Stocks in the news (bmcl, glow, htech, ea, tmi) 26.12.13

BMCL

Capital increase update — BMCL reports that of the 8.55bn newly issued shares as rights offering, 6,275,704,432 were taken, leaving 2,274,295,568 shares to be privately placed. (Khao Hoon, 26/12/13)

Comment: Good for the company, will BMCL then in the future also do an infrastructure fund?

GLOW

Subsidiary signs contract for expansion — GLOW subsidiary, GLOW SPP 11, has signed a contract with Wartsila to construct the expansion part of the 19MW gas-fired power plant. It expects the project to be completed by 1Q15. (Khao Hoon, 26/12/13)

Comment: Still one of the better utility firms out there, the normal dividend yield is nothing special @ this moment, but don’t be surprised to see a special dividend in april ‘14

HTECH

Aiming at 10% YoY revenue growth in 2014 — HTECH said it plans to achieve revenue growth of 10% YoY in 2014, with better net profit on a higher margin. It is still concerned about political risk and the chance that big clients will change their production bases. (Khao Hoon, 26/12/13)

EA

Another plant up and running commercially — EA reports that its 90 MW power plant in Nakorn Sawan is now operating commercially and selling electricity to EGAT. It can now book revenues from the sale of electricity. It expects 2014 revenue from sale of electricity of Bt1.5bn. (Khao Hoon, 26/12/13)

TMI

Looking abroad — TMI will focus on the overseas market next year, expecting that the portion of revenues from abroad will account for only 12-15% this year after the domestic economy slowed down. It expects revenues to grow by more than 15% next year and it plans to launch no less than 10 new products. (Khao Hoon, 26/12/13)

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