CHO reports more than Bt1bn in backlog and will sign a contract for a Bt700mn new job. It expects earnings for 1Q14 to continue to be strong and revenues this year to grow by at least 15%. (Khao Hoon, 20/03/14)
Comment: A unique business here as they build niche trucks/vehicles and ships of all things!
CK focuses on ASEAN to reduce risks – Ch. Karnchang Plc (CK), Thailand’s largest contractor by market value, will focus more on searching for construction projects in neighbouring countries, particularly Myanmar, to mitigate risks from delays in the government’s Bt2trn infrastructure plan. At present, the contractor is working on the Bt76bn Xayaburi hydroelectric power plant in Laos and expects to sign the Bt17bn Nam Bak project this year. (Bangkok Post, 20/03/14)
Comment: As we look around, we are seeing that more and more thai companies already have a larger size of their revenues generated outside of Thailand.
CPN to invest more than Bt50mn in its “CPN Summer Now 2014” campaign that will be held on March 20-April 30. It hopes that the campaign will boost sales of fashion brands in department stores by 20%. (Khao Hoon, 20/03/14) Continue reading Stocks in the news (cho, ck, cpn, scc, solar, wha) 20.03.14