Stocks in the news (ai, chg, ck, ptt, singer, ticon, trt) 03.01.14


Huge extra income in 4Q13 — AI will book extraordinary income of more than Bt1bn in 4Q13 from AIE’s IPO. It also said that 2014 will be an uptrend for the insulator manufacturing and engineering business. AIE will be listed in the MAI on Jan 6. (Khao Hoon, 03/01/14)

Comment: Punters rejoice!


CHG may be included in SET100 index. It aims at 2014 revenue growth of 10% YoY and is budgeting Bt950mn for expansion in 2014-2016. (Khao Hoon, 03/01/14)

Comment: You have to laugh when you see Khao Hoon printing such things in the papers, CHG does appear to be a well run outfit, although we still question the sales by management since the IPO, conspiracy theorists assume that its BGH doing the buying.


Appeals Court dismissed Bt6.2bn lawsuit against ETA. The Appeals Court has dismissed a lawsuit filed by Ch. Karnchang Plc against the Expressway and Transit Authority of Thailand (ETA) demanding Bt6.2bn in compensation plus interest regarding the construction of the Bangna-Bangphli-Bangpakong expressway. Ch. Karnchang Plc will take the case to another court. (ThaiPBS 3/1/13)


PTT to slash LNG imports – PTT Plc is reviewing the volume of liquefied natural gas (LNG) imports in 2014 to reflect lower than expected domestic demand. Senior executive vice-president Chakree Buranakanon said PTT formerly estimated 3 million tonnes of LNG would be imported this year, up 50% from 2 million last year. But imports did not reach 2 million tonnes in 2013, which is why the target this year should be revised, he said. (Bangkok Post, 03/01/14)


2013 best in 13 years — SINGER says 2013 net profit will exceed Bt300mn, the highest in 13 years. Revenues are expected to grow by 20%, touching Bt3.5bn. The company targets profit and revenue growth for 2014 of 20% and 15%, respectively. It aims to increase spending on TV and newspaper advertising and expand the number of its stores by 10. (Khao Hoon, 03/01/14)

Comment: A wonderful company, valuations have us hesitant now, but we’ve been following them since their turnaround in 2009


Sale of assets to lift 2013 net profit 60% — TICON expects 4Q13 net profit of Bt1.6bn thanks to the sale of factories and warehouses to TGROWTH property fund. This will bring 2013 net profit to Bt2.089bn, up 60% YoY. It will continue to grow in 2014. (Khao Hoon, 03/01/14)

Comment: Doesn’t this just make sense? Well managed, occupancies recovering, and consistently sells to its property fund and hopefully this year TGROWTH can be converted to a REIT


New contract for Hongsa — TRT has signed a new contract for coal ash conveyor work for the Hongsa project worth Bt450mn. It targets revenues to grow no less than 10% in 2014 and expects revenues to reach its target of Bt1.9bn in 2013. (Khao Hoon, 03/01/14)

Comment: This company is in a very stable industry however we see QTC grabbing market share away from TRT

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