Stocks in the news (amata, global, irpc, jas, nyt, wha) 25.11.13

AMATA

New contracts to boost 4Q13 land sales — AMATA expects land sales in 4Q13 to surge, boosted by new contract signing. Currently, the company has 2,000 rai land ready to be transferred, and it is keeping its year end target land sales of 3,000 rai. It said it aims to invest in an industrial estate in Dawei, Myanmar. (Khao Hoon, 25/11/13)

GLOBAL

Tops in its sector — GLOBAL is doing the best in the Commerce sector, with net profit expected to grow 47% YoY and recovery in 4Q13. It will add three more branches to bring total branches to 29 in 2013, pushing up net profit 55% YoY to Bt942mn. (Khao Hoon, 25/11/13)

Comment: Where’s the slowdown upcountry? We don’t see it much, yes agricultural prices are dropping so farmers make less however business is booming there and we believe it offsets a lot of things, Bangkok is the city that is having trouble with consumer debt.

IRPC

To book profit from sale of land to PTT — IRPC will book Bt200mn profit from the sale of 3,311 rai to PTT in 4Q13. The land will be used to develop Rayong Institute of Science and Technology. (Khao Hoon, 25/11/13)

JAS

Shareholder meeting to approve fund today — JAS will hold its shareholder’s meeting today for approval to set up an infrastructure fund worth Bt60-70bn. (Khao Hoon, 25/11/13)

Comment: And yet no news re that necessary repayment

NYT

Begins to trade today — Today is NYT’s first day of trade. Financial advisors said investor feedback has been good. Management aims to use the IPO money to pay down debt and expand to enable continued growth. (Tun Hoon, 25/11/13)

Comment: Pop and drop?

WHA

Cancels solar roof JV with SPCG — WHA canceled a solar roof joint venture with SPCG because of time limitations, but will continue the JV with GUNKUL. (Khao Hoon, 25/11/13)

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