Stocks in the news (banpu, ea, ktb, ptt, top, tta) 23.12.13


To sell treasury shares — BANPU will sell its treasury stock of 135.6mn shares between Jan 17-31, 2014. It said it will sell the shares at a price no less than 85% of the average close for the preceding last five days. (Khao Hoon, 23/12/13)

Comment: Well that was a quick trade for the company


1Q14 profit expected to outdo whole of 2013 — EA expects more than Bt200mn in net profit in 1Q14, more than the whole year of 2013. Management said that it has started testing the transfer of electricity from its 90MW solar farm project and it expects the plant to be fully commercial by the end of December. (Khao Hoon, 23/12/13)

Comment: And then next year don’t be surprised if EA says they’ll do an infrastructure fund!


Aiming at 20% growth in bancassurance — KTB intends for bancassurance to grow 20% YoY in 2014 with a high 40% profit margin from fees. Krungthai-aXa Life Insurance is generating the most revenue of subsidiaries. KTB’s total insurance premiums esceeded Bt6.2bn in 2013, up 37% YoY. (Khao Hoon, 23/12/13) Continue reading Stocks in the news (banpu, ea, ktb, ptt, top, tta) 23.12.13