IPO shares sold out — AIE sold all its IPO shares with 9,827 retail investors receiving the shares. It will list on mai on Jan 6, 2014. (Khao Hoon, 27/12/13)
Comment: The usual little one, pop and drop!
JV in UAE — IVL entered into a joint venture agreement with ChemaWEyaat to build an aromatics factory in Abu Dhabi, UAE. This is its first entry into gulf countries. (Khao Hoon, 27/12/13)
Comment: People still don’t realise how huge this company IVL is, it’s the largest PET producer in the world.
Energy management center planned — PTT plans to open an energy management center to support the Yetagun facility that will be shut down for maintenance from Dec 31-Jan 14. The closure is not expected to impact gas users. (Khao Hoon, 27/12/13)
Says 1Q14 will be good — NUSA says it will have higher profit in 1Q14 on the transfer of a Bt3.4 project, most of its expected Bt6bn revenue in 2014. It plans a greater focus on overseas clients. (Khao Hoon, 27/12/13)
Expects more than Bt1bn in revenue this year — UAC estimates revenues this year will be higher than Bt1bn, supported by its trading and alternative energy businesses, while revenues for 2014 are expected to grow by 20%. The company will invest in three more locations in its CBG project and expects them to be completed within three years. (Khao Hoon, 27/12/13)
Comment: A fantastic investment company, although valuations still have me feeling a bit meh.