Stocks in the news (aav, banpu, gunkul, kbs, mk, n-park, pace, ptg, thcom)

AAV

Thai AirAsia to begin major push to lure back tourists – Thai AirAsia is preparing to work with the AirAsia network regionally to promote Thailand more aggressively to revive a stable flow of foreign tourists into the Kingdom after it was hit by prolonged political turmoil, while in the process meeting its cabin-factor projection of 84% this year. (The Nation, 18/03/14)

Comment: Out of the 3 listed firms, AAV, NOK and THAI, AAV is the best managed one.

BANPU

Banpu targets power plants, acquisitions to boost electricity generation assets to 35% of total — Banpu is expected to acquire one or two power plants this year, while targeting assets from the power-generation business to reach 35% of the total by 2016, up from 25% now. (The Nation, 18/03/14)

Comment: Well they need to, coal prices are in a continued slump since 2008

GUNKUL

GUNKUL expects revenues of Bt3bn, growth of at least 50%, supported by its backlog worth almost Bt2bn. The company will bid for new projects worth Bt2-3bn and expects to receive at least 20% of the work. Exports to Myanmar this year are expected to reach Bt500mn. (Khao Hoon, 18/03/14)

KBS

KBS expect growth in 2014 net profit from 2013, as it will book Bt150mn from sale of electricity. 2014 revenue is expected to grow 10-15% YoY to Bt6.5-6.7bn, supported by sugar cane sales growth of 5% to 2.67-2.7mn tons. (Khao Hoon, 18/3/14)

MK

Plans to launch Chuancheun and Rama 7 – Sirinthorn projects worth Bt312mn on 22-23 March. (Khao Hoon, 18/3/14)

N-PARK

N-Park to invest in five new projects in 2014 to support long term revenue and net profit growth. (Khao Hoon, 18/3/14)

PACE

Pace jacks up MahaNakhon prices after freehold switch – The SET-listed Pace Development Corporation has raised the sale prices of its MahaNakhon development, expected to be the country’s tallest building, after changing property ownership of the plot from leasehold to freehold. “The change in land ownership rights will increase the project’s attractiveness to ultra-rich foreign buyers,” said chief executive Sorapoj Techakraisri, adding that prices would increase by at least 12% from the original price of 250,000 a square metre. (Bangkok Post, 18/03/14)

Comment: The white elephant of property

PTG

PTG predicts 30% sales gain – The SET-listed PTG Energy Plc (PTG), Thailand’s sixth-biggest fuel retailer, expects its fuel sales to grow 30% to hit 2 billion litres this year from 1.57 billion in 2013 due to the heavy expansion of its retail oil network. (Bangkok Post, 18/03/14)

THCOM

THCOM expects 1Q14 earnings to hit Bt289mn after a full quarter of revenue from Synertone coupled with revenues from Thaicom 5-6 and IPSTAR. Service costs are expected to increase temporarily as the company moves its customers to Thaicom 6. Thaicom 7 is expected to operate as planned in 2H14. (Khao Hoon, 18/03/14)

Comment: It’s been a great turnaround for THCOM, but now we just get fathom these valuations

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