BEC
BEC confirms no need to raise capital after won three channels in the digital TV bidding because it has enough money and it a large amount of content. It expects no need for huge investment and expects a profit in 2014. (Khao Hoon, 5/2/14)
Comment: BEC does have a clean balance sheet but it had to bid heavily for the digital TV channels otherwise their positioning within the media sector would disappear
CGS
CGS will change to a holding company as it will benefit in terms of business expansion. The new structure will also provide more flexibility, help it diversify risks and increase opportunity for more new partnerships. Management expects to complete the transfers of its business units by June 2014 and it will hold an EGM Meeting on Feb 7. (Khao Hoon, 05/02/14)
Comment: This family has been very aggressive in its attempts to trade/acquire/take over other listed companies in Thailand
CPF
CPF resumes meat export after ban — CPF yesterday exported the first shipment of raw frozen chicken to Japan in a decade. CPF is the first Thai company to resume raw frozen chicken exports to Japan. The product was banned 10 years ago after a bird flu outbreak in 2004. But Japan is closely monitoring all of Thailand’s supply chains to ensure the country’s chicken production is 100% free of the bird flu virus, said Prasit Chalongchaichan, the senior vice-president for merchandizing. CPF expects its raw frozen chicken export volume will reach 5,000 tonnes in 1Q14. (Bangkok Post, 05/02/14)
Comment: CPF’s other issue is in regards to its holding in CPALL and when the profits from CPALL will come back to boost CPF’s consolidated profits
Continue reading Stocks in the news (bec, cgs, cpf, ea, ktb, nok, sithai, stec) 05.02.14 →