Stocks in the news (bmcl, cpnrf, hemraj, ps, pttep, solar, spali, wha) 03.12.13

BMCL

MRTA not to take rights — The MRTA board decided that it will not take its rights in BMCL’s capital increase and will allow its holdings to be diluted to 14%. MRTA’s CFO and financial advisors said that the decision will have no impact on the company’s management as it already holds the concession. (Khao Hoon, 03/12/13)

Comment: Yes that’s true, but still once BMCL reduces its interest payments then its numbers will be more appealing to investors

CPNRF

Delays sale of new units — CPNRF has delayed the sale of its new units because of the pressure on the stock market created by the political unrest. It will monitor the situation and announce a date on December 4. (Khao Hoon, 3/12/13)

Comment: We think that this has more to do with the rate that investors are requesting because of the short-term political noise

HEMRAJ

HEMRAJ expects revenue growth of 40% in 2013 due to land sales of 2,300 rai. It is confident that the political unrest will not impact its business. (Khao Hoon, 3/12/13)

Comment: The majority of revenue growth we think has also come from the GHECO-One project with Glow Continue reading Stocks in the news (bmcl, cpnrf, hemraj, ps, pttep, solar, spali, wha) 03.12.13