What happened this week 09/12 – 13/12

Thailand

  • Outlook for 2014 economy varies, uncertainty over new govt, budget spending clouds growth forecast – Bank of Thailand Governor Prasarn Trairatvorakul acknowledged yesterday that if a new government is not formed next year, economic expansion could be affected to a certain degree, as the government remains a key driver of the economy through spending and public investment. (The Nation, 13/12/13)
  • BoT to reevaluate 2014 targets — The BoT says that it will reevaluate next year’s GDP target at the next MPC meeting to factor in the upcoming election. (Post Today, 13/12/13) Continue reading What happened this week 09/12 – 13/12

Stocks in the news (cpf, ea, gunkul, kce, mc, ocean, uni) 13.12.13

CPF

No growth hormones — CPF says that its chicken is safe and that it does not use growth hormones. It said the more rapid growth comes from an improved strain and better use of technology, along with better farm management and disease prevention. (Khao Hoon, 13/12/13)

EA

Investing Bt25bn in solar and wind farms — EA will invest Bt25bn in solar and wind farms and is in the process of studying setting up an infrastructure fund. It is still negotiating with its Chinese-European partners for alternative energy projects. It expects the deals to be concluded next year and for revenue growth of 40%. This year’s revenues are in line with target with net profit to reach Bt200mn. (Khao Hoon, 13/12/13)

Comment: You’ll see the same story for just about every company that is doing these huge alternative energy projects

GUNKUL

Expects outstanding 4Q13 — GUNKUL says 4Q13 performance will be outstanding after it delivered projects worth Bt1.7bn. Management is certain of 10% YoY revenue growth in 2013. It will report good news about the gas engine project in Myanmar soon and expects to book revenue from the project next year. (Tun Hoon, 13/11/13)

Comment: This company has yet to be exhibit a consistency in its growth and profitability, quarterly numbers just bounce around far too much Continue reading Stocks in the news (cpf, ea, gunkul, kce, mc, ocean, uni) 13.12.13