23rd Central Festival open in December — CPN will open its 23rd Central Festival shopping mall in Had Yai on December 14. It has invested over Bt7.2bn in the project. The construction is currently at 95% completion. (Khao Hoon, 21/11/13)
HMPRO to expand aggressively in the last 2 months. HMPRO will open its 63rd branch in Cheng Rai, with target monthly revenue at Bt42mn. It will also engage in aggressive yearend promotions with discounts of up to 70% on some of its products. (Khao Hoon, 21/11/13)
Comment: One of the most impressive companies over the past decade, and their 3Q13 numbers demonstrate the company’s ability to withstand any “decline” in spending thus far.
Has PPA — IEC says that its Tak solar power plant, with production capacity of 5.25 MW, has received its PPA from the Ministry of Energy to distribute electricity. Revenue from the plant will start to flow from the end of November 2013. (Khao Hoon, 21/11/13)
Comment: Its a small plant, but speculators may rejoice
MC will be included in MSCI Small Cap Indices from 26 November. This reflects its growth potential and international demand for the stock. Management says that after its successful international road show, foreign shareholding had risen to 8%. (Khao Hoon, 21/11/13)
SCC to tender for TCP, then delist it — The court has denied the attempt by nine shareholders of TCP to legally revoke the shareholders’ resolution to delist Thai Cane Paper Pcl (TCP) in June 2008. To comply with EGM resolution, SCC (86.3% stake in TCP) will now make a tender offer for all 49.1mn remaining shares for Bt21/share and then delist TCP. The tender offer is expected to begin on Nov 30.
New JV — SCC has formed “SCG ICO Polymers Co. Ltd” under a joint venture with A. Schulman, Inc. in the rotational molding compound business. SCC will hold 87% of this new JV, in which a portion of SCC’s Thailand-based rotational molding compound assets will be combined with Schulman’s Malaysian-based assets. (SET, 20/11/13)
SLC targets 2015 as the year to escape from the red — Next year the company expects to continue to make a net loss, from both digital TV and IT business, despite revenue growth of 40%. (Khao Hoon, 21/11/13)
Expects holiday boost — TMI expects revenue to increase in the holiday season, as demand for decorative lighting fixtures will increase. It forecasts 2013 revenue growth of 20-30%, despite the flat revenue in 3Q13, due to a slowdown in consumption and flood impact. (Khao Hoon, 21/11/