IRCP expects both revenue and net profit growth of 30% YoY. It continues to bid for jobs related to digital TV network. It recently received work from CAT and Thai PBS worth Bt100mn, bringing backlog to Bt600mn. It is negotiating with a partner to get into the set-top box business. (Tun Hoon, 04/02/14)
IVL targets 2014 sales growth of 13%. It will buy PHP to help penetrate the automotive market. It has budgeted US$500mn for business expansion. (Khao Hoon, 04/02/14)
Comment: This company will continue to aggressively grow.
KBS confident 1Q14 sugar production and sales will increase. The company will start testing its biomass power plant early in March. It expects the biomass project will help increase revenues by Bt200-300mn this year. It also expects sugarcane sales to grow 5% and sugar by 10% YoY. (Khao Hoon, 04/02/14)
Comment: Sugar is a seasonal business and in Thailand there is a scheme that does limit the spreads sugar makers can generate Continue reading Stocks in the news (ircp, ivl, kbs, loxley, spali, thcom, wha) 04.02.14