Stocks in the news (aot, ps, ratch, seafco, thai, tta) 22.01.14


No infrastructure fund — AOT denies the rumor that it is going to set up an infrastructure fund. It says that AOT’s financials are sound with cash on hand of Bt40bn and profit of Bt11bn annually. Revenue this year is expected to grow by 10% and earnings for 1Q14 will hit Bt3.3bn. (Khao Hoon, 22/01/14)

Comment: Et voila, rumour bunked


PS targets 2014 revenues to grow by 25% to Bt40-42bn supported by presales ready to be transferred of Bt37.8bn, with Bt20.7bn expected to be realized this year. It targets presales of Bt41-45bn and plans to launch 40-50 projects worth Bt50bn. (Khao Hoon, 22/01/14)

Comment: 25% growth in what many consider to be a slowing property market? Possible, but then who loses market share?


RATCH plant sets date – Ratchaburi Electricity Generating Holding Plc (RATCH), Thailand’s largest private power producer, expects its 10MW gas-fired Ratchaburi World Cogeneration project to begin operations by November. (Bangkok Post, 22/01/14)


SEAFCO signs 9 new projects worth Bt420.1mn, bringing backlog to Bt1.9bn. It expects to book Bt1.7bn backlog as revenue in 2014 with revenue growth of 10%. Net profit is expected to grow in line with revenue. (Khao Hoon, 22/1/14)

Comment: One of the small cap best piling operators in Thailand


Political unrest eating into passenger load — THAI reports that the political unrest has reduced its passenger numbers by 20%. Bookings have declined 10%, most Chinese and Japanese. Management confirms that flights continue operating normally. (Khao Hoon, 22/1/14)


TTA investing Bt638mn to purchase one ship. This brings total ships to 19 and decreases the average age of its fleet to less than 11 years. (Khao Hoon, 22/1/14)

Comment: This company will always trail PSL in the shipping industry

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