Stocks in the news (ircp, ivl, kbs, loxley, spali, thcom, wha) 04.02.14

IRCP

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

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

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

Stocks in the news (htech, irpc, jas, rojna, spgc, sricha) 03.02.14

HTECH

HTECH not impacted by political situation, though clients changed production base after they had done marketing in other countries. It is preparing to present its business plan to its board of directors in Feb. It expects revenue growth of 10% YoY in 2014. (Khao Hoon, 3/2/14)

IRPC

IRPC expects a turnaround in its 2013 profit supported by bookings from land sale worth Bt1bn. The company also still has more than 2,000 rai of land on hand ready for development. (Khao Hoon, 03/02/14)

Comment: A petrochem firm that has to sell land assets to be profitable? IRPC is still a horribly mismanaged firm.

JAS

JAS expects net profits for 2013 to exceed Bt3bn supported by new broadband clients that will help push top line growth. Concerns on debt repayment case are also off the table after no creditors filed a claim for repayment. It aims to set up an infrastructure fund in the first half of this year. (Khao Hoon, 03/02/14)

Comment: We doubt its ability to raise a big infrastructure fund, look at the issues that TRUEGIF had, TRUE themselves had to buy more, SCB had to buy 9% etc etc.  Continue reading Stocks in the news (htech, irpc, jas, rojna, spgc, sricha) 03.02.14