CKP revises revenue growth this year to 30% from 20%. The revision came as the company expects to book full-year revenue from its BIG1 plant. CKP will invest more than Bt22bn over the next three years in BIC2 and Nam Bak. It is also undertaking a study on solar farms in eight different places. (Khao Hoon, 14/03/14)
Loxley secures tidy net profit gain of 12% – Loxley Plc, a trading and systems installation service provider, posted a net profit increase of 12% to Bt590mn last year on healthy growth of three core business lines, particularly services. Loxley expects earnings to continue to rise this year because of its backlog of Bt11.3bn, allowing it to book revenue of 77% of the total backlog value this year. Most of the backlog is led by ICT turnkey projects supporting clients in electronic sub-transmission stations and the booming broadcasting industry. (Bangkok Post, 14/03/14)
Comment: Not sure on their customer breakdown, i.e. if a government institution is a major client of LOXLEY, would there be any budget for new ICT projects?
Nok touts new structure – Nok Air and its top management executives have adopted a shareholding structure to hold the majority stake in the joint venture with Singapore’s Scoot to establish a long-haul low-fare carrier based in Thailand. The endorsed structure sees the creation of a Nok Air subsidiary, tentatively known as Nok SPV, and a private firm owned equally by four senior Nok Air executives, to take up the 49% and 2% stakes, respectively in NokScoot, the new joint venture airline. (Bangkok Post, 14/03/14)
Comment: Well buying two 777’s to launch in 2H14 is going to hurt NOK’s bottom line no matter how you look at it. Continue reading Stocks in the news (CKP, LOXLEY, NOK, SRICHA, TTA, TUF) 14.03.14