Stocks in the news (AIT, CK, CPTGF, HMPRO, QTC, TPLOY) 18.11.13

AIT
To ask shareholders to approve capital increase — AIT will hold a shareholder’s meeting on Nov 18 to obtain approval for a capital increase of 137.55 million shares at 1:2 shares (old:new) at a price of Bt5.00/share. (Khao Hoon, 18/11/13)
Comment: This is still ongoing now as of writing, we are confused by their request, because we see a co with good rev, good margins, very little debt, and management aren’t clear about what the funds are going to be used for.
CK
Expects good 4Q13 — CK is confident that 4Q13 earnings will continue to be strong and expects revenues for the year to exceed its target of Bt40bn. Its current backlog on hand exceeds Bt120bn. (Khao Hoon, 18/11/13)
CPTGF
KTAM is handling the IPO for a new property fund, CP Tower Growth Leasehold Property Fund (CPTGF) on Nov18-26 at IPO price of Bt10.15/unit. It is confident in the fund’s asset quality which is expected to continue brining in future revenue income. (Tun Hoon, 18/11/13) Continue reading Stocks in the news (AIT, CK, CPTGF, HMPRO, QTC, TPLOY) 18.11.13