Stocks in the news (aim, amata, bch, ccp, cpnrf, gcap, mint) 02.12.13

AIM

Changing ticker to “EFORL” today — AIM is changing its trading name to EFORL today because its new business is trading in medical tools and equipment. Its new business will fully operate and clearly contribute revenues in 4Q13. (Khao Hoon, 2/12/13)

Comment: From 3D Tv’s and advertising to medical tools, well at least they are keeping themselves alive

AMATA

Slashes target sales — AMATA slashed its 2013 target land sales target down to 1,000 rai from 3,000 rai. Management said politics has impacted consumer’s confidence and led investors to delay their contract signing to early next year. (Khao Hoon, 2/12/13)

Comment: Really? 1 month makes revenue drop 2/3’s? That’s rubbish! Their numbers were going to crap for FY13 anyways, convenient excuse, but AMATA is cyclical in this sense, a few good years of sales followed by a quiet one is normal.

BCH

Buying half of Navanakorn Hospital — BCH CEO has announced thata the company has entered into an agreement to purchase a 50.002% stake in Navanakorn Hospital for Bt225mn. It expects to transfer the shares in Dec 2013. (Khao Hoon, 2/12/13)

CCP

Looking for more short-term jobs — Management said CCP is looking for short term jobs that can be delivered in 1-2 months and lead to rapid booking of revenue. Total revenue in 2013 will be more than Bt3bn. (Khao Hoon, 2/12/13)

CPNRF

SEC okays higher capital increase price — The SEC has given the green light to CPNRF to raise its unit price for the capital increase to Bt16.00 per unit, thereby increasing the funds from its capital increase to Bt25.55bn from Bt15.76bn. Subscription period for the old shareholders will start Dec 3-12, while subscriptions for special investors including, asset owners and private investors will run through to Dec 18. (Khao Hoon, 2/12/13)

Comment: Great for CPN, and then just wait for them to do REITS next year

GCAP

IPO shares meet good response — Investors have booked more than half GCAP’s IPO shares because IPO price is Bt2.7, a 49% discount from fair value. GCAP will list on the SET in December. (Khao Hoon, 2/12/13)

MINT

Sets up company for foreign ventures — MINT has set up “MHG Deep Blue Financing” to handle foreign investments. It will also invest in “O Plus E holding Private Limited” to expand its business in the Maldives worth Bt678mn. (Khao Hoon, 2/12/13)

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