Stocks in the news (ea, iec, JMT, m, pgt, tuf) 04.12.13


90MW generation this month — EA is confident that its solar farm will generate 90MW this month. It said that next year it will built a new plant in Lampang for another 90MW at a cost of Bt7bn. (Khao Hoon, 04/12/13)

Comment: This is an incredible large solar farm, we doubt the long term viability of the project but wouldn’t be surprised if retail punters continue their interest in this co.


Sells holding in ISD — IEC has sold its holding in ISD for Bt2.1mn to improve company financial liquidity. (Khao Hoon, 04/12/13)

Comment: A real penny stock


Buying SCB Leasing loans — JMT is buying Bt279mn in auto loans from SCB Leasing. It estimates returns of ~13%. This year it has brought over Bt 30bn worth of nonperforming assets to manage. (Khao Hoon, 04/12/13)

Comment: JMT has a lovely business model, buying loans @ 5-15% of its notional value and then collecting it, however on a quarterly basis it’s numbers can be volatile bc of the revenue recognition 
Continue reading Stocks in the news (ea, iec, JMT, m, pgt, tuf) 04.12.13

November Management Trades

Of things to note are the huge buy back by BGH’s main doctor Dr. Prasert @ THB 1.8bn and K. Keeree repurchasing shares of BTS, on the flip side its funny to see the majority of MEGA’s family shareholders selling out on IPO day.131202 novmgmttrades


Note: For the monthly trades, we’ve decided to scale to only show purchases above THB 20 mn by management/directors of public co’s, all data is still retrieved from the Thai SEC