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


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 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 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. 


ROJNA expects 2014 revenue of Bt9bn, booking Bt6bn from sale of electricity and Bt3bn from sale of 2 rai. It said 2013 showed a turnaround. (Khao Hoon, 3/2/14)

Comment: #3 in Thailand after hemraj and amata.


SPCG connected 2 solar farms, 7.46 MW, to its electricity grid, with commercial startup in mid-Feb, bringing total COD to 26 projects. It has 10 projects waiting for system connection. (Khao Hoon, 3/2/14)

Comment: They have to sell off to an infra fund


SRICHA to sign for next phase for Thai Oil project worth Bt2bn. It also expects 6-7 new projects at home and abroad worth Bt15bn. (Khao Hoon, 03/02/14)

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