Stocks in the news (bmcl, epco, erw, eureka, mcot, psl) 14.01.14


BMCL aims at 2014 passenger growth of 10% YoY supported by new properties at Ratchada. The political situation does not impact operations but supports passenger growth because people avoid driving. (Khao Hoon, 14/1/14)


EPCO to build a 23MW solar cell plant worth Bt194.40 in Japan. It targets total capacity to reach 100MW by 2Q14 and revenues for 2014 to exceed Bt1bn from the increase sales in electricity. It plans to list “Bo Ploy Solar” on the stock exchange in 2H14. (Khao Hoon, 14/01/14)


ERW expects weak earnings in 1Q14 – Mrs. Kamonwan Wipulakorn, ERW president, said that the political situation in Bangkok since December last year has impacted the Thai tourism industry, particularly hotels in Bangkok, with room cancelations and this will hit earnings in 1Q14. Assuming an easing of the political situation in 2Q14, she expects strong recovery driven by Chinese and European tourists. The company has delayed its plan to increase room rate by 5-10% this year due to the unfavorable backdrop and will reconsider the increase rate in the second half of this year. (Post Today, January 14, 2014)

Comment: We think that a lot of the hospitality stocks have come off a lot (centel, minor, erw), things are looking cheapish again.  Continue reading Stocks in the news (bmcl, epco, erw, eureka, mcot, psl) 14.01.14