on buses in Chula University. (Khao Hoon, 31/10/13)


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2 thoughts on “Stocks in the news (bay, glow, lanna, scc, ticon, vgi) 31.10.13”

  1. Hello Pon
    I found sometime ago and I love to read hour stories.
    In stocks in the news I missed JAS today. Yesterday there was a court ruling that had impact on the share price today. Can you explain please the consequences of this ruling for the company. Obviously it is not good news.
    Thank you
    All the best

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