Stocks in the news (aot, bts, chow, drt, nyt, rs, sithai) 21.01.14

AOT

To set up infrastructure fund — AOT will set up an infrastructure fund worth Bt60bn to build a new passenger terminal for Suvanabhumi Phase 2 and renovate and improve Don Muang and Phuket airports to prepare for an increase in the number of tourists. (Khao Hoon, 21/01/14)

Comment: We heard about this idea over the weekend, it’s not part of management’s plan yet and nothing has been fully disclosed to the market. 

BTS

Bidding for Green Line — BTS will join to bid for the Green Line, Mochit-Saphan Mai – Kookot, with a budget of Bt26bn, along with the other five construction players, STEC, UNIQ, ITD, CK, and NWR. Bid documents are to be handed in by April 11th and contract signing with the MRTA is expected within October 2014. (Khao Hoon, 21/01/14)

Comment: One could view this more as a trading opportunity for the smaller contractors, for BTS the story is straight forward still with its passenger growth 

CHOW

CHOW will invest Bt1.863bn to build a new 18MW solar plant in Japan. It expects to book revenues in 3Q14 and targets steel sales in 2014 of 300,000 tons. (Khao Hoon, 21/01/14)

Comment: This was announced late yesterday afternoon, no idea on what the overall impact will be on CHOW’s earnings, but it’s always nice to see a thai company expand overseas

DRT

To concentrate on foreign markets in 2014 — DRT says it will concentrate on foreign markets in 2014, supported by high demand in construction material in ASEAN market. It is finding a partner and will expand its distributed channel in Myanmar and Laos. It expects revenue growth of 10% YoY in 2014. (Khao Hoon, 21/01/14)

Comment: with the upcountry market apparently slowing down with lower soft commodity prices and the fact that the government still hasn’t paid farmers for their rice, DRT has to look to thailands neighbour’s for continued growth

NYT

NYT targets revenues this year to grow by at least 10%, supported by growth in Thai auto exports that is expected to hit 1.3mn units. Management said the company’s fundamentals are sound and that NYT has a market share of more than 80% in the industry. Moreover, politics have not impact its business operations. (Khao Hoon, 21/01/14)

Comment: we are trying our best to reach this company for a visit 

RS

RS will invest Bt50mn in rebranding its StarMax “channel 2” and be located as channel 2 in every digital box to make it easier for its customers to remember. It expects revenues for 2014 to exceed Bt200mn. (Khao Hoon, 21/01/14)

Comment: management does always seem to buying shares here, is there a story here that the market hasn’t realised yet 

SITHAI

SITHAI will focus on overseas marketafter seeing the impact on revenue that the Thai political impasse is having. It will market in ASEAN countries and aims at 2014 revenue growth of 11% YoY. It will invest Bt1.4bn in Thailand and overseas. It said it is negotiating over investment in Indonesia with a partner.(Thun Hoon, 21/01/14)

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