Stocks in the news (ea, iec, JMT, m, pgt, tuf) 04.12.13


90MW generation this month — EA is confident that its solar farm will generate 90MW this month. It said that next year it will built a new plant in Lampang for another 90MW at a cost of Bt7bn. (Khao Hoon, 04/12/13)

Comment: This is an incredible large solar farm, we doubt the long term viability of the project but wouldn’t be surprised if retail punters continue their interest in this co.


Sells holding in ISD — IEC has sold its holding in ISD for Bt2.1mn to improve company financial liquidity. (Khao Hoon, 04/12/13)

Comment: A real penny stock


Buying SCB Leasing loans — JMT is buying Bt279mn in auto loans from SCB Leasing. It estimates returns of ~13%. This year it has brought over Bt 30bn worth of nonperforming assets to manage. (Khao Hoon, 04/12/13)

Comment: JMT has a lovely business model, buying loans @ 5-15% of its notional value and then collecting it, however on a quarterly basis it’s numbers can be volatile bc of the revenue recognition 


Admits will not reach target — M says that it will not reach its target 10-15% growth this year due to politics and slow expansion. It targets revenue growth of 10% in 2014. (Khao Hoon, 04/12/13)

Comment: Another convenient excuse, MK suki was never able to hit it’s lofty IPO targets


Halves sales target — PTG has cut its sale target in half to 20% from 40%. Next year, growth will be underwritten by its tank farm it says. (Khao Hoon, 04/12/13)


US$5bn in revenue in 2015 — TUF is confident that in 2015 revenue will reach US$5bn, even though this year it only manage US$3.6-3.7bn due to the slowdown in shrimp production and tuna price uncertainty. (Khao Hoon, 04/12/13)

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