CPF Freshening CP Freshmart — CPF is spending Bt50mn on “CP Freshmart”, with promotional campaigns and a new Santa promotion. It expects sales during the holiday festival to double. (Khao Hoon, 11/12/13)
EARTH expects 2014 coal sales at >8mn tons. The company will target more foreign markets to help support growth as it believes that coal prices have bottomed out. JORC reports that the company’s acquisition of the Indonesian mine is 90% completed and is expected to be completed by December. (Khao Hoon, 11/12/13)
Comment: This company still continues to amaze, and yet doesn’t really seem to meet with anybody.
KTB 4Q13 to beat 3Q13 — KTB said that 4Q13 earnings will be better than 3Q13 with the bank setting aside normal provisions after NPL levels continue to decline. It expects loan growth 2014 to be 1-1.5 times higher than GDP or at 5-7%. (Khao Hoon, 11/12/13)
Comment: We doubt that banks will do well next year, the easy EPS growth via corporate income tax reduction from the past 3 years is gone Continue reading Stocks in the news (cpf, earth, ktb, n-park, nusa, nwr, pttgc, tpoly) 11.12.13