The most interesting development over the past month has been the decline in telco’s once the darling for the market it now no longer appears to be the case, and also the recovery of the food sector Continue reading Sector Update 11/11 – 15/11
AGE boosts coal exports to feed plants in Asia – MAI-listed Asia Green Energy (AGE) aims at 20% growth in coal sales volume next year as it boosts exports to countries building coal-fired power plants. Managing director Panom Kuansataporn said coal sales volume is seen rising to 2.4mn tonnes this year and 3mn tonnes next year, up from 1.7mn tonnes in 2012. (Bangkok Post, 19/11/13)
AOT Passenger numbers closing in on 70mn — AOT announced that passengers have increased to almost 70mn. AOT’s board will meet and discuss compensation for Mr. Makin Petplai, the new MD on Nov 21. The president of the board said his contract will be signed before Nov 25. (Khao Hoon, 19/11/13)
Comment: They will eventually have to do something about capacity constraints, major capex coming soon? Or will it be another 40 years?
ERW Targets 13% 2013 revenue growth — ERW targets revenue growth of 13% YoY in 2013, supported by strong tourist numbers. The company is also raising hotel rates by 10% next year and will invest Bt2.5bn to open 13 new hotels. (Khao Hoon, 19/11/13)
Comment: This is an asset play more than anything else in our eyes Continue reading Stocks in the news (age, aot, erw, mega, mint, spali) 19.11.13